Voluntary efforts to reduce oil and natural gas methane emissions are seeing significant results, according to recently released federal data. Since its inception in 2016, more than 60 companies from all segments of the oil and natural gas industry have voluntarily participated in the U.S. Environmental Protection Agency’s Natural Gas STAR Methane Challenge Program. These
Read More...New Mexico is poised to receive $1.11 billion in revenue from activities on its public lands in fiscal year 2019, according to the New Mexico State Land Office. This is a 30 percent increase over the $852 million generated in FY 2018 – and it’s being driven by the oil and natural gas industry. As
Read More...On the heels of news in April that Texas and New Mexico’s Permian Basin is the highest producing oilfield in the word, we now know that the United States hit another record that same month, thanks in large part to production in that region. U.S. crude oil production reached 12.2 million barrels per day in
Read More...Flaring is a temporary and necessary practice in oil and natural gas production that is used to ensure safety and mitigate emissions. Despite this, the practice has received negative media attention that is often lacking important context. Production companies strive to find innovative ways to reduce the need to flare, and the results of these efforts are clear: U.S.
Read More...Prolific oil and natural gas production – particularly in Eddy and Lea counties that sit atop the Permian Basin – is driving a record-breaking revenue year for New Mexico, according to a recent New Mexico Legislative Finance Committee report. As New Mexico Oil and Gas Association Executive Director Ryan Flynn told EID: “A historic expansion
Read More...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...The United States shattered the previous record for the largest single-year increase in oil and natural gas production in 2018, according to BP’s annual Statistical Review of World Energy. Last year proved to be a truly transformative one for American energy dominance: Although the United States holds less than 4 percent of the world’s oil
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...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...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...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
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