Industry News

US Shale Oil Production To Rise To Record In February

date January 22, 2019
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US Shale Oil Production To Rise To Record In February

Reuters | Staff Crude-oil production from seven major U.S. shale plays is forecast to climb by nearly 63,000 barrels a day in February, according to a report from the EIA released Tuesday. U.S. oil output […]

US oil and gas firms are ready to spend as confidence grows, survey says

date January 21, 2019
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US oil and gas firms are ready to spend as confidence grows, survey says

CNBC | David Reid Around the world, confidence is growing in the oil and gas sector, U.S. executives are particularly bullish on prospects for 2019. Executives in the U.S. oil and gas industry are said […]

API has projected continued growth of U.S. energy as the world leader verified by fourth-quarter natural gas, oil data

date January 20, 2019
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API has projected continued growth of U.S. energy as the world leader verified by fourth-quarter natural gas, oil data

World Oil | Staff The U.S. will continue to gain ground as the world leader in the production and refining of natural gas and oil, according to API. Estimated total natural gas and oil well […]

2019 US Oil Output to Average 12MM Barrels Per Day

date January 16, 2019
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2019 US Oil Output to Average 12MM Barrels Per Day

Rigzone | Andreas Exarheas Already the largest oil and gas producer in the world, the United States is expected to ramp up oil production more than any other nation in the coming decades. U.S. crude […]

U.S. oil output to rise to 12.9 million bpd in 2020: EIA

date January 15, 2019
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U.S. oil output to rise to 12.9 million bpd in 2020: EIA

Reuters | Jessica Resnick-Ault The United States has become the world’s largest crude producer, boosted by output from shale formations. Crude oil output from the United States is expected to rise to a new record […]

The US gas journey, from rigs to riches

date November 28, 2018
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The US gas journey, from rigs to riches

Deutsche Welle | Jo Harper The U.S. is emerging as the world’s natural gas powerhouse as U.S. gas production continues growing at an astounding rate.   Energy experts predicted in 2005 that the US would […]

U.S. could become net exporter of petroleum by 2022

date November 23, 2018
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U.S. could become net exporter of petroleum by 2022

Midland Reporter-Telegram | Rye Druzin Driven by record-breaking oil production, the U.S. is expected to become a net exporter of petroleum by 2022. The United States could become a net exporter of petroleum in less […]

US Crude Oil Production Jumps To New Record In August

date October 31, 2018
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US Crude Oil Production Jumps To New Record In August

Oil and Gas Investor | Staff The EIA reported surging production levels of crude oil and natural gas production in August 2018, with Texas posting a record high of 24.9 Bcf/d in natural gas production. […]

Eagle Ford Shale-A-Bration held at Hanger 9

date October 31, 2018
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Eagle Ford Shale-A-Bration held at Hanger 9

Pleasanton Express | Leon Zabava Industry leaders acknowledged the Eagle Ford shale’s significant impact throughout South Texas communities, noting the growth it has brought to schools, parks, and infrastructure. On Friday, October 19, an Eagle […]

Happy 10th Anniversary to the Eagle Ford Shale

date October 23, 2018
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Happy 10th Anniversary to the Eagle Ford Shale

Hellenic Shipping News | Staff A decade ago, the discovery of the Eagle Ford began a revolution that transformed the U.S. oil and gas industry. On Friday, Secretary of Energy and former Texas Governor Rick […]