October marked the 20th anniversary since the first Marcellus Shale well was drilled in Pennsylvania in 2004. Like Pennsylvania’s Drake Well, which launched commercial oil drilling across the world in 1859, Range Resource’s Renz #1 has been a game-changer for the Commonwealth and the United States. As Jeff Kotula, president of the Washington County Chamber of
Read More...As winter sets in and temperatures start to drop, new government data show that natural gas heating will continue to be the most affordable option to keep families warm. The Energy Information Administration’s Winter Fuels report forecasts that most households in the United States will pay about the same amount on heating as they did
Read More...Click here for a shareable sheet on how the court’s decision on the National Marine Fisheries Service’s Biological Opinion (BiOp) could impact US energy production. In August 2024, a U.S. district court ruled in favor of environmental groups in a pivotal court case for energy production in the Gulf of Mexico. The ruling in this
Read More...A recent Information Technology and Innovation Foundation (ITIF) report underscores a crucial but often overlooked fact: achieving a reliable and affordable energy evolution means embracing a diverse energy mix, and natural gas is the key to making it work. According to ITIF natural gas will play an essential role in supporting the growth of renewable
Read More...The Matterhorn Express Pipeline, due to begin service in September, will significantly increase natural gas pipeline capacity in the Permian Basin, according to a new analysis from the U.S. Energy Information Administration. This new capacity will be able to transport natural gas currently “locked up” in the Waha region to domestic and international customers, and
Read More...The International Gas Union’s Global Gas Report 2024 shines a spotlight on a critical issue: a significant lack of investment in natural gas production and infrastructure, all while global demand for gas is expected to rise steadily over the next decade. According to IGU’s report, global gas demand in 2023 increased by 59 billion cubic
Read More...The U.K.’s new chancellor, Rachell Reeves, recently announced that the windfall tax (formally known as the Energy Profits Levy) will be increased to 38 percent (up from 35 percent) on November 1, bringing the rate of tax on upstream oil and gas activities to 78 percent. The tax will also be extended to 31 March
Read More...As the now-presumptive Democratic nominee for president, Vice President Kamala Harris is already attempting to walk back her past anti-energy rhetoric to win over voters in energy-producing states like Pennsylvania. Most recently, Harris’ campaign reversed her antagonistic stance towards fracking – which she made on the record repeatedly as a candidate herself – stating that she does not support a nationwide ban on
Read More...Senior Climate Adviser to the White House, John Podesta, praised the oil and gas industry and defended its continued development in recent comments to the Guardian: “The US is now the number one producer of oil and gas in the world, the number one exporter of natural gas, and that’s a good thing, because following
Read More...Since 2013, the country’s largest wholesale electricity market has doubled its natural gas combined-cycle plant capacity, sharply lowering the country’s emissions and energy costs, according to new data from the Energy Information Administration (EIA). “Use of the coal fleet in PJM, the country’s largest wholesale electricity market, has fallen over the last decade, driven largely
Read More...Although natural gas production rose by 40 percent from 2015 to 2022, methane emissions simultaneously fell by 37 percent, according to an analysis by environmental groups Ceres and the Clean Air Task Force (CATF) using Environmental Protection Agency data. The report also states that overall greenhouse gas emissions fell by 14 percent while methane and
Read More...Ahead of the two-year anniversary of the implementation of the United Kingdom’s windfall tax, Energy in Depth examines its continued negative impact on the North Sea oil and gas sector. As EID has previously discussed, the windfall tax (formally known as the Energy Profits Levy) was introduced in May 2022 and increased from its
Read More...As the tech industry invests more heavily in data centers for the growing Artificial Intelligence (AI) market, natural gas will be essential to meet surging electricity demand. According to Wells Fargo, electricity demand is forecast to grow as much as 20 percent by 2030 due to the rise in AI. The oil and natural gas
Read More...Natural gas is responsible for the majority of reductions in carbon dioxide emissions from the power sector, according to the Energy Information Administration’s 2023 U.S. Energy-Related Carbon Dioxide Emissions report. The data once again demonstrates the critical role natural gas plays in reducing U.S. CO2 emissions. Read the full post on EIDClimate.org. The post EIA:
Read More...Last week at the World Energy Congress, a global event hosting thousands of the world’s most important energy stakeholders in the Netherlands, executives, experts, and diplomats all repeated the same message: the world needs to lower carbon emissions without compromising the supply of oil and natural gas. Whilst oil and natural gas is diversifying, millions
Read More...