5 Reasons Why Texas Is a Major Player in the Global Gas Market
Texans for Natural Gas | June 27, 2018
As the top natural gas producing state, Texas accounted for roughly 24 percent of total U.S. marketed natural gas production last year. Combined with favorable shipping access, seven of the nation’s 24 proposed or approved LNG export facilities, and some of the country’s largest natural gas reserves, the Lone Star State is rapidly becoming a major player in the global gas market.
In fact, it already is. Here’s why.
Read moreUSGS Finds Eagle Ford Shale in South Texas Holds 8.5 Billion Barrels of Oil
A new U.S. Geological Survey (USGS) assessment finds that Texas’ Eagle Ford Group contains 8.5 billion barrels of oil, 66 trillion cubic feet (Tcf) of natural gas, and 1.9 billion barrels of natural gas liquids (NGLs) of undiscovered, technically recoverable resources in continuous accumulations. This makes the Eagle Ford the second largest continuous oil play in the country, behind only the massive deposits found in the Permian basin.
Read moreStudy: U.S. Natural Gas Production to Surge 60% In 20 Years
Jordan Blum | Houston Chronicle | June 20, 2018
The U.S. shale boom kicked off with natural gas a decade ago, and dry gas production is expected to keep surging by another 60 percent during the next 20 years, according to a new report Wednesday.
Read moreEnergy Department Study: Exporting Natural Gas Improves the U.S. Economy
Texans for Natural Gas | June 14, 2018
Additional exports of natural gas from the United States will boost the American economy, according to a new study from the U.S. Department of Energy. The study, which was completed by NERA Economic Consulting at the request of DOE, finds that even improbable levels of liquefied natural gas (LNG) exports would lead to economic growth.
Read moreU.S. Net Oil Imports Approaching Lowest Level Since 1959
Texans for Natural Gas | June 13, 2018
Rising domestic crude oil production and increased exports are causing a significant drop in net crude oil and petroleum imports, according to the latest data from the U.S. Energy Information Administration (EIA). The new data are another piece of evidence that the shale revolution is making the United States more energy secure, while also strengthening the economy.
Read moreReport: How the Texas Shale Revolution is Spurring a Manufacturing Renaissance
Texans for Natural Gas | June 6, 2018
A new report from Texans for Natural Gas highlights how shale development, made possible by advancements in hydraulic fracturing and horizontal drilling, has spurred massive new investments in Texas manufacturing, creating thousands of new jobs and injecting billions of dollars into Texas’ economy.
Read moreYou’ll Never Guess What the Most Prosperous City in the U.S. Is
Rye Druzen | San Antonio Express-News | June 1, 2018
Some may think that the most prosperous cities in the U.S. would include Houston, Dallas or Austin. Not by a long shot.
Read moreThe New Tech That Terrifies OPEC
Spencer Jakab | Wall Street Journal | June 1, 2018
U.S. shale oil drillers are boosting efficiency with giant pads and walking rigs, lowering prices to a point that could hurt exporters like Saudi Arabia.
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