Amidst attacks on U.S. energy production and continued global instability, the U.S. oil and natural gas industry managed to not only meet but exceed expectations in 2023. The industry broke production records and supplied critical energy resources at home and abroad, all while reducing methane emissions. Oil and Gas Industry Continues to Innovate Amid Record
Read More...Natural Gas – 100 Years Ago Today, March 24, 1923! 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...With a war in Europe, economies recovering from COVID-19, and an ongoing global energy crisis, the U.S. oil and natural gas industry met the moment in 2022, increasing production to record highs to meet the demand of American consumers and businesses, as well as our allies abroad. As 2022 comes to an end, here are
Read More...Natural Gas – 100 Years Ago Today, September 16, 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...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. Warren Buffet Funds Fractivists: It’s All About His Money This is nothing new as we explained here, here and here, but
Read More...ConocoPhillips has reported a third quarter 2020 net loss of $450 million or 42 cents per share, Kallanish Energy reports. That compares to 3Q 2019 net earnings of $3.1 billion or $2.74 per share. Third quarter 2020 adjusted earnings were a loss of $300 million or 31 cents a share, compared with 3Q 2019 adjusted
Read More...Antero Resources reported a net loss of $536 million or $1.99 per diluted share in the third quarter 202, Kallanish Energy reports. That compares to a net loss of $879 million or $2.86 per share in the 3Q 2019. The loss was driven by a $749 million unrealized commodity hedge fair value loss as a
Read More...Antero Resources has reported a GAAP net loss of $463 million or $1.73 per share in the second quarter 2020, Kallanish Energy reports. That compares to a net income of $42 million or 14 cents per share in 2Q 2019. The company has not curtailed any prediction due to the coronavirus pandemic and resulting low
Read More...U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) for the week ended Feb. 7, increased by 7.46 million barrels (Mmbbl) from the previous week, the Energy Information Administration reported Wednesday. At 442.47 Mmbbl, U.S. crude oil inventories are roughly 2% below the five-year average for early February, Kallanish Energy reports. U.S.
Read More...The Henry Hub natural gas spot price averaged $2.56 per million British thermal units (MMBtu) in September, up 34 cents/MMBtu from August, the first monthly price increase since March, the Energy Information Administration reports in the just-released Short-Term Energy Outlook (STEO). EIA/STEO forecasts Henry Hub prices to average $2.43/MMBtu in the fourth quarter of 2019,
Read More...Crude oil rose slightly Monday, after gaining nearly 7% last week, as lingering concerns over global supplies following the Sept. 14 attack on Saudi oil facilities offset prospects for a faster-than-expected restoration of the kingdom’s output and on signs of European economic weakness. Global benchmark Brent futures were up 40 cents to $64.68 a barrel,
Read More...U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 6.91 million barrels (Mmbbl) during the week ended Sept. 6, from the previous week, the Energy Information Administration reported. The American Petroleum Institute had U.S. crude inventories down 7.2 Mmbbl in the week ended Sept. 6, to 421.9 Mmbbl, compared with analysts’
Read More...The shale industry alone drove 10 percent of the growth in the U.S. economy’s gross domestic product from 2010 to 2015, according to a new study by the Federal Reserve Bank of Dallas showing how oil and natural gas deliver wins for the larger economy. During the same years, crude oil production jumped from 5.5
Read More...Tom ShepstoneNatural Gas NOW … … American oil and gas completely dominated the global energy market in 2018. We’re the king of the hill in oil and in gas with tremendous growth in 2018. Another great article from the Energy Information Administration (EIA) provides ever more proof green energy scammers have been lying to us.
Read More...West Virginia continues to add to the prolific Appalachian Basin’s status as one of the world’s top-producing natural gas regions. [embedded content] For the 10th year in a row, West Virginia set a new oil and natural gas production record, according to the state Department of Environmental Protection. Between 2017 and 2018, natural gas production
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