The United States is increasingly meeting its own energy needs thanks to American natural gas, new federal data show. Ninety percent of the natural gas used in the United States last year was produced here, according to the Energy Information Administration. For the first time since 1966, the nation experienced back-to-back years where dry natural
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...The United States – currently the third largest exporter of liquefied natural gas – will surpass Australia and Qatar to become the world’s largest exporter of LNG within five years, according to a recent International Energy Agency report. The United States Will Continue to Rapidly Grow Its LNG Exports. The United States exported nearly 1.6
Read More...In April 2019, Venezuela’s crude oil production averaged 830,000 barrels per day, down from 1.2 million barrels per day (Mmbpd) at the beginning of the year, according to the Energy Information Administration. Last month’s average is the lowest level since January 2003, when a nationwide strike and civil unrest largely brought the operations of Venezuela’s
Read More...Surging production that made 2018 a banner year for U.S. oil and natural gas is carrying into the new year, data show. Success in shale development across the country spurred natural gas production to hit a new record high in 2018 for the second consecutive year. Meanwhile, oil production continues to outpace 2018’s record highs
Read More...Tom ShepstoneShepstone Management Company, Inc. The shale revolution is just destroying its enemies, with record production of natural gas, growing exports and long desired energy security for the United States. The Energy Information Administration (EIA) is out with stunning statistics on the impacts of the shale revolution. The data is simply overwhelming; the shale revolution
Read More...Natural gas development in the Appalachian Basin continues to reshape the domestic energy landscape, as recent production reports from the region illustrate. New figures released by the Ohio Department of Natural Resources show production in the Buckeye state set a new state record in the latest quarter. Likewise, a recent report out of Texas shows
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