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• Judge allows contested pipeline to proceed through central Texas
  U.S. District Judge Robert Pitman wrote...
  U.S. District Judge Robert Pitman wrote in an eight-page decision that Central Texas landowners, the City of Austin and other local governments had not proven they would suffer “irreparable harm” if Houston-based Kinder Morgan is allowed to move forward on the Permian Highway Pipeline while litigation against it continues.
  
  “We are pleased with the decision and look forward to continuing construction on this vital infrastructure project,” Kinder Morgan said in an emailed statement.
  
  The pipeline has been the subject of heated debate and multiple lawsuits in Texas since it was first announced in 2018.
  
  The 430-mile, $2 billion project would carry natural gas from a transport hub in the booming West Texas oil patch to hungry markets on the Gulf Coast. Opponents, including many Central Texas landowners, worry the pipeline could threaten federally protected animals and sensitive underground aquifers that feed the region’s popular swimming holes, among other concerns.
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• Bernie Sanders says Colorado’s oil and gas workers will change jobs
  DENVER — Democratic presidential candidate Sen. Bernie Sanders said Colorado’s traditional energy...
  DENVER — Democratic presidential candidate Sen. Bernie Sanders said Colorado’s traditional energy workers are not his enemy, but they must prepare to transition to jobs outside the fossil fuel industry.
  
  Sanders talked about his proposed transition for traditional energy workers in an interview with Next with Kyle Clark. State statistics indicate about 91,000 Coloradans work in the sector.
  
  “Those workers are not my enemy,” Sanders said. “It’s not their fault that climate change is threatening the planet.”
  
  Sanders has introduced a bill to ban fracking nationwide in 2025. Sanders is calling for a “just transition” to spend billions of dollars to provide oil and gas workers with five years of income, job retraining, education and health care.
  
  “We’re not going to push them aside,” Sanders said. “We’re going to protect them.”
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• North Dakota oil output falls to 1.475 million b/d in December, down 3%: state
  North Dakota oil production fell to 1.475 million b/d in December, down nearly 43,400 b/d, or about 3%,...
  North Dakota oil production fell to 1.475 million b/d in December, down nearly 43,400 b/d, or about 3%, from what is now a record November, the North Dakota Pipeline Authority said.
  
  The state has revised upwards its production estimate for November to 1.519 million b/d, up more than 3,600 b/d from its initial estimate last month, making it the state’s latest oil output record, breaking the record set in October.
  
  North Dakota natural gas production averaged nearly 3.06 Bcf/d in December, down about 0.08 Bcf/d from November, the pipeline authority said. The authority estimates about 16% of the state’s natural gas was flared in December, including 12% flared due to challenges or constraints on existing gathering systems and 4% flared from wells with zero sales.
  
  North Dakota’s rig count averaged 55 in November, December and January and was at 56 on Friday, according to the state’s Department of Mineral Resources. The state expects the rig count to remain in the mid-50s throughout the year.
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• Experts: Oil price drop likely exacerbated by hedging
  A scramble by Wall Street to reduce exposure to falling oil prices may have hastened crude’s recent...
  A scramble by Wall Street to reduce exposure to falling oil prices may have hastened crude’s recent descent.
  
  In just 19 days during January, crude prices tumbled 20% from their recent peak. That was the fastest slide into a so-called bear market since early 2016, according to Dow Jones Market Data.
  

  
  
  Analysts blame the slide on fears the coronavirus will hit the global economy and weaken demand for oil. The speed of the decline also suggests it was fueled by big banks making bets designed to hedge deals with oil companies, some traders said.
  
  Full Story @WSJ
  
  
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• U.S. oil and gas rig count unchanged, near 3-year low
  The rig count has been unchanged for three weeks as oil prices have remained stuck below $55 a barrel...
  The rig count has been unchanged for three weeks as oil prices have remained stuck below $55 a barrel since January.
  
  Oil prices closed last Friday at $52.05 for West Texas Intermediate and $57.32 for Brent, the international price benchmark.
  
  The prices of international crude oil futures slumped over 20 percent in the last few weeks resulting from concerns over demand shock from the outbreak of novel coronavirus.
  
  The U.S. rig count plunged by more than 25 percent in 2019. Operators pulled back because of a slowdown in the sector, and an oil price slump through much of last year and a decline in Wall Street investments tightened budgets and put pressure on business activity.
  
  
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