02.03.18

China Surpasses U.S. as Largest Crude Oil Importer

China surpassed the U.S. in annual gross crude oil imports in 2017 by importing 8.4 million barrels per day (b/d) compared with 7.9 million b/d of U.S. crude oil imports.

 

01.31.18

Hydraulically fractured horizontal wells account for most new oil and natural gas wells

Almost three-quarters of all oil and natural gas wells drilled in the US as of 2016 were hydraulically fractured horizontal wells... fracked horizontal wells accounted for about 10.7 million of the nearly 13 million feet of total drilled footage in 2016, the EIA said.

 

01.29.18

Natural gas production growing faster than demand in Pennsylvania, Ohio, West Virginia

Natural gas production has increased significantly in Ohio, Pennsylvania, and West Virginia over the past decade and has grown at a much faster rate than natural gas consumption in the three states, the U.S. Energy Information Administration (EIA) said.

 

01.26.18

New Mexico State Income Rises on Energy Rebound

Thanks to a rebound in New Mexico's oil industry, the state's lawmakers have much more money to work with as they craft a spending plan for the coming fiscal year that aims to boost spending on education, courts and law enforcement.

 

01.25.18

A Biofuels Bankruptcy

The renewable fuel standards (RFS) suffocate a Philadelphia refiner.

 

01.24.18

Kinder Morgan begins operation of the Utopia Pipeline system

[T]he Utopia Pipeline has been placed into service, and product delivery of ethane from Harrison County, Ohio, to Windsor, Ontario, Canada, has commenced operation.

 

01.19.18

The Offshore U.S. Oil And Natural Gas Treasure Trove

U.S. Interior Secretary Ryan Zinke recently announced a leasing plan for 2019-2024 that would put more than 90% of the total Outer Continental Shelf (OCS) acreage and over 98% of "undiscovered, technically recoverable" oil/gas resources in federal offshore areas in play for future exploration and development.

 

01.16.18

U.S. Feb shale output expected to rise to 6.55 mln bpd: EIA

The global oil market has been closely watching U.S. output, which may continue to contribute to global oversupply even as OPEC members, Russia and other producers curb production.

 

01.16.18

U.S. expected to become net exporter of natural gas for first time in decades

[T]hanks to increased natural gas exports to Mexico, LNG exports to at least 20 countries and less gas flowing into the country from Canada, according to the U.S. Department of Energy.

 

01.15.18

In oil drilling, science replaces art

Everything is becoming more efficient. Fewer rigs are required because modern drilling rigs can drill more wells faster and longer. The increasing automation and use of robotics mean fewer people in the oil fields.