According to analysis by John Kemp at Reuters, lower prices for oil and a slowdown in drilling activity are finally causing crude oil output to peak and turn down. In May, crude and condensates production for the Lower 48 states (excluding Gulf of Mexico production) rose by just 19,000 barrels per day compared with April….
Read More...The U.S. Energy Information Administration (EIA) published a post noting the increase in the use of energy in the U.S. from 2020 to 2021. Energy usage increased by 25%, adjusted for inflation, in 2021. Why? In 2020 we were deep in the throes of lockdowns due to COVID. Nobody was going anywhere, pretty much, which…
Read More...Earlier this month, we noticed a short Bloomberg article about a stray comment made by Exxon Mobile CEO Darren Woods. He was speaking at the Bernstein Annual Strategic Decisions Conference held on June 1 in New York City. Woods said he has tasked the brainiacs who work for Exxon to figure out a way to…
Read More...The Ohio Dept. of Natural Resources (ODNR) recently released production numbers for the first quarter of 2023, and wow! What a surprise! Oil production in the northern Utica Shale skyrocketed, led by wells drilled by Encino Energy. According to an analysis by the Youngstown Business Journal, four shale wells drilled by Encino in Columbiana County
Read More...Yesterday MDN told you about a new assault on the oil and gas industry in Pennsylvania coming from the Chairman… Continue reading The post Increased Bonding Won’t Plug PA’s Abandoned Oil & Gas Wells first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...We read with some amusement a column by the CEO of Qamar Energy (an OPEC-tied consultancy based in Dubai, UAE)… Continue reading The post Another False Prediction of “The End of American Shale Revolution” first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...Once a month, U.S. Energy Information Administration (EIA) analysts issue the agency’s Short-Term Energy Outlook (STEO), their best guess about… Continue reading The post April STEO Trims 2023 Henry Hub by Another 3% to $2.94/MMBtu first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...In March, the U.S. Energy Information Administration (EIA) published its Annual Energy Outlook for 2023 (see EIA Annual Outlook Predicts… Continue reading The post EIA Predicts Steady Demand for Oil & Gasoline Thru 2050 & Beyond first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...The United States is uniquely poised to fill the natural gas gap in Europe using existing infrastructure, while helping the bloc meet their climate targets, according to a recent International Energy Agency report. The report, which focuses on the natural gas supply-demand balance of the European Union in 2023, underscores the shifting supply and demand
Read More...U.S. crude inventories, excluding the Strategic Petroleum Reserve, increased by 7.6 million bbl from the previous week during the week ended Feb. 17. The post EIA: US crude inventories increase by 7.6 million bbl for week ended Feb. 17 appeared first on Shale Gas Reporter. This post appeared first on Shale Gas Reporter.
Read More...Alaska’s senators have condemned any potential restrictions from the Biden administration in the ConocoPhillips’ $8 billion Willow oil project. The post Alaska condemns any restrictions on $8B Willow oil project by Biden administration appeared first on Shale Gas Reporter. This post appeared first on Shale Gas Reporter.
Read More...Biden Is the Man with No Plan As Refineries Close Ronald Stein Ambassador for Energy & Infrastructure, Irvine, California .. .… … [Editor’s Note: Joe Biden is the anti-leader, the scarecrow with no voice, plan or understanding, propped up by special interests as supposed President as we self-destruct.] President Joe Biden continues his pursuit of
Read More...Inslee Takes Washington Down Green Path to A Very Dark Place Ronald Stein Ambassador for Energy & Infrastructure, Irvine, California .. .… … [Editor’s Note: Jay Inslee is a governor right out of the urban dandy catalog who imagines being green is brilliant when, in fact, he is leading Washington State into darkness.] Washington State
Read More...Electricity, Oil and Natural Gas: The Lifeblood of Our World Ronald Stein Ambassador for Energy & Infrastructure, Irvine, California .. .… … [Editor’s Note: The modern world we take for granted depends, for its life, on electricity, oil and natural gas and ignoring that fact could propel us backward at high speed.] The few wealthy
Read More...Newsom Energy Policies Moving Californians Anywhere Else! Ronald Stein Ambassador for Energy & Infrastructure, Irvine, California .. .… … [Editor’s Note: Gavin Newsom and his politically correct energy policies are exploding prices and leading to an exodus from the Golden State to anywhere else but California.] Despite Newsom’s statewide policy decisions that are driving up costs
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