Permian Basin Is Growing Into the Largest Oil Patch in the World
Jessica Summers & Sheela Tobben | Bloomberg Markets | April 24, 2018
The Permian shale play is all about setting records. Now, the region will probably become the world’s largest oil patch over the next decade.
Read moreThe U.S. Is A Net Natural Gas Exporter – Here's Why This Is A Big Deal
Energy Factor by ExxonMobil | April 12, 2018
Recent data compiled by the U.S. Energy Information Administration shows that last year the U.S. exported more natural gas than it imported. This is a significant milestone because the last time this happened, in 1957, Dwight Eisenhower was in the White House, cars had big tail fins, and the brand-new Frisbee was all the rage.
ICF study for LNG Allies projects potential US economic, jobs growth
Nick Snow | Oil & Gas Journal | April 17, 2018
The cumulative contribution to US economic growth from the addition of more LNG plants will range from $716 billion to $1.267 trillion between 2013 and 2050 under three cases, an ICF Inc. study commissioned by LNG Allies projected. It also projected 2-3.9 million job-years from US LNG plants during that period. One job for 1 year is a job-year.
Read moreBig Oil’s New Favorite Toy: Supercomputers
Sarah Kent and Christopher Matthews | Wall Street Journal | April 10, 2018
Xukai Shen, a geophysicist working at BP BP 0.65% Plc, had a hunch he could solve a riddle that had vexed the company: whether there was a lot of oil hidden beneath a salt dome 7,000 feet underwater in the Gulf of Mexico. So he asked to use the company’s supercomputer exclusively for two weeks to check it out.
Read moreReport: Texas Oil Output Grew by More Than All Other States, Gulf of Mexico Combined
Texans for Natural Gas | April 11, 2018
Texas’ average annual oil production increased by more than all other states and the Gulf of Mexico combined in 2017, a new report from the U.S. Energy Information Administration (EIA) finds.
Read moreNew Infrastructure Supports LNG Export Boom
Charles Hughes | Economics21 | April 3, 2018
Natural gas has transformed the domestic energy industry. The United States now exports more natural gas than it imports-- for the first time since 1957. While higher levels of production and the development of new sources such as the Utica and Marcellus shales have played a significant role, putting the energy transportation infrastructure in place is just as vital, as can be seen from the evolution of liquefied natural gas exports.
Read moreRising LNG Exports a Sign Trump Administration's Infrastructure Policies Are Paying Off: Rick Perry
Rick Perry | Cleveland.com | March 29, 2018
WASHINGTON, D.C. -- Something refreshing is happening in our nation's capital, despite the usual partisan rancor and dysfunction that plagues Washington. Federalism is making a comeback. State and local leaders are being empowered by President Donald Trump to decide how best to rebuild America's aging infrastructure.
Read moreU.S. LNG Exports Increased 288 Percent in 2017
Texans for Natural Gas | March 28, 2018
U.S. exports of liquefied natural gas (LNG) grew from 0.5 billion cubic feet per day (Bcf/d) in 2016 to 1.94 Bcf/d in 2017, an astounding 288 percent increase according to a new report from the U.S. Energy Information Administration (EIA). U.S. natural gas reached 25 different countries last year, according to EIA, including South Korea, China, Mexico and Middle Eastern countries such as Jordan, Kuwait and the United Arab Emirates (UAE).
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