Texas leads as U.S. become largest oil producer surpassing Saudi Arabia, Russia #OilmanNEWS Alex Mills Contributors Oil and Gas News Texas 

Texas Leads as U.S. Become Largest Oil Producer Surpassing Saudi Arabia, Russia

Increased crude oil production throughout Texas this year has resulted in a huge jump in U.S. oil production. Now, apparently the U.S. has surpassed Saudi Arabia and Russia to become the world’s largest oil producer a feat that would have been thought impossible just 10 years ago. The Energy Information Administration (EIA) at the Department of Energy issued a report… Read More
Natural Gas Becomes Largest Sources Of Electricity Generation #OilmanNEWS Alex Mills Contributors Oil and Gas News 

Natural Gas Becomes Largest Sources Of Electricity Generation

Natural gas has become the major generator of electricity in the U.S. during the past 10 years. The Energy Information Administration (EIA) reports that natural gas became the largest source of electricity in the U.S. in 2016 for the first time. Natural gas generated 1,378,307,000 megawatts compared to 1,239,149,000 for coal. During the past 10 years, natural gas has increased… Read More
#OilmanNEWS Alex Mills Contributors Oil and Gas News 

Crude Oil, Gasoline Prices Rise as Inventories Decline

Global crude oil inventories are down creating upward pressure on crude oil prices around the world. Oil inventories fell 33 million barrels in June, the most recent reporting period that data is available, according to a report from Morgan Stanley. Stocks are well below the five-year range, leaving little buffer in the market for supply disruptions, the report stated. The… Read More
Trump’s EPA Proposal Will Return Regulations To The States #OilmanNEWS Alex Mills Contributors 

Trump’s EPA Proposal Will Return Regulations To The States

The Environmental Protection Agency proposed this week changes to air emission regulations which will allow states to implement “the best system of emission reduction” as required by the Clean Air Act. The proposed regulation would give states three years from the date the rule is finalized to come up with their own plans to cut emissions. The EPA under President… Read More
China Imports Oil and Gas #OilmanNEWS Alex Mills Contributors Oil and Gas News 

China Imports Large Quantities Of Texas Oil And Gas

Even though recent international events may create questions about the future demand for petroleum, the domestic oil and gas industry has experienced robust growth in Texas and throughout the U.S. in 2018. The Energy Information Administration (EIA) at the Department of Energy issued its short-term forecast this week predicting increased crude oil and natural gas production and somewhat stable prices.… Read More
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