Oil, Natural Gas Proved Reserves Increased In 2016 2018 January-February Alex Mills Contributors 

Oil, Natural Gas Proved Reserves Increased In 2016

Proved reserves of onshore crude oil and natural gas in the U.S. increased in 2016, according to a report issued this week by the Energy Information Administration (EIA). Crude oil proved reserves increased 3 percent and natural gas rose 5 percent compared to 2015, EIA stated. Proved reserves are estimated volumes of hydrocarbon resources that analysis of geologic and engineering... Read More
U.S. Oil Production Exceeds 10 Million Barrels Per Day 2018 January-February Alex Mills Contributors Texas Upstream 

U.S. Oil Production Exceeds 10 Million Barrels Per Day

Just two days after President Trump proclaimed the end of the federal government’s war on energy produced in the U.S., the Department of Energy’s Energy Information Administration announced domestic crude oil production has reached record levels. He also boasted about his aggressive deregulation agenda during his State of the Union address to a joint session of Congress  Tuesday. “We have en...... Read More
Natural Gas Consumption Sets Record 2018 January-February Alex Mills Contributors Louisiana 

Natural Gas Consumption Sets Record

The natural gas industry received a gold star for performance during the recent cold weather across a large portion of the United States. The Energy Information Administration (EIA) reported recently consumption of natural gas in the residential and commercial sectors set a record for the week ending on Jan. 5. EIA said consumption reached 452 billion cubic feet (Bcf) compared... Read More
U.S. Becomes ‘Undisputed Leader’ In Oil Production 2018 January-February Alex Mills Contributors 

U.S. Becomes ‘Undisputed Leader’ In Oil Production

President Trump talks about an “energy renaissance” in the United States.  Recent news of increased oil and natural gas exports from the U.S. and production reaching historic levels have caught the attention of other world leaders, too. Fatih Birol, executive director for the International Energy Agency (IEA), told attendees at a conference at the Center for Strategic and International Studies... Read More
2018 January-February Alex Mills Contributors Downstream Midstream 

Petroleum Demand Increases Firms Prices

Crude oil and natural gas prices continue to gain strength on news of increased demand. Oil futures on NYMEX for February delivery closed Wednesday at $63.57 per barrel its highest mark since Dec. 9, 2014.  Natural gas for distribution at Henry Hub in Louisiana closed at $2.906 Wednesday. The Energy Information Administration (EIA) reported that oil inventories declined again last... Read More
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