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
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
Read More...Not only have there been no large increases in U.S. methane emissions over the last decade, but previous studies have significantly overestimated these emissions from U.S. oil and natural gas production, according to a new peer-reviewed study from the National Oceanic and Atmospheric Administration. As CIRES research scientist and study lead author Xin Lan told
Read More...A small, fringe group of “Keep It In the Ground” activists spoke out at a government meeting today using worn out tactics to push their campaign to end all oil and natural gas development in Colorado. The stakeholder meeting, the first public meeting hosted by the Colorado Oil & Gas Conservation Commission (COGCC) since the
Read More...Dramatic growth in American energy production has reshaped world energy markets over the past few years. U.S. shale oil – which was the world’s most expensive oil resource a mere four years ago – is now the second most affordable source of new oil supply globally, trailing only the giant onshore oil fields of the
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