US production of fuel ethanol is forecast to reach 15.1 billion gallons (982,000 b/d) in 2016 Fuel ethanol production capacity in the US was nearly 15 billion gallons per year, or 973,000 b/d, at the beginning of 2016, according to EIA’s most recent U.S. Fuel Ethanol Plant Production Capacity report. Total capacity of operable ethanol plants […]
US ethanol plant capacity increases for 3rd consecutive year Read More »
Purchase price of Permian Basin acreage is $980 million and the seller is Rock Oil Holdings LLC DENVER – SM Energy Company has announced a purchase agreement to acquire 24,783 net acres in Howard County, West Texas, expanding the company’s Midland Basin footprint to approximately 46,750 net acres. The acquired acreage position is largely contiguous and
SM Energy acquires 24,783 Permian Basin net acres Read More »
Chesapeake is focusing its capital in the Haynesville, where it’s running three rigs, with hopes to have 140 wells online by 2017 If a long-rumoured sale of Chesapeake Energy’s Barnett Shale assets comes to fruition, thousands of producing Texas wells could change hands to the tune of US$1.4 billion, according to Wood Mackenzie. Wood Mackenzie’s Lower 48
Chesapeake Energy rumoured to be selling Barnett Shale position Read More »
New-well oil production per rig in 2016 has been more than twice its 2013 level in areas such as the Bakken, Eagle Ford, and Permian Despite increases in crude oil prices since the start of the year, employment in oil and natural gas extraction and support activities continued declining from levels reached in the fall
Oil, natural gas production jobs in May were 26% lower than in Oct. 2014 Read More »
Report confirms EPA’s findings fracking does not have “widespread, systemic impact” on water supplies in Pennsylvania By Matt Mandel, EnergyInDepth While oil and natural gas companies may be grappling with the effects of current commodity prices, Pennsylvania natural gas producers have proven to be astonishingly resilient, producing a record 4.6 trillion cubic feet of the
Pennsylvania natural gas production hits record high in 2015 Read More »
Since 2012, the US has built extensive capacity to use or export natural gas plant liquids Natural gas plant liquids (NGPL) accounted for 22 per cent of total US petroleum and other liquid fuels production in 2015. In EIA’s Annual Energy Outlook 2016 (AEO2016) Reference case, increases in NGPL account for a significant share of total increases in
Future natural gas plant liquids production depends on resources, market conditions Read More »
Website enables users to track relationship between gasoline, distillate prices, inventory levels The US Energy Information Administration recently released the What Drives Petroleum Product Prices website that identifies and tracks several fundamental and financial market factors that influence spot and futures prices of gasoline and distillate, the two most consumed petroleum products in the US. This
New EIA website spotlights key drivers of petroleum product prices Read More »
Production share of stripper gas wells remained relatively constant over 25 years, rising from 10% in 1991 to 15% in 2006–09 Stripper wells, also known as marginal wells, individually produce small volumes of natural gas or oil but in aggregate have provided 11 per cent to 15 per cent of total US oil and natural gas production over the
Stripper wells accounted for 11% of U.S. natural gas production in 2015 Read More »
Texas May production came from 185,190 oil wells and 93,622 gas wells AUSTIN – Production for May reported by Railroad Commission of Texas is 73,131,246 barrels of crude oil and 600,746,804 mcf of total gas from oil and gas wells. The preliminary figures are based on production volumes reported by operators and will be updated as late
Texas oil and gas production statistics for May 2016 Read More »
Industry’s smarter capital allocation, efforts to rework projects to reduce costs, starting to pay off HOUSTON – Wood Mackenzie’s recent analysis of corporation in the oil and gas sector shows the industry has a strong ‘survival’ reflex, measured by dramatically tighter cash flow management. “This is some achievement given the majority needed over US$90 a barrel in 2014,”
Q2 results: looking for signs of an oil and gas industry adapting – Wood Mackenzie Read More »
