Natural gas impact fees to hit record high in Pennsylvania

Pennsylvania natural gas impact fees are expected to set a new record this year, driven by rising prices and more drilling. The post Natural gas impact fees to hit record high in Pennsylvania appeared first on Shale Gas Reporter. This post appeared first on Shale Gas Reporter.

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US rig count falls to 768 for week ended Oct. 28

The U.S. oil and natural gas rig count fell three units to 768 on declines in both oil- and natural gas-directed drilling during the week ended Oct. 28. The post US rig count falls to 768 for week ended Oct. 28 appeared first on Shale Gas Reporter. This post appeared first on Shale Gas Reporter.

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EIA: US crude inventories up 2.6 million bbl for week ended Oct. 21

U.S. crude oil inventories increased by 2.6 million bbl week-over-week, excluding the Strategic Petroleum Reserve, for the week ended Oct. 21. The post EIA: US crude inventories up 2.6 million bbl for week ended Oct. 21 appeared first on Shale Gas Reporter. This post appeared first on Shale Gas Reporter.

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FERC: Natural gas prices will be higher than recent years this winter

The Federal Energy Regulatory Commission said natural gas prices at major U.S. trading hubs are expected to remain higher than in recent years this winter. The post FERC: Natural gas prices will be higher than recent years this winter appeared first on Shale Gas Reporter. This post appeared first on Shale Gas Reporter.

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Biden releases 15 million barrels of oil from US strategic reserve

President Biden will release 15 million barrels of oil from the U.S. strategic reserve and consider additional withdrawals this winter. The post Biden releases 15 million barrels of oil from US strategic reserve appeared first on Shale Gas Reporter. This post appeared first on Shale Gas Reporter.

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EIA: Drilled but uncompleted well count continues declining in US

The EIA reported the least amount of drilled but uncompleted wells across the United States since the agency started tracking that metric in October 2013. The post EIA: Drilled but uncompleted well count continues declining in US appeared first on Shale Gas Reporter. This post appeared first on Shale Gas Reporter.

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OPEC Plus cuts oil production by 2 million barrels a day

Last week Saudi Arabia and Russia, acting as leaders of OPEC Plus, agreed to cut oil production by 2 million barrels per day. The post OPEC Plus cuts oil production by 2 million barrels a day appeared first on Shale Gas Reporter. This post appeared first on Shale Gas Reporter.

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