Congressional Report: Russia Meddled In Energy Policy 2018 March-April Alex Mills Contributors 

Congressional Report: Russia Meddled In Energy Policy

A Congressional study released Thursday finds that Russia has tried to disrupt U.S. energy markets through extensive use of social media and funding of environmental groups. The House Science, Space, and Technology Committee, under the leadership of Chairman Lamar Smith (R-Texas), released the staff report uncovering Russia’s extensive efforts to influence U.S. energy markets through divisive and inflammatory posts on… Read More
Pioneer Natural Resources 2018 January-February Alex Mills Contributors 

Some Oil Companies Begin Buyback Of Stocks

The oil and gas industry in the United States is unique. It is made up of thousands of companies involved in exploration, production, transportation, refining and marketing of crude oil and natural gas from coast-to-coast and from Canada to Mexico and beyond. Other countries own their oil and gas industry, including members of the Organization of Petroleum Exporting Countries (OPEC).… Read More
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 ended… 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
Oil Price Stability Leads To Increased Activity 2017 November-December Alex Mills Contributors 

Oil Price Stability Leads To Increased Activity

Crude oil prices stabilized in 2017 reversing a decrease in activity that began in November 2014. The Organization of Petroleum Exporting Countries, better known as OPEC, and some other oil-producing countries, such as Russia, agreed to cut oil exports by 1.8 million barrels per day (b/d).  The decline in exports and a rise in demand worldwide were key factors in… Read More
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