Thanks to the shale revolution, the United States will account for almost a quarter of global oil and natural gas production by the early 2030s, according to the head of Rystad Energy. This rising global footprint comes from continued innovation by American energy companies, which allows them to optimize operations and extract oil and natural
Read More...Horizontally drilled wells now account for 96 percent of U.S. oil production from shale formations, as well as about 97 percent of shale gas production – up from 15 percent and 14 percent, respectively, in 2004 – according to a report from the U.S. Energy Information Administration. Horizontal drilling, used in conjunction with hydraulic fracturing
Read More...Former New York City mayor Michael Bloomberg recently announced that he is “shooting for the moon” and spending $500 million “to close every coal-fired power plant in the United States and halt the growth of natural gas,” through a Beyond Carbon campaign led by the Sierra Club. But the proposal is out-of-touch with reality and
Read More...The United States – currently the third largest exporter of liquefied natural gas – will surpass Australia and Qatar to become the world’s largest exporter of LNG within five years, according to a recent International Energy Agency report. The United States Will Continue to Rapidly Grow Its LNG Exports. The United States exported nearly 1.6
Read More...A growing trend of oil and gas industry visitors is sparking increased tourism offerings in Belmont County, Ohio, according to local officials. The Herald-Star recently reported that an energy industry expo at the Ohio Valley Mall in April was a “chance to popularize tourism sites in the county,” and that the area expects even more
Read More...“Keep It In the Ground” activists have zeroed in on pipeline infrastructure in recent years for activities that risk danger to people and the environment while causing costly construction delays. In response, the U.S. government and multiple states have proposed or passed legislation to address the significant safety concerns created by these activists’ actions. Most
Read More...Environmental activists who have cheered the ongoing power transition in the United Kingdom — which went a record 18 days and 6 hours of powering its electric grid without using coal — are overlooking an inconvenient fact for their cause. The UK was able to maintain its grid stability by increasing its use of natural
Read More...The activist who wrote a 2012 memo encouraging anti-fracking groups to connect health problems and fracking even when no evidence existed to support the claims recently co-authored a report admitting that the vast majority of scientific research shows no harmful air pollutants near oil and natural gas sites. As the report explains, “Air pollution near
Read More...Louisiana is a key player in producing and refining America’s oil and natural gas resources, and as such has been the target of “Keep It In the Ground” activism that has particularly focused on an important piece of critical infrastructure: pipelines. Recently, the national interest groups Center for Constitutional Rights and 350.org joined with at
Read More...The United States is experiencing record-breaking oil and natural gas production, led by America’s independent oil and natural gas producers, according to a new IHS Markit report. The report, which was commissioned by the Independent Petroleum Association of America, finds that these independent producers – companies that do not have midstream or refining operations –
Read More...American shale production continues to dramatically reshape world energy markets—not only by lowering prices, but also by ensuring price stability, according to a new report by the Dallas Federal Reserve. From the report: “The oil price that companies need to profitably drill new wells has closely tracked prices for long-dated oil futures in recent years.
Read More...Xcel Energy, the largest utility provider in Colorado, acknowledged this week that it will need to use natural gas to hit its zero-emissions goals by 2050. The disclosure comes just six months after Xcel announced its ambitious emissions reduction plan that Gov. Jared Polis touted in his effort to move the state purely to renewable
Read More...Recent reports show that the U.S. oil and natural gas industry is driving energy sector job growth and creating opportunities that offer some of the highest wages of any sector. This incredible growth requires a well-trained workforce to fill the vast array of diverse positions – a challenge that is being met head on in
Read More...New Mexico taxpayers saved more than $1,100 per household last year thanks to oil and natural gas development and other economic activity on state trust lands, according to a new report by New Mexicans for Economic Prosperity (NM4EP). State trust lands generated a record $851.9 million in revenue for the state, contributing to more than
Read More...A newly-reorganized Colorado Oil & Gas Conservation Commission (COGCC) held another meeting today as they continue the rulemaking process for the recently passed oil and gas legislation. The meeting started with the introduction of new commissioners that were appointed by Governor Jared Polis last week. The commissioners come from a diverse array of backgrounds and
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