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

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.

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Trump Infrastructure Plan Would Speed Up Pipelines

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.

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Texas Drilling Permits, Completions Rise As Crude Prices Firm

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.

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

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

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.

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

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.  

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Energy Exports Soar as Fracking Drives Record Production

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.

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

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.

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