Tag: 2016

Global upstream oil and gas investment falls 25% in 2016, modest rebound in 2017 – IEA

Global upstream oil and gas investment falls 25% in 2016, modest rebound in 2017 – IEA

  Rapidly growing economies of Southeast Asia represent over 4% of global energy investment Total energy investment worldwide in 2016 was just over $1.7 trillion, accounting for 2.2 per cent of global GDP, according to the International Energy Agency(IEA). Investment was down by 12 per cent compared to IEA’s revised 2015 energy investment estimate of […]

By November 23, 2017 0 Comments Read More →
Report shows Marcellus production skyrocketing despite fewer wells

Report shows Marcellus production skyrocketing despite fewer wells

Pennsylvania production was roughly 378.9% less natural gas than 2016 By Nicole Jacobs, EnergyInDepth The Pennsylvania Department of Environmental Protection (DEP) released its annual oil and gas report this week, and it is chock full of great news for the Commonwealth. Not only is production skyrocketing despite a decrease in new shale well permits, the […]

Biggest clean energy technology advances in 2016

Biggest clean energy technology advances in 2016

2016 was a big year for advances in clean energy technology Clean energy made critical strides in 2016. The Paris Climate accords went into effect, the price of solar installations continued to drop, investments in renewable energy soared, offshore wind finally got under way in the United States, and scientists made a series of technical […]

By February 19, 2017 0 Comments Read More →
Texas drilling, completions statistics for December 2016

Texas drilling, completions statistics for December 2016

Texas rig count as of Jan. 6 was 327, representing 49% of all active rigs in US AUSTIN –The Railroad Commission of Texas issued a total of 1,009 original drilling permits in Dec. 2016 compared to 727 in Dec. 2015. The Dec. total included 909 permits to drill new oil or gas wells, 17 to […]

By January 11, 2017 0 Comments Read More →
US 2016 coal production declines, prices below 2015 level

US 2016 coal production declines, prices below 2015 level

US coal production in 2016 is expected to total 743 million short tons (MMst), 17 per cent lower than in 2015, and the lowest level since 1978, according to the US Energy Information Administration. Falling production in 2016 continues an eight-year decline from peak production in 2008. Production in all major coal regions fell by at […]

By January 9, 2017 0 Comments Read More →
Annual US natural gas production declines first time in 11 Years – IHS Markit

Annual US natural gas production declines first time in 11 Years – IHS Markit

2016 natural gas production ends with first annual decline since start of the shale revolution The 2016 annual gas production average for the US lower-48 states fell for the first time in 11 years—since the shale revolution began—according to analysis from IHS Markit. IHS Markit said US natural gas production averaged 72.1 billion cubic feet […]

By January 6, 2017 0 Comments Read More →
7 biggest shale oil and gas story lines of 2016

7 biggest shale oil and gas story lines of 2016

Activists made it clear pipelines will be  major focus to prevent future oil and gas development By  Nicole Jacobs, EnergyInDepth This year has been an exciting one for shale oil and gas development. And with 2016 winding down, Energy In Depth decided to reflect on some of the biggest energy developments and storylines of this […]

By December 30, 2016 0 Comments Read More →
Texas oil and gas production statistics for October 2016

Texas oil and gas production statistics for October 2016

Texas production in October came from 181,637 oil wells, 91,812 gas wells Production for Oct. 2016 as reported to the Railroad Commission of Texas is 73,565,318 barrels of crude oil and 582,136,569 mcf (thousand cubic feet) of total gas from oil and gas wells. These preliminary figures are based on production volumes reported by operators […]

By December 28, 2016 0 Comments Read More →
Texas drilling permits, completions statistics for Nov. 2016

Texas drilling permits, completions statistics for Nov. 2016

Texas rig count as of Dec. 2 was 286, representing about 48% of all active rigs in the US AUSTIN – The Railroad Commission of Texas issued a total of 673 original drilling permits in Nov. 2016 compared to 687 in Nov. 2015. The Nov. total included 581 permits to drill new oil or gas wells, […]

By December 10, 2016 0 Comments Read More →
OPEC crude oil production hit new record of 33.86 million b/d in Nov.

OPEC crude oil production hit new record of 33.86 million b/d in Nov.

OPEC production up 320,000 barrels per day from Oct.; sixth consecutive monthly increase Oil production from the Organization of the Petroleum Exporting Countries (OPEC) for Nov. rose for the sixth straight month to a record 33.86 million b/d, according to a survey of OPEC and oil industry officials by S&P Global Platts. OPEC crude output […]

By December 9, 2016 0 Comments Read More →