News

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.

 

01.28.18

Tanker carrying liquefied natural gas from Russia’s Arctic arrives in Boston

A recent cold snap in New England and the shortage of pipeline capacity from gas-rich Pennsylvania have created an appetite for natural gas imports even as the United States has begun exporting LNG from other terminals on the Gulf Coast.

 

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.

 

01.23.18

Offshore could be beating U.S. shale

Some break-even costs for offshore developments are about $10 per barrel lower than in U.S. shale basins, a new report finds.

 

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.

 

01.11.18

Oil and gas should be included in federal infrastructure push

"And this isn't just about the dollars and cents. Getting the policy right on energy infrastructure will lead to greater reliability, safety, security, and affordability."