02.16.18

EIA: US gas reserves increase at yearend 2016, crude remains flat

The US Energy Information Administration said average first-of-the-month prices used to calculate US reserves dropped in 2016 compared with 2015. Natural gas and crude oil decreased by a respective 6% and 15% during the period.

 

02.16.18

Colorado Drillers Pumping Record Oil, More On The Way

Another month, another expected record. The Energy Information Administration estimates drillers in the Niobrara region will produce 579,000 barrels of oil per day in March.

 

02.14.18

Colorado OKs new rules for oil, gas lines after fatal blast

Colorado regulators approved new rules for thousands of oil and gas pipelines Tuesday, 10 months after investigators blamed a leaking pipeline for a fatal gas explosion.

 

02.13.18

Colorado Raising Taxes on Oil, Gas Drillers by $4.8M

The Colorado Oil and Gas Conservation Commission approved a plan on Monday to raise $4.8 million more in taxes by charging 0.11 cents on every dollar of oil and gas produced.

 

02.08.18

Budget deal envisions largest oil stockpile sale in history

In an effort to partially pay for new spending, the budget agreement would sell 100 million barrels of the Strategic Petroleum Reserve (SPR) in the next decade.

 

02.06.18

Oil World Turns Upside Down as U.S. Sells Oil in Middle East

[I]n a trade that illustrates how the rise of the American shale industry is upending energy markets across the globe, the U.A.E. bought oil directly from the U.S. in December...

 

02.05.18

Opinion: Point - Offshore energy is critical to future energy security

Offshore development plays a critical role in U.S. energy security, supplying more than 1 million barrels of oil per day for the last 20 years.

 

02.04.18

Permian Seen Second to Saudis for Spare Oil-Output Capacity

The U.S.'s Permian Basin is looking like Saudi Arabia, with as much as 1 million barrels of spare oil capacity ready to go into production, according to Nansen Saleri, former head of reservoir management at Saudi Aramco, the world's largest crude exporter.

 

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.