By Jeff Barron This article was published by the United States Energy Information Administration on May 10, 2019. Net income for 43 US oil producers totalled $28 billion in 2018, a five-year high. Based on [Read more]
Ethane prices began declining relative to natural gas prices in late 2011 and remained consistently lower than gas between 2013 and 2015 U.S. natural gas plant liquids (NGPL) production has nearly doubled since 2010, outpacing the rate [Read more]
Almost 80% of oil produced in Alaska in 2017 was refined in Washington and California In Dec. 2017, the passage of Public Law 115-97 required the U.S. Secretary of the Interior to establish and administer a competitive [Read more]
Russian and Saudi natural gas production expanded significantly in 2017, at 8% and 6% year-on-year growth The United States remained the world’s top producer of petroleum and natural gas hydrocarbons in 2017, reaching a record [Read more]
Greater GDP growth has potential to increase oil consumption beyond forecasted levels, putting upward pressure on crude oil prices EIA’s May Short-Term Energy Outlook (STEO) forecasts that Brent crude oil prices will average $71 per barrel (b) [Read more]
As rig counts recover from decreases during 2015 and 2016, producers have increasingly targeted Permian Basin in West Texas US tight crude oil production increased in 2017, accounting for 54% of total U.S. crude oil [Read more]
Declining profit margins, reduced expectations for quick price recovery prompted many GOM operators to reduce deepwater exploration spending in 2015, 2016 U.S. crude oil production in the Federal Gulf of Mexico (GOM) increased slightly in [Read more]
Permian Basin spans 53 million acres across western Texas and southeastern New Mexico Recent growth in U.S. crude oil production has been primarily light, sweet crude oil, defined as having an API gravity of 35 [Read more]
Production levels in Colorado, Oklahoma, North Dakota each grew by more than 30,000 b/d from 2016 to 2017 Annual average U.S. crude oil production reached 9.3 million barrels per day (b/d) in 2017, an increase [Read more]
Texas Railroad Commission values show production at 2.99 million b/d in that same month Crude oil and lease condensate production data for Texas, published by EIA in its Petroleum Supply Monthly (PSM) and by the Texas Railroad Commission (TRRC), [Read more]
As the U.S. has produced more natural gas, pipeline imports from Canada have decreased The United States exported more natural gas than it imported in 2017, marking the first time since 1957 that the United [Read more]
Outages from wildfires in Alberta, Canada and militancy in Nigeria slowed the decline in Venezuela’s exports Venezuela’s crude oil production has been on a downward trend for two decades, but it has experienced significant decreases [Read more]
After several years of declines, coal production and employment increased in 2017 Coal mining productivity in the United States increased 26% over the past five years, reaching 6.8 tons per miner hour in 2017, up [Read more]
After 2030, as oil prices continue to increase, more investment in resources expected to result in increased production Upstream investment in crude oil and liquids production is highly sensitive to crude oil prices, particularly production [Read more]
Natural gas imports accounted for 40% of Chinese gas use , and LNG made up over 50% of imports China surpassed South Korea to become the world’s second-largest importer of liquefied natural gas (LNG) in [Read more]
Tight oil estimated to make up 77% of total US production by 2050 EIA’s recently released Annual Energy Outlook 2018 (AEO2018) Reference case projects that U.S. tight oil production will generally increase through the early 2040s, when [Read more]
US ethane exports on Utopia pipeline that crosses into Canada near Detroit Over the next two years, EIA’s Short-Term Energy Outlook (STEO) projects growth in U.S. consumption of ethane in the petrochemical industry will exceed increases in consumption [Read more]
US coal production increases are in part to bankruptcy-caused restructuring of several major coal producers The EIA expects total 2017 U.S. coal production to be 773 million short tons (MMst), 45 MMst higher than in [Read more]
Production continued to increase through price fluctuations in Bakken and Permian basins U.S. crude oil production reached 10.038 million barrels per day (b/d) in Nov. 2017, according to EIA’s latest Petroleum Supply Monthly. Nov. production is [Read more]
Growth in Permian Basin projected to associated natural gas production, national output reaches 4.6 million b/d by 1019 In its Jan. 2018 Short-Term Energy Outlook (STEO), the EIA forecasts that total fossil fuels production in the United [Read more]
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