This event ushered in an environmental disaster that is now regarded as the second largest in US history, after the 1930's Dust Bowl tragedy, with significant economic consequencesthat are still impacting BP and the wider oil and gas industry as more stringent regulations come into force. The ...
As airborne methane surveys of oil and gas systems continue to discover large emissions that are missing from official estimates1–4, the true scope of methane emissions from energy production has yet to be quantified. We integrate approximately one mill
US shale oil production grew by 1.5 million bo/d last year to over 6.8 million bo/d, as is visible in the graph above. Although preliminary data has the first few months of 2019 down a little, I expect that March set another record, after revisions.
That is significant, considering privately held operators may now be more important than ever before. While publicly traded oil producers likeExxon and Chevron are shouldering increasing ESG pressure from shareholders, privately-held firms nowcontrol 59% of the nearly 600 active US oil and gas rigs,...
BILLINGS, Mont. (AP) — The Biden administration said Tuesday that it will deliver an interim report on its suspension of oil and gas sales from federal lands and waters by summer, but officials declined to state how long the moratorium could remain in p
The GOP tax bill is huge for the US oil and gas industryNick Cunningham
The US total oil and natural gas rig count remained virtually flat for the third week at 855, even as an analysis of data from S&P Global Commodity Insights Jan. 26 showed a sizable drop with the previous week's numbers which later were revised upward. The week ended Jan. 25 technically...
The US oil and gas market offers something that virtually no other market in the world does – easy entry for non-traditional investors, who are helping to bolster the capital available for much-needed infrastructure buildout. The US oil and gas market i
The oil and gas rig count, an early indicator of future output, fell by two to 586 in the week to Aug. 16. Baker Hughes said that puts the total rig count down 56, or 8.7% below this time last year. Baker Hughes said oil rigs fell by two to 483 this week, while gas rigs r...
The US is an emerging supplier on the international energy market with sufficient oil and gas supplies. It has achieved energy independence after the subprime mortgage crisis.Meanwhile, China sees a large energy demand to keep up with its rapidly developing economy. However, its domestic energy ...