US crude oil production in Feb. was 9.3 million bbls/day, up 14.5% from year earlier Total US petroleum deliveries (a measure of demand) rose 1.5 percent from Feb. 2014 to average 19.3 million bbls/day, according to the American Petroleum Institute. This was the highest February demand since 2008. “Greater demand for gasoline and jet fuel […]
US petroleum consumption reaches 19.3 million barrels/day in February Read More »
Survey represented 60% of American refineries A new survey of American refineries shows the domestic industry has plenty of capacity to handle the growing U.S. oil supply. Veris Consulting conducted the voluntary survey (data was collected Nov.-Dec. 2014) of American Fuel & Petrochemical Manufacturers members and found that refiners have more than enough processing capacity for the increased influx of light
American refineries ready for surge of light sweet crude – survey Read More »
Quicksilver Resources anticipates carrying on normal operations as it restructures Quicksilver Resources Inc. (OTCQB:KWKA) – saddled with $1.35 billion of liabilities, 10 times its cash flow – announced Tuesday that it has filed for chapter 11 bankruptcy protection. The company was unsuccessful at finding investment or a buyer for its assets, which includes unconventional shale reservoirs and
Quicksilver Resources files for bankruptcy, $1.35 billion in liabilities Read More »
Rig counts fell sharply in 2015, EIA forecasts shale production declines beginning in March Shale oil production is forecast to begin declining in three key American field, but continuing to increase in the Permian Basin, according to a new report. The Energy Information Agency’s most recent Drilling Productivity Report indicates a change in the crude oil production
Production falling in key shale fields, rising in Permian Basin Read More »
More than 7,200 natural gas vehicles in Texas, spurs growth of natural gas refuelling stations A new survey shows 130 natural gas fuelling stations operating in Texas, a 25 per cent increase from September 2014. TheRailroad Commission of Texas survey documented 42 additional stations in the planning stages, indicating a steady build-out of natural gas infrastructure in
Natural gas refuelling stations enjoy big increase in Texas Read More »
According to latest US rig count, Texas lost 37 rigs The US rig count fell again last week, but not by as much as Canada, and the international rig count actually increased. Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. fell by 67
US rig count: Fell by 67 last week to 1,125 Read More »
Texas Railroad Commission has nothing to do with trains, everything to do with energy By Ryan Sitton Having served on the Texas Railroad Commission charged with overseeing energy production in Texas for only two months, I recognize that I’m the “new kid on the block.” But people, including legislators, continually ask my opinion about an important
Texas Railroad Commission: Time for a name change? Read More »
Big increase in American energy subsidies to solar power Washington is spending less on American energy subsidies and re-directing more toward the rapidly growing solar industry, according to a new report. The US Energy Information Administration says that between fiscal year 2010 and 2013 the share of tax expenditure in total financial interventions and subsidies declined
American energy subsidies down, oil and gas drop by 20% Read More »
Grants available to Texas counties, cities to switch to natural-gas vehicles if Senate Bill 12 passes Texas government employees may soon be driving natural gas-powered cars and trucks if Senate Bill 12, filed Thursday, is passed, and that makes the Lonestar state a leader in switching to domestic fuels from imported oil, says T. Boone Pickens. A group of
American refinery strike had limited effect on production because of automation The United Steelworkers union has reached an agreement with Shell that could soon lead to the end of a six-week American refinery strike that has affected 12 U.S. facilities. The union and Royal Dutch Shell have been negotiating a contract that would serve as
American refinery strike: Agreement reached with Steelworkers Read More »
