The second quarter of 2024 saw slight shifts in oil and natural gas activity, but major changes are looming on the horizon, according to new data from the Dallas Federal Reserve Energy Survey. According to the latest quarterly survey of oil and natural gas operators in the Permian basin, oil and natural gas production was
Read More...Recent polling proves President Biden’s pause on liquified natural gas (LNG) export approvals remains unsupported. The American Petroleum Institute (API) released polling showing 89 percent of Americans, including Republicans, Democrats, and Independents, believe the United States should continue to supply natural gas to our European allies and other countries. On the results of the poll,
Read More...The Biden administration’s LNG permit freeze has sparked national and international debate over LNG export facilities and the LNG industry as a whole. President Biden’s election-year decision has been deemed purely political and detrimental to U.S. energy and economic security, garnering bipartisan, industry and even international opposition. EID has previously debunked the many myths surrounding
Read More...President Biden’s LNG pause has amassed a range of negative reactions and concerns from across the political spectrum. In a House Subcommittee on Energy, Climate, and Grid Security hearing this week, members from both sides of the aisle agreed that Biden’s decision, directly and indirectly, affects the U.S. economy, energy security, global emissions reduction goals,
Read More...The Biden Administration recently announced a temporary pause on the Department of Energy approving new U.S. LNG export projects that the United States does not have a Free Trade Agreement with – an announcement that received immediate criticism from elected leaders, foreign officials, industry leaders, and energy policy experts alike. These officials universally argued that
Read More...Recent claims suggesting that the Biden administration has granted 50 percent more oil and gas drilling permits on federal land compared to the Trump administration have been circulating in the media – and while that data is accurate, it’s a lot more complex. A closer look at the 2023 data reveals that many of the
Read More...U.S. LNG has been a hot button topic in recent weeks as the Biden administration announced it would be reassessing the Department of Energy’s LNG permit approval process last week, followed on Friday with an announcement that it is temporarily pausing pending decisions on LNG exports to non-FTA countries. While the administration is publicly describing
Read More...Deep in the Department of Interior’s recently proposed 200+ page rule updating the Fluid Mineral Leases and Leasing Process is a not-so-welcome surprise for the American energy industry. The proposed rule introduces a “preference criteria,” a brand-new and potentially transformative mechanism that has flown relatively under the radar but could give the Biden administration yet
Read More...As Energy In Depth has discussed extensively, the Biden administration has significantly reduced the number of lease sales and acreage available in the Gulf of Mexico, all under the guise of protecting the Rice’s whale. The administration’s proposal is facing significant criticism, including from bipartisan members of Congress. On Friday, a group of sixteen senators
Read More...The Biden administration has approved a record low number of new offshore oil wells, according to a new data analysis by E&E News, adding to a long list of antagonistic moves against the oil and gas industry. Analyzing data since the George W. Bush era, E&E News found that offshore permitting hit a 19-year low
Read More...Ceding to activists’ demands to limit oil and natural gas development in the Gulf of Mexico under the guise of protecting the Rice’s whale, the Biden administration has announced “a lease sale in name only” that removes millions of acreage from the parcel and adds burdensome restrictions on operators. In response to the “arbitrary and
Read More...While on a multi-state tour promoting the administration’s climate credentials, President Biden admitted during an interview with the Weather Channel that he tried to “stop all drilling on the east coast, and the west coast, and in the Gulf,” but was stymied by court orders including a Louisiana district court judge’s 2022 ruling that overturned
Read More...Following a hearing last week that showcased the economic necessity of the Department of Interior’s five-year offshore leasing plan, yesterday the Independent Petroleum Association of America, the American Petroleum Institute, and fifteen other energy trade associations sent a letter urging President Biden to support U.S. energy security by finalizing a new five-year program. Since the
Read More...Amidst a historically busy methane regulatory agenda, the White House will hold its first-ever methane summit on July 26. The few details available about the summit state that the event will convene “state, local and federal leaders” to spotlight how governments are detecting and responding to methane emissions. Notably, the American oil and natural gas
Read More...Last year, in an effort to lower gas prices for Americans, the Biden administration began to sell crude oil reserves from the U.S. Strategic Petroleum Reserve (SPR). In August of 2021, the administration was releasing 1 million barrels of oil per day. Today, the SPR has been reduced to 347 million barrels – the lowest
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