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Bakken Production Rise Boosts ND Tax Revenue Amid War Premium
North Dakota's oil production continues to increase, generating state tax revenues that have exceeded initial forecasts, according to a report from Bing News. The elevated revenue is attributed to high oil prices resulting from the ongoing U.S. war with Iran. For operators in the Bakken formation, the sustained period of higher oil prices improves cash flow and can support increased drilling and completion activity. The price environment, driven by geopolitical conflict, provides a stronger economic backdrop for new wells and continued production from existing assets. The report indicates that the revenue surge is directly linked to the war-driven price premium. While the source did not provide specific production or revenue figures, the trend of rising output coupled with elevated prices signals robust industry health in the state's primary oil-producing region. The consistent tax revenue above projections is also a positive indicator for state budgets and infrastructure funding. North Dakota's oil...
North Dakota Oil Production Rises, Boosting State Tax Revenues
North Dakota's oil production continues to rise, generating state tax revenues that are exceeding official forecasts, according to a report from Bing News. The increased revenue is attributed to high oil prices resulting from the ongoing U.S. war with Iran. The Bakken formation is North Dakota's primary oil-producing region, and its performance directly impacts state finances through extraction and production taxes. Steady production growth combined with elevated global prices creates a favorable fiscal environment for the state government. For Bakken operators, this sustained period of high prices and robust production translates into stronger cash flows and improved project economics. While the source did not specify current price levels or production volumes, the broader context of a prolonged geopolitical conflict suggests continued market support for domestic crude. The report indicates that the revenue surge is a direct consequence of the war-driven price environment, which has persisted longer than some initial forecasts...
North Dakota Oil Tax Revenue Exceeds Forecast Amid Iran War
North Dakota's oil tax revenues continue to exceed state forecasts, driven by high oil prices resulting from the ongoing U.S. war with Iran, according to a report from Bing News. The report, published October 20, indicates that oil production in the state remains on an upward trend, directly boosting state coffers. For operators in the Bakken formation, North Dakota's primary oil-producing region, sustained high commodity prices improve cash flow and margins. This financial environment supports continued drilling and completion activity, as well as the economic viability of existing wells. The revenue surge also signals robust production levels across the basin. The elevated tax collections have significant implications for state budgets and local communities. North Dakota's oil extraction and production taxes are key funders for state infrastructure projects, education, and legacy funds. Revenue above forecasts can provide budgetary flexibility and fund additional investments in the region's oil-producing counties. Royalty owners in...
August Production Hits Record High, Boosting State Tax Revenue Forecast
North Dakota's oil production reached a new all-time high in August, according to data presented in a Department of Mineral Resources media briefing on Tuesday. This production strength, coupled with sustained high prices from the ongoing U.S. war with Iran, is driving state oil tax revenues far above official forecasts. Richard Suggs, a geology and Underground Injection Control program manager with the DMR, reported that the number of producing wells in the state reached a record 20,177 in August, an increase of 105 from July. Those wells produced more than 36 million barrels of oil, averaging 1.16 million barrels per day (bpd). This output was 5.6% above the state's revenue forecast of 1.1 million bpd for the period, according to the briefing. The revenue surge is being amplified by market prices significantly exceeding projections. While West Texas Intermediate crude futures traded around $97 per barrel on Tuesday, the North Dakota...
IMF Warns AI Could Erode Tax Bases, Prompting Global Fiscal Shift
The head of the International Monetary Fund has warned that widespread AI adoption could erode government tax bases worldwide as the technology squeezes labor incomes, according to a report from OilPrice.com. IMF Managing Director Kristalina Georgieva labeled AI a "slow-moving tsunami" that could affect 60 percent of jobs in wealthy countries. Speaking at a summit in Bangkok, Georgieva said governments may be ill-prepared for a potential slump in tax revenue driven by AI's impact on the labor market. In a blog post on Thursday, October 15, she stated, "AI may raise growth, but it could also reduce labour income, increase inequality, and erode the tax base." Georgieva suggested that with government debt already high, policymakers will need to "make hard choices" and implement vast tax reform to shift revenue streams. She indicated a need to move tax streams "from labour to other areas such as land or investment." For North...
India Cuts Diesel Export Tax Amid Global Crunch, Potentially Supporting Bakken Prices
India has slashed its export duty on diesel by nearly half for the next two weeks, a move that could increase global diesel supply and support international crude demand, according to a report from OilPrice.com. The policy, effective October 16, 2026, cuts the levy from 16 rupees ($0.17) per liter to 8.5 rupees ($0.09). Concurrently, India hiked its gasoline export duty fivefold to 2.5 rupees ($0.026) per liter, a measure seen as discouraging gasoline exports. The export duty on jet fuel was left unchanged. The adjustments are part of India's fortnightly review of export duties, a policy first instituted in March during the height of the Middle East crisis when Strait of Hormuz shipments were halted. For Bakken operators and North Dakota, the diesel-specific tax cut is the relevant development. The global diesel market is experiencing a significant supply crunch and price shocks. By reducing the financial disincentive on diesel...
Lawmakers question permanent ND oil tax break, report says
Bismarck, N.D. — A reported review of North Dakota’s oil tax policy has put a permanent tax break for the oil sector back in the spotlight, according to Bing News. The headline published Monday said North Dakota is “on pace to lose out on $66M from permanent oil tax break questioned by lawmakers.” The report was described as the first in a two-part series supported by a grant from the Fund for Investigative Journalism. The summary said the second part, coming Tuesday, would compare North Dakota with other major oil-producing states. For Bakken operators, the issue matters because North Dakota’s fiscal treatment of oil production helps shape the economics of drilling, completions and long-term development in the Williston Basin. The Bakken formation is North Dakota’s primary oil-producing region, and producers operating there face a mix of state taxes, incentives and regulatory costs that can influence whether marginal or capital-intensive projects...
North Dakota on Pace to Lose $66M from Oil Tax Break
North Dakota is on pace to lose out on $66 million in revenue from a permanent oil tax break, according to a report cited by Bing News. State lawmakers are now questioning the obscure tax provision. The report, supported by a grant from the Fund for Investigative Journalism, marks the first in a two-part series. The second part, examining how North Dakota compares to other major oil-producing states, is scheduled for release on Tuesday, October 13. While the specific mechanics of the tax break were not detailed in the summary, such permanent reductions directly impact state revenues derived from Bakken oil production. North Dakota's oil and gas tax revenue is a critical funding source for state budgets, impacting everything from infrastructure to local government funding in the Williston Basin. For Bakken operators, the continuation of any tax break represents a sustained reduction in the cost of production. However, the increased...
North Dakota Losing Millions from Oil Tax Break Under Scrutiny
North Dakota is on pace to lose out on $66 million in state revenue due to a permanent oil tax break that is now being questioned by lawmakers, according to a report from Bing News. The investigation into the obscure tax provision was published Monday, October 12. The report, supported by a grant from the Fund for Investigative Journalism, marks the first part of a two-part series. The second part, scheduled for release on Tuesday, will compare North Dakota's tax policies to those of other major oil-producing states. The specific mechanics and eligibility criteria for the tax break in question were not detailed in the summary. For Bakken operators, tax incentives and breaks can significantly impact the economics of drilling and completing wells in the state's premier oil formation. Permanent tax provisions provide long-term certainty for capital planning and development strategies. However, increased legislative scrutiny of such breaks could signal...
U.K. Windfall Tax Debate Highlights Global Investment Risks for Energy
The U.K. oil and gas industry is pressuring Prime Minister Andy Burnham to scrap a windfall tax, a debate North Dakota producers are monitoring as a signal of how changing fiscal regimes can deter global energy investment. According to a report from Offshore Energies UK (OEUK), the industry body for the U.K., the existing Energy Profits Levy (EPL) should be abandoned in January 2027. The levy, set to last until 2030, has raised about £12 billion but has "stifled investment in recent years," OEUK stated. OEUK’s report calls for replacing the EPL with an Oil and Gas Revenue Levy (OGRL), which would only be triggered during oil price spikes. The group argues that amending the tax and approving two major contested projects, Rosebank and Jackdaw, could unlock 111 projects and attract £50 billion in investment. They claim increased domestic production could help the U.K. offset fossil fuel imports, with a...
Global Energy Security Concerns Highlight Need for Robust Bakken Production
The rapid digitalization of power grids is outstripping regulatory frameworks, creating energy security vulnerabilities, according to a recent report from European energy experts. This global dynamic underscores the continued strategic importance of reliable, domestic hydrocarbon production from regions like the Bakken. Elena Boskov-Kovacs, co-founder of Blueprint Energy Solutions, stated that regulatory processes lag behind technological deployment in the energy sector. "There’s a mismatch in speed rather than a gap in technology – in making digital solutions useful and deployable quick enough to keep pace with the physical transformation of the grid," she was quoted in a report for Enlit. She cited the rapid connection of solar, EVs, and heat pumps as creating "very practical concerns for system operators: unobservability at the edge of the grid, limited hosting capacity, congestion and ultimately the risk of blackouts." These challenges in grid management and energy security are particularly acute in Europe, which is...
EPA Relinquishes Power Plant GHG Authority, Citing Economic Benefits
The U.S. Environmental Protection Agency (EPA) announced in September that it will relinquish its authority to regulate greenhouse gas emissions from power plants under the Clean Air Act, according to OilPrice.com. The move effectively removes federal limits on emissions from coal and natural gas plants. The EPA expects the decision to result in an additional 123 million metric tonnes of carbon dioxide released into the atmosphere over the next decade, OilPrice.com reported. The agency's analysis estimates the change will save power plant operators $370 million in direct compliance costs, but does not factor in the financial benefits of reduced air pollution. For North Dakota, a major coal-producing and natural gas-fired power state, the policy shift could impact the operating environment for associated energy infrastructure. The decision follows President Trump's earlier move to overturn the foundational 2009 EPA endangerment finding that greenhouse gases threaten public health and the environment, and a...
EIA Projects Record US Gas Output Amid Rising Demand, AI Data Center Buildout
U.S. natural gas production is on track to hit new record highs in 2026 and 2027, with surging demand from liquefied natural gas (LNG) exports and a wave of gas-fired power plants for AI data centers driving the outlook, according to U.S. Energy Information Administration (EIA) data released in September 2026. For North Dakota's Bakken formation, a major gas-producing region, the forecasts reinforce a strong market for associated natural gas, despite a recent regulatory setback for a gas plant project in North Carolina. The EIA now expects dry natural gas production to rise from a record 107.6 billion cubic feet per day (bcfd) in 2025 to 111.7 bcfd in 2026 and 115.9 bcfd in 2027, OilPrice.com reported. Domestic gas consumption is projected to increase from 91.9 bcfd in 2025 to 92.2 bcfd in 2026 and 94.3 bcfd in 2027. Average U.S. LNG exports are forecast to climb from 15.1 bcfd...
U.S. Natural Gas Output, Demand Forecast to Hit Record Highs Through 2027
U.S. natural gas production and domestic consumption are forecast to reach record highs this year and next, according to the latest government data, signaling continued strong demand for gas produced in North Dakota's Bakken formation. The U.S. Energy Information Administration (EIA) projects dry gas production will rise from a record 107.6 billion cubic feet per day in 2025 to 111.7 bcfd in 2026 and 115.9 bcfd in 2027, according to OilPrice.com. Domestic gas consumption is also projected to increase, from a record 91.9 bcfd in 2025 to 92.2 bcfd in 2026 and 94.3 bcfd in 2027. The EIA revised its predictions upwards in September compared to August forecasts. The agency also expects average U.S. liquefied natural gas exports to increase from a record 15.1 bcfd in 2025 to 17.4 bcfd in 2026 and 18.6 bcfd in 2027. This robust demand outlook is being driven in part by a national construction...
European Commission Proposes Energy Efficiency Rating for Data Centers
The European Commission has proposed an energy efficiency rating system for data centers, according to a report from Rigzone. Concurrently, the Commission launched a public consultation on minimum energy efficiency standards for such facilities. The proposed ratings and potential standards are part of broader European Union efforts to reduce energy consumption and carbon emissions. While the direct regulatory action is in Europe, it carries indirect implications for energy-producing regions like the Bakken. Data centers are significant consumers of electricity, and their power demand has been a growing market for natural gas-fired generation globally. Increased efficiency mandates in a major economic bloc like the EU could temper future growth in electricity demand. This, in turn, could influence long-term global projections for natural gas, a key commodity for Bakken producers. North Dakota's Bakken formation is a major producer of both oil and associated natural gas. The state has worked to reduce flaring...
North Dakota Oil Output Expected to Rise in August on Sustained Activity
North Dakota crude oil production is expected to have climbed in August and maintain momentum in the following months, according to state regulators. Sustained drilling activity and robust crude prices are supporting output across the state, the Department of Mineral Resources said. “Given activity levels and pricing, I suspect August will be a stronger month versus July,” Justin Kringstad, executive director of the North Dakota Pipeline Authority, told reporters during a monthly press briefing. Output in the United States’ third-largest oil-producing state rose marginally by 1,846 barrels per day to reach an average of 1.157 million bpd in July, according to the latest available production data. The state’s active rig count stood at 34 in September, unchanged from August. North Dakota also recorded nine active hydraulic fracturing crews and a record 20,072 producing wells in July. Gunther Harms, a treating plant manager at the Department of Mineral Resources, said rig...
North Dakota Oil Output Expected to Rise in August on Sustained Activity
North Dakota crude oil production is expected to have climbed in August and maintain momentum in the following months, according to state regulators. The forecast is based on sustained drilling activity and robust crude prices supporting output across the state, the Department of Mineral Resources said. Output in the United States’ third-largest oil-producing state rose marginally by 1,846 barrels per day to reach an average of 1.157 million barrels per day in July, according to the latest available production data released by the regulator. This exceeded the state’s forecast of 1.1 million bpd for the month. “Given activity levels and pricing, I suspect August will be a stronger month versus July,” Justin Kringstad, executive director of North Dakota’s Pipeline Authority, told reporters during a monthly press briefing. The state’s active rig count stood at 34 in September, unchanged from August, according to Department of Mineral Resources data. Gunther Harms, a...
North Dakota Oil Production Rises Amid Prolonged U.S.-Iran Conflict
Oil production in North Dakota continues on an upward track as the U.S. war with Iran nears the seven-month mark, according to a report from Bing News. The ongoing conflict has pushed crude oil prices higher, according to the same source. For operators in the Bakken formation, North Dakota's primary oil-producing region, the sustained higher price environment improves the economics of drilling and completing new wells. The increased revenue per barrel can support more active drilling programs and enhance cash flow for producers across the Williston Basin. The report also indicates that rising production is translating into increased tax revenue for the state of North Dakota. This revenue funds state budgets, local infrastructure, and legacy fund investments, which are critical for communities in the oil-producing regions. The geopolitical tension, now in its seventh month according to the report, remains a key driver for global oil markets. While the headlines confirm...
European Price Caps, Refiner Tax Signal Global Market Disruption
The Czech government will reinstate price caps on gasoline and diesel from October 1 and has proposed a windfall tax on refiners, according to a report from OilPrice.com. These interventions, driven by soaring refining margins and supply disruptions, underscore the global market volatility that can influence crude oil demand and pricing for producers in the Bakken. According to the source, the Czech price cap sets maximum fuel prices daily based on a three-day rolling average of several benchmarks, including Platts quotations, plus a regulated margin. The diesel excise tax will also be temporarily lowered. Finance Minister Alena Schillerová stated the cost to the state budget for October would be about 1.1 billion crowns ($51.9 million). A separate proposed windfall tax, needing parliamentary approval, would apply through 2027 to companies processing crude with annual revenue above 2 billion crowns—effectively targeting Poland's Orlen, which operates both Czech refineries. The levy is estimated...
European Commission Funds Cross-Border Renewable Energy Projects
The European Commission has approved approximately $145 million in grants for three cross-border renewable energy projects, according to Rigzone. The funding, sourced from the Connecting Europe Facility, will support two German-Polish district heating initiatives and an onshore wind park near the Latvia-Lithuania border. For Bakken operators and North Dakota royalty owners, this regulatory move highlights the sustained policy push within a key export market toward energy alternatives. The European Union's continued investment in heating and power projects that bypass fossil fuels represents a strategic, long-term demand consideration for U.S. crude oil exports, including light sweet crude from the Williston Basin. While these specific grants are for localized infrastructure, they fit into a broader European Green Deal framework aiming for climate neutrality. Such policies gradually reshape the continent's energy mix, potentially affecting long-term forecasts for hydrocarbon imports. The Bakken formation, as a major oil-producing region, is indirectly linked to these market...
European Commission Approves $145M in Grants for Cross-Border Energy Projects
The European Commission has approved approximately $145 million in grants for three cross-border renewable energy projects, according to a report from Rigzone. The funding, from the Connecting Europe Facility, will support two climate-neutral German-Polish district heating projects and an onshore wind park near the Latvia-Lithuania border. This regulatory and funding decision highlights the continued policy momentum within the European Union to diversify energy supplies and meet climate targets. For Bakken operators, such developments reinforce a long-term strategic reality: key export markets are actively investing in infrastructure to reduce reliance on fossil fuels, including imported crude oil and natural gas. The approval of grants for district heating networks and wind power generation is part of a broader EU strategy to enhance energy security and independence. While North Dakota's oil production remains a crucial part of the global energy mix, sustained investment in European energy infrastructure signals a gradual, policy-driven shift in...
UN Warns of Overshooting 1.5°C Climate Goal, Calls for Fossil Fuel Phaseout
The United Nations has, for the first time, acknowledged that the world will overshoot its target of limiting global warming to 1.5°C above pre-industrial levels, marking the failure of the 2015 Paris Agreement pledges, according to a report from the UN Environment Programme (UNEP). The world is now expected to warm to 1.5°C within the next few years, the report states. This formal recognition of a breached climate threshold signals intensified global pressure for rapid decarbonization, directly impacting the regulatory and operating environment for fossil fuel producers in the Bakken. According to the report, released on September 19, 2026, even if all current climate commitments are met, the world is expected to warm by at least 1.8°C. The UN Secretary-General, António Guterres, used the report's launch to emphasise the need to "accelerate the phaseout of fossil fuels and the renewables revolution" and to "slash methane pollution." For North Dakota, the...
Ukraine Drone Strike Hits Russian Refinery Amid Diesel Export Ban Extension
Ukraine launched a drone strike overnight, damaging a major Russian oil refinery as Moscow prepares to extend its ban on diesel exports through October, according to a report from OilPrice.com. The dual developments tighten global supplies of middle distillates, a market category that includes diesel, with direct implications for North Dakota Bakken producers. Ukrainian forces hit the 300,000-barrel-per-day refinery in Yaroslavl, fewer than 200 miles northeast of Moscow, in a joint operation, Ukrainian President Volodymyr Zelenskyy said Thursday. The refinery is co-owned by Russian state giants Rosneft and Gazprom Neft. Mikhail Yevrayev, governor of the Yaroslavl region, confirmed on Telegram that the refinery sustained damage and a fire was extinguished by Thursday morning, OilPrice.com reported. The attack demonstrates the continued targeting of energy infrastructure, with OilPrice.com noting "there isn't any truce not to attack energy sites." It coincides with Russian government considerations to extend its ban on diesel exports for...
UK Windfall Tax Debate Highlights Global Fiscal Uncertainty for Producers
A UK offshore energy industry group is advocating for the early replacement of the country's windfall tax on oil and gas profits, according to a report from Rigzone. The group, Offshore Energies UK (OEUK), argues the UK would benefit from ending the measure ahead of schedule. The current tax, called the Energy Profits Levy, was introduced in 2022 in response to soaring energy prices following Russia's invasion of Ukraine, Rigzone reported. The call for its early replacement underscores ongoing global debates about fiscal stability for energy producers. For Bakken operators, such international regulatory shifts serve as a reminder of the persistent uncertainty surrounding government tax policy in commodity markets. While North Dakota's tax regime is distinct, major fiscal changes in other significant producing regions can influence global investment sentiment and capital allocation decisions across the industry. The core tension between government revenue needs during price spikes and industry calls for...
UK Windfall Tax Replacement Discussed as Global Fiscal Policies Evolve
The UK's current windfall tax, the Energy Profits Levy, could be replaced early, according to comments from industry body Offshore Energies UK (OEUK). Rigzone reported that OEUK says the UK would gain from such a move. The levy was introduced in 2022 by the UK's previous Conservative government following Russia's invasion of Ukraine, which caused global energy prices to soar. While the development is specific to the UK North Sea, it underscores the ongoing global scrutiny of fiscal regimes for oil and gas producers. Regulatory and tax changes in major producing regions can influence investment flows and corporate strategy for international operators, including those with assets in the Bakken. For Bakken operators, the news serves as a reminder of the potential for fiscal volatility. North Dakota's oil industry operates under a different state tax structure, but companies active in multiple global basins must constantly weigh the stability and terms of...
D.C. Gas Ban Gets Favorable Appeals Court Hearing
A federal appeals panel appeared inclined Tuesday to let Washington, D.C.’s restrictions on natural gas in certain new buildings stand, according to a report from OilPrice.com. The case is part of a deepening national legal split over similar bans, creating regulatory uncertainty that could impact long-term demand for natural gas produced in regions like the Bakken. The legal challenge, brought by industry groups including the National Association of Home Builders, Restaurant Law Center, and Washington Gas, argues that D.C.'s Clean Buildings Act is preempted by federal law. The law requires certain newly constructed or substantially improved buildings to operate at zero energy beginning in 2027, effectively prohibiting natural-gas appliances in covered properties. U.S. District Judge Ana Reyes upheld the law in March, a ruling now under appeal. During oral arguments Tuesday at the D.C. Circuit Court of Appeals, the panel appeared unconvinced by the industry groups' preemption argument, OilPrice.com reported....
UK Offshore Industry Seeks Clarity on Tax Plan, Highlighting Regulatory Uncertainty
The UK offshore oil and gas industry is pressing its government for clarity on future fiscal policy, a move that underscores the global importance of regulatory stability for energy investment. Industry body Offshore Energies UK said the industry urgently needs a firm date for HM Treasury's North Sea tax plan, according to a report from Rigzone. While directly concerning the North Sea, the call for a definitive timeline highlights a universal challenge for oil and gas producers: operating efficiently amidst shifting regulatory and tax frameworks. Uncertainty can delay final investment decisions on projects and impact long-term planning. For operators in the Bakken formation, the development serves as a reminder of the ongoing evolution of their own regulatory environment. North Dakota's oil industry navigates a complex web of state regulations covering flaring, well spacing, and environmental standards, in addition to federal policies on federal lands and emissions. The current federal administration...
Texas Oil Theft Bust Hailed as Multistate Victory by Regulator
The Railroad Commission of Texas is celebrating a multistate oil theft investigation as a significant victory for the industry, according to a report from Rigzone. RRC Commissioner Wayne Christian hailed the recent "oil theft bust" as a "victory for Texas oil and gas," the news service reported on September 3. While the specific details of the bust were not disclosed in the summary, the mention of a multistate investigation indicates coordination across jurisdictions. Such enforcement actions target the illegal diversion and sale of crude oil and condensate, a persistent issue for producers and midstream companies. For operators in the Bakken formation, multistate enforcement is particularly relevant. North Dakota's crude production is largely transported via truck and pipeline to out-of-state markets and refineries. Theft incidents, which can occur during transportation or from wellsite storage tanks, represent direct lost revenue for producers and royalty owners. Successful investigations and prosecutions serve as a...
Texas Regulator Announces Multistate Oil Theft Investigation Bust
Texas Railroad Commission (RRC) Commissioner Wayne Christian hailed a multistate 'oil theft bust' as a victory for the state's oil and gas industry, according to a report from Rigzone. The announcement, made on September 3, 2026, stems from a collaborative multistate investigation. While the specifics of the bust occurred outside North Dakota, the news underscores the persistent and costly issue of hydrocarbon theft across major producing regions. For Bakken operators, such multistate enforcement actions are a positive signal, as criminal networks often operate across state lines, targeting pipelines, wellheads, and transportation infrastructure. Theft of crude oil and condensate represents a direct financial loss for producers and royalty owners, impacting bottom lines and complicating production accounting. It also poses significant safety, environmental, and liability risks. The involvement of a state regulator like the Texas RRC in a multistate case highlights the ongoing coordination between agencies to combat these crimes. Bakken operators...
Oil Holds Near Five-Week High Amid Renewed Geopolitical Tensions
Oil prices held near a five-week high on Wednesday as renewed U.S.-Iran fighting raised fresh concerns over the security of exports through the Strait of Hormuz, according to Rigzone. The price strength, with oil holding above $90 per barrel, provides a supportive backdrop for production economics in the Williston Basin. For Bakken operators, sustained higher oil prices directly improve cash flow and can influence decisions on drilling and completion activity. The Bakken formation is North Dakota's primary oil-producing region, and its output is sensitive to global price signals driven by geopolitical events. The specific mention of the Strait of Hormuz, a critical global oil transit chokepoint, highlights the ongoing market volatility that can benefit domestic producers when global supply fears emerge. In a separate regulatory development, the Texas Railroad Commission (RRC) has named David Lindley as the new director of its Oil and Gas Division, Rigzone reported. While this appointment...