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.

Relentless Growth Could See the U.S. Topple Russia and Saudi Arabia As World’s Largest Oil Producer, IEA Says

Tuesday, January 23, 2018

Sam Meredith | CNBC | January 19, 2018 "This year promises to be a record-setting one for the U.S.," the IEA said in its closely-watched report published Friday The latest monthly report from the IEA comes at a time when crude futures have climbed to highs not seen since the early days of a slump in December 2014 One of the main beneficiaries of OPEC-led production cuts is the producers' major competitor, U.S. shale oil. U.S. oil producers are staging a dramatic comeback amid a recovering oil price that has allowed many of them to restart operations.

What Makes Natural Gas Naturally Cheap, and Why Texans Should Watch the Price

Monday, January 22, 2018

Laurie Joseph & Jeff Mosier | Dallas News | January 16, 2018 There were concerns that the nation's new role as a natural gas exporter (much of that to Mexico) would cause price spikes.

U.S. Oil Industry Set to Break Record, Upend Global Trade

Tuesday, January 16, 2018

Liz Hampton | Reuters | January 16, 2018 HOUSTON (Reuters) - Surging shale production is poised to push U.S. oil output to more than 10 million barrels per day - toppling a record set in 1970 and crossing a threshold few could have imagined even a decade ago.

Trump Administration’s Offshore Oil Proposal Could Unlock 65 Billion Barrels Of Oil Equivalent

Monday, January 15, 2018

Oil & Gas Investor | January 11, 2018 The Trump administration’s proposal to open up almost all of U.S. offshore waters to oil and gas drilling could unlock up to 65 billion barrels of oil equivalent (Bboe), attracting billions of dollars in investment, consultancy Rystad Energy said on Jan. 10.

American Oil Drillers' Output Could Top Saudi Arabia and Rival Russia by 2019

Friday, January 12, 2018

Tom DiChristopher | CNBC | January 9, 2018 U.S. oil production will average 10.8 million barrels a day in 2019, according to the Energy Information Administration, a level that will rival top producers Saudi Arabia and Russia. EIA sees America's output at 10.3 million barrels a day this year, the highest annual average on record. EIA forecasts U.S. crude prices will average $52.77 this year, well below the current price near $63 a barrel.

U.S. Becomes a Net Gas Exporter for the First Time in 60 Years

Thursday, January 11, 2018

Naureen S. Malik | Bloomberg Markets | January 10, 2018 America’s trade imbalance just got a wee bit smaller. The U.S. has now become a net exporter of natural gas on an annual basis for the first time since at least 1957.

Secretary Zinke Announces Plan For Unleashing America's Offshore Oil and Gas Potential

Wednesday, January 10, 2018

Department of the Interior | January 4, 2018 WASHINGTON – U.S. Secretary of the Interior Ryan Zinke today announced the next step for responsibly developing the National Outer Continental Shelf Oil and Gas Leasing Program (National OCS Program) for 2019-2024, which proposes to make over 90 percent of the total OCS acreage and more than 98 percent of undiscovered, technically recoverable oil and gas resources in federal offshore areas available to consider for future exploration and development. By comparison, the current program puts 94 percent of the OCS off limits. In addition, the program proposes the largest number of lease sales in U.S. history.

U.S. On The Cusp of Enjoying 'Energy Superpower' Status, Analyst Says

Tuesday, January 09, 2018

Sam Meredith | CNBC | January 4, 2018 In recent years, America's unprecedented oil and gas boom has been driven by one factor above all others — and that's shale. "The U.S. is emerging as, not only a military and economic superpower, but as an energy superpower," Martin Fraenkel, president at S&P Global Platts, told CNBC In November, the International Energy Agency projected a dramatic increase in shale production could transform the U.S. into the world's largest exporter of liquefied natural gas by the mid-2020s

America Could Become Oil King Of The World In 2018

Monday, January 08, 2018

Matt Egan | CNN Money | January 3, 2018 The United States is poised to ramp up crude oil production by 10% in 2018 to about 11 million barrels per day, according to research firm Rystad Energy.

How Does Texas' Budget Use Taxes From Oil And Natural Gas Production?

Sunday, January 07, 2018

Alex Samuels | The Texas Tribune | January 5, 2018 In the 2017 budget year, the oil production tax gave the state more than $2 billion in revenue, while the natural gas production tax brought in a little less than $1 billion. But where does this money go?

Pipeline Projects Move Ahead To Tackle Rising Texas Shale Output

Friday, January 05, 2018

Bryan Sims | Reuters | December 29, 2017 HOUSTON (Reuters) - Several oil pipeline companies this month agreed to move ahead on multi-billion-dollar projects that would link Texas shale fields to Gulf Coast export hubs, offering new outlets for burgeoning output expected in 2018.

Trump Administration Proposes Massive Increase In Off-shore Drilling

Thursday, January 04, 2018

Ledyard King | USA Today | January 4, 2018 WASHINGTON  — The Trump administration is proposing to open up 90% of the Outer Continental Shelf off the U.S. coast to oil and gas exploration, the largest single expansion of off-shore drilling activity ever proposed.

Crude Oil Exports: The Biggest Oil Story of 2017

Thursday, January 04, 2018

Nick Cunningham | USA Today | December 31, 2017 There have been plenty of eye-catching stories in the energy industry this year, but one notable development has been the rise of the U.S. as a crude oil exporter.

Texas Households Pay Less for Energy as Power Grid Uses More Natural Gas

Wednesday, January 03, 2018

Texas families are reaping the benefits of the fracking boom in the form of lower monthly energy bills, according to a new analysis by Texans for Natural Gas.

The U.S. Is Exporting Oil and Gas at a Record Pace

Tuesday, January 02, 2018

Laura Blewitt | Bloomberg Markets | December 12, 2017 The world’s largest oil consumer exported more hydrocarbons than ever before in 2017 and shows no signs of slowing down.

Christmas - Brought To You By Oil & Natural Gas

Thursday, December 21, 2017

How big of a role does the oil and natural gas industry play in your Christmas traditions? Scroll down to find out.

U.S. Natural Gas Exports Did Not Cause Domestic Price Spike

Wednesday, December 13, 2017

Increased exports of natural gas have not led to increases in domestic natural gas prices in the United States, according to a review by Texans for Natural Gas. The finding contradicts prior government modeling and claims from environmental critics, who have warned repeatedly against approving LNG export facilities on the basis that they would cause price spikes for consumers.

Tax Bill Supports Oil And Gas Industry, API President Says

Monday, December 11, 2017

Tsvetana Paraskova | | December 4, 2017 The U.S. Senate passing the tax reform bill is pro-growth legislation that would help the domestic oil and gas industry, Jack Gerard, President and CEO of the American Petroleum Institute (API), said after the Senators passed the sweeping tax reform on Saturday.

U.S. LNG Exports Reach a Tipping Point

Friday, December 08, 2017

Jordan Blum | Houston Chronicle | December 7, 2017 SABINE PASS, La. - In 2011, Cheniere Energy was a little-known company with big ambitions when it signed an $8 billion contract that would transform the United States into an exporter of liquefied natural gas after decades of relying on foreign suppliers.

In Rebuke to Green Activists, EPA Praises Texas Oil and Gas Regulatory Program

Wednesday, December 06, 2017

The U.S. Environmental Protection Agency (EPA) praised the Railroad Commission of Texas (RRC) this week for its work to protect underground drinking water sources, citing the efforts made in the RRC’s Underground Injection Control (UIC) program. The commendation was part of EPA’s Fiscal Year 2016 End-of-Year evaluation of the Texas UIC program, the conclusions of which were presented by Lori Wrotenbery, Director of the Oil and Gas Division for RRC, at a Commission open meeting this week.

Texas Leads The Nation In Oil And Gas Production…And Reaps Huge Economic Rewards

Monday, December 04, 2017

Kristin Gordon | Corridor News | November 28, 2017 In 2016, U.S. coal production decreased 18.8 percent year-over-year to 728.4 million short tons, the lowest annual production level since 1979, according to the U.S. Energy Information Administration (EIA).

Corpus Christi’s Port Enhancement Projects will Allow Very Large Crude Carriers to Enter the Port Empty and Leave Fully Laden

Monday, December 04, 2017

Rye Druzin | San Antion Express-News | November 27, 2017 Texas crude oil is being shipped worldwide at ever higher rates as foreign markets get used to the taste of light sweet crude.  Port Corpus Christi, a major refining center on the U.S. Gulf Coast, is now becoming a major hub for U.S. crude oil exports.

Standing Rock Casino Sees Recovery After Pipeline Protest

Friday, December 01, 2017

Beaumont Enterprise | November 13, 2017 FORT YATES, N.D. (AP) — Finances at a casino run by the Standing Rock Sioux Tribe are slowly improving, after facing a $6 million shortfall during the peak of the Dakota Access oil pipeline protest in February.

Report: Texas Tops Global Ranking as Most Desirable Area for Oil and Gas Investment

Wednesday, November 29, 2017

Texas is the most attractive area for oil and gas exploration and production investment according to the latest annual Fraser Institute Global Petroleum Survey. Compiling responses from oil and gas executives and managers around the world, Texas received a perfect rating of 100.00, an improvement from previous years and allowing it to dethrone Oklahoma as the most desirable region in the world for oil and gas investment