Wonder how the Oil Patch impacts the world economy? Dallas Fed is trying to find out

Tuesday, March 20, 2018

Jeff Mosier | Dallas News | March 14, 2018

Texas oil and gas drillers aren't the only ones scrambling to dominate the energy market. The Federal Reserve Bank of Dallas continues to carve out its niche as the energy Fed.

Link to More U.S. LNG Exports Established

Monday, March 19, 2018

Daniel J. Graeber | United Press International | March 15, 2018

March 15 (UPI) -- Improvements to a pipeline system in southern Louisiana will help with U.S. efforts to get liquefied natural gas to the market, TransCanada said.

'Keep It In The Ground' Activists Optimistic Despite Oil Boom

Friday, March 16, 2018

Jeff Brady | NPR | March 16, 2018

The United States oil business is booming and the country could soon be the largest crude oil producer in the world. Despite this record-breaking production, climate change activists campaigning to move away from fossil fuels say they are making progress.

More Than Half of US Oil Rigs Are in the Permian

Friday, March 16, 2018

Trevor Hawes | Midland Record Times | March 5, 2018

The U.S. hit 800 oil rigs this week, more than half of which were in the Permian Basin.

One Texas Shale Oil Play Is Leading The U.S. To Energy Dominance

Friday, March 09, 2018

Michael Bastasch | The Daily Caller | March 5, 2018

The U.S.’s most productive shale oil formation, nestled in western Texas, is on track to double its output in the next five years, according to a new report.

America's Oil Boom Is Fueled By A Tech Boom

Friday, March 09, 2018

Mose Buchele | KUT 90.5 | March 8, 2018

The U.S. is on track to become the world's biggest oil producer, pumping out more crude than at its peak nearly a half-century ago. For decades, few expected such a comeback, and it's all the more remarkable because the price of a barrel of oil is nowhere near what it was during the last, recent boom.

U.S. Will Be the World’s Largest Oil Producer by 2023, Says IEA

Tuesday, March 06, 2018

Sarah Kent, Timothy Puko | Wall Street Journal | March 5, 2018

The U.S. is likely to overtake Russia to become the world’s largest oil producer by 2023, accounting for most of the global growth in petroleum supplies, a top industry monitor said Monday.

U.S. crude production is expected to reach a record of 12.1 million barrels a day in 2023, up from 10.6 million a day this year, said the International Energy Agency, which advises governments and corporations on industry trends. American oil output will surge past Russia, currently the world’s largest crude producer at roughly 11 million barrels a day.

America Just Officially Broke Its 47-Year-Old Oil Production Record

Friday, March 02, 2018

U.S. oil production in November 2017 surpassed the all-time record of 10.044 million barrels per day (b/d) set in 1970, according to the latest data from the U.S. Energy Information Administration (EIA). EIA previously stated that production last November reached 10.038 million b/d – the first time production broke 10 million b/d since 1970 – but has now revised the numbers to 10.058 million b/d, an official record.

Analysis: U.S. Has Already Met 2025 GHG Reduction Target Thanks To Natural Gas

Friday, March 02, 2018

Energy In Depth | February 26, 2018

A new analysis by researchers from Carnegie Mellon University (CMU) finds that the United States has already met the Clean Power Plan’s (CPP) 2025 carbon emission reduction targets “primarily due to natural gas prices and market forces,” according to co-author and CMU professor Paul Fischbeck.

Shale Surge Boosted U.S. Production to Record High in November

Friday, March 02, 2018

Jessica Summers | Houston Chronicle | February 28, 2018

U.S. oil production reached a record high in November as the shale boom puts the nation among the world's biggest suppliers and upends global markets.

Russian Meddling on Social Media Targeted U.S. Energy Industry, Report Says

Thursday, March 01, 2018

Georgia Wells, Timothy Puko | Wall Street Journal | March 1, 2018

A Russian-backed propaganda group used social media in an attempt to disrupt the U.S. energy industry and influence energy policy, according to a new congressional staff report reviewed by The Wall Street Journal.

Gulf Coast LNG Poised to Dominate Global Market

Thursday, March 01, 2018

Katherine Blunt | Houston Chronicle | February 14, 2018

The U.S. is soon expected to become a dominant player in the global market for liquefied natural gas as Gulf Coast companies build massive terminals to serve overseas markets and the federal government considers looser regulations for small-scale exports closer to home.

Texas Oil and Gas Contributed $30 Million Per Day in Taxes and Royalties in 2017

Tuesday, February 27, 2018

A new report from the Texas Oil & Gas Association (TXOGA) finds that oil and natural gas operators in Texas paid roughly $30 million per day in state and local taxes and royalties during the 2017 fiscal year. All told, oil and gas contributed $11 billion in revenue to the state and local governments – an increase of 17 percent from 2016 – thanks to record oil and gas production.  

U.S. To Overtake Russia As Top Oil Producer by 2019 At Latest: IEA

Tuesday, February 27, 2018

Osamu Tsukimori | Reuters | February 26, 2018

TOKYO (Reuters) - The United States will overtake Russia as the world’s biggest oil producer by 2019 at the latest, the International Energy Agency (IEA) said on Tuesday, as the country’s shale oil boom continues to upend global markets.

The Texas Miracle: Only Five Countries Now Produce More Oil Than The Lone Star State

Tuesday, February 27, 2018

Mark J. Perry | American Enterprise Institute | February 9, 2018

There are only five countries in the world that produced more crude oil in October 2017 (most recent month available for EIA international oil production statistics) than the state of Texas (data here): Russia, Saudi Arabia, Iraq, Iran, and Canada. Therefore, if Texas was considered as a separate nation, it would be the world’s sixth-largest oil producer.

Trump Infrastructure Plan Would Speed Up Pipelines

Tuesday, February 20, 2018

Valerie Volcovici | Reuters | February 12, 2018

WASHINGTON - The Trump administration’s infrastructure proposal released on Monday would speed up the permitting of U.S. natural gas pipelines, including by cutting Congress out of the process for allowing them to cross national parks.

Texas Drilling Permits, Completions Rise As Crude Prices Firm

Tuesday, February 13, 2018

Oil & Gas Investor | February 12, 2018

Texas oil and gas producers received 1,166 drilling permits last month, a 21% increase over year-ago levels, the state energy regulator said Feb. 9, after filings surged on the back of higher crude prices.

EIA Expects U.S. Oil Output to Exceed 11 Million Barrels Per Day by Late 2018

Monday, February 12, 2018

Reuters | February 6, 2018

NEW YORK - U.S. oil production is expected to surpass 11 million barrels per day in late 2018, a year earlier than projected last month, the U.S. Energy Information Administration said on Tuesday.

Federal Data Show Dramatic Decline in Methane Emissions from Venting and Flaring

Monday, February 12, 2018

Methane emissions from venting and flaring during petroleum production declined by 40 percent between 2015 and 2016, according to a new draft report from the. U.S. Environmental Protection Agency.

Shale Drives U.S. to Become Net Energy Exporter Earlier than Predicted

Wednesday, February 07, 2018

The U.S. Energy Information Administration (EIA) released its Annual Energy Outlook 2018 today, forecasting significant growth in U.S. oil and natural gas production driven by shale development. In fact, shale development has increased production so substantially that the agency predicts the United States to be a net energy exporter by 2022 – four years earlier than forecast in EIA’s previous Annual Energy Outlook.  

Energy Exports Soar as Fracking Drives Record Production

Friday, February 02, 2018

A new report from the U.S. Energy Information Administration (EIA) found that hydraulically fractured horizontal wells accounted for 69 percent of new oil and gas wells drilled in 2016, up from less than 20 percent in 2008. The report comes as the United States is reaching production and export milestones unseen in decades: crude oil production recently surpassed 10 million barrels per day (b/d) – a 47 year high – while 2017 was the first year since 1957 that the United States was a net natural gas exporter.

U.S. Oil Production Tops 10 Million Barrels A Day for First Time Since 1970

Friday, February 02, 2018

Alison Sider & Lynn Cook | Wall Street Journal | January 31, 2018

U.S. oil production surpassed 10 million barrels a day in November for the first time in nearly 50 years, a milestone that underscores the growing dominance of the U.S. oil industry.

5 Things To Know Before President Trump's First State of the Union

Friday, January 26, 2018

President Trump will give his first State of the Union address on January 30th at 8pm CST. Here are the top five things that you should know before the big speech.

Methane Emissions Drop in Top Oil and Gas Producing Counties in Texas

Thursday, January 25, 2018

Methane emissions are declining in several of Texas’ largest oil and natural gas producing counties, according to a new analysis by Texans for Natural Gas. The analysis is based on data from the U.S. Environmental Protection Agency’s Greenhouse Gas Reporting Program (GHGRP) between the years 2011 and 2016.

U.S. Crude Output Set to Pass Saudis and Rival Russia: Report

Wednesday, January 24, 2018

Ben Geman | Axios | January 19, 2018

The International Energy Agency predicted Friday that the U.S. will surpass Saudi Arabia in crude output this year and will challenge Russia as the world's top producer on the back of "explosive" growth in shale production.