If there was any doubt that the U.S. oil and natural gas industry is interested in investing in increasing production on federal lands, it was laid to rest this week: Seventy percent of parcels offered received bids resulting in nearly $22 million during the first onshore sales to take place since early January 2021. That
Read More...Oil and natural gas companies are expanding production activity at a robust pace despite supply chain disruptions and rising costs, according to the most recent Federal Reserve Bank of Dallas survey of energy executives. This quarter’s survey revealed that despite positive top-line numbers, oil and natural gas companies have to navigate several behind-the-scenes challenges to
Read More...The first oil and natural gas federal onshore lease sale in 18 months brought in an incredible nearly $13 million in a single day showing that there is massive interest for investing in increased production. Just over 100 parcels were auctioned today in Wyoming with around 20 more being offered in a second sale tomorrow
Read More...In a letter to Interior Secretary Deb Haaland, a group of Democratic U.S. senators don’t appear to understand the purpose of the five-year outer continental shelf oil and natural gas leasing program that’s required by law. The senators, overwhelmingly representing states with no offshore oil and gas development, are lobbying the administration to leave out
Read More...The past week has been filled with President Joe Biden blundering over gasoline prices and refinery capacity, the Interior Department once again delaying federal lease sales, and a leading Democratic senator calling for tax increases on energy companies. Lost in the shuffle, John Kerry – the U.S. Special Presidential Envoy for Climate – was busy
Read More...If you’re scratching your chin over U.S. energy policy these days, you aren’t alone. The Biden administration has been sending mixed signals for months over how it will shape the future of domestic energy production and consumption. And nowhere has that been more obvious or confusing than in the administration’s rhetoric and actions on oil
Read More...Natural Gas – 100 Years Ago Today, June 10, 1922! Tom Shepstone Shepstone Management Company, Inc. …. …. Natural gas news from a hundred years ago offers great perspective for discussing one of the cleanest sources of energy available then and still today. I thought it might be fun and illuminating to look back 100
Read More...A new analysis by Rystad Energy projected oil production in the Permian Basin to grow by about 900,000 b.d in 2022 and 2023. The post Permian oil output to grow as world market shuns Russian Supply appeared first on Shale Gas Reporter. This post appeared first on Shale Gas Reporter.
Read More...Oil and natural gas is contributing in a big way to help New Mexicans improve education and other public services for its residents. As ABC News recently reported: “Government budgets are booming in New Mexico: Teacher salaries are up, residents can go to an in-state college tuition-free, moms will get medical care for a year
Read More...In an odd turn of events this week, President Biden appeared to do a complete 180 from the previously stated White House position that the administration is using every tool in its toolbox to encourage increased U.S. oil production, as a tool to lower the price at the pump. Let’s hear the president’s seemingly new
Read More...It’s only been a few short years since the United States demonstrated that it can compete in the global oil market, and in fact, quite literally drilled its way to lower gasoline prices. Yet, with gasoline prices once again on the rise, the Biden administration continues to look beyond U.S. borders to OPEC+ to solve
Read More...There is an important and continued role for oil and natural gas parallel to the world implementing policies to increase renewable energy consumption, according to the Energy Information Administration’s 2021 International Energy Outlook. In fact, in its latest IEO, the EIA projects oil and natural gas will represent close to 50 percent of primary global
Read More...oil and gas … …[Editor’s Note: Incredibly, Joe Biden, our White House occupant, is seemingly determined to wipe out our oil and gas even as China wraps its arms around its own energy industry.] While the U.S. government is doing all it can to keep our nation’s fossil fuels in the ground, China is investing
Read More...natural gas now Tom ShepstoneShepstone Management Company, Inc. … … Readers pass along a lot of stuff every week about natural gas, fractivist antics, emissions, renewables, and other news relating to energy. As usual, emphasis is added. Well, well, well… The first thing you notice is the noise – a strange, low-octave hum growing louder
Read More...AmericanEnergy Alliance …. …. [Editor’s Note: The Joe Biden puppeteers and Chinese controllers are clearly aiming to undo American energy independence and, once again, make us dependent on foreign energy.] Last week OPEC+ talks on oil production quotas for member nations stalled and, as a result, oil prices rose. The Biden administration is somewhat concerned
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