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EIA Report Shows Marcellus Proved Gas Reserves Dropped 5.9% in 2023

Marcellus Drilling News

Energy Information Administration (EIA) analyzed proved reserves data for 2023 (the most recent year available) and determined that proved reserves of U.S. The number crunchers at the U.S. natural gas decreased 12.6% year over year, from 691.0 trillion cubic feet (Tcf) to 603.6 This was the first annual decrease in U.S.

Gas
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U.S. Energy Exports Highest in History @ 30.9 Quadrillion BTUs

Marcellus Drilling News

The United States continued to produce more energy than it consumed in 2024. This surplus energy production helped energy exports grow to a record high 30.9 quadrillion British thermal units (quads) in 2024, up 4% from 2023. Energy imports remained flat at 21.7 quads more.

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Offshore Wind Growth Drives Revenue for OEG Energy Group

OilPrice

A UK energy services giant returned to profit and created hundreds of jobs in the year before being acquired in a deal which valued it at more than $1bn (£737m). OEG Energy Group, which is headquartered in Aberdeen, has reported a pre-tax profit of $4.4m The results come after US investment group Apollo agreed to buy OEG Energy

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How has the U.S. energy use changed since 1776?

Oil & Gas 360º

(EIA) – In 2024, the United States consumed about 94 quadrillion British thermal units (quads) of energy, a 1% increase from 2023, according to our Monthly Energy Review. energy consumption in 2024. Nonfossil fuel energy—from renewables and nuclear energy—accounted for the other 18%.

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Is geothermal energy ready to make its mark in the US power mix?

McKinsey

Skip to main content Is geothermal energy ready to make its mark in the US power mix? July 17, 2025 | Article Adam Barth   Clint Wood Maximilian Moosburger   Bobo Stankovikj Next-generation geothermal energy may soon be a cost-competitive way to fill the need for clean, firm power in the United States.

IT
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The Decline of Oil Power in Middle East Geopolitics

OilPrice

Despite expectations, the recent geopolitical turbulence in the Middle East—especially the events of October 7, 2023, and the escalation between Israel and Iran—did not deliver a severe blow to global energy markets. Compared to past regional crises or major global shocks like the Russia–Ukraine war, the impact was surprisingly muted.

Oil
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MDN’s Energy Stories of Interest: Thu, Jul 17, 2025 [FREE ACCESS]

Marcellus Drilling News

MARCELLUS/UTICA REGION: Energy Innovation Center Institute training program could go national; OTHER U.S. proved reserves fell in 2023 from 2022 record; Gen. REGIONS: California’s climate superfund bills fail again; Let’s hope Kathy Hochul took notes as investors poured $100B into Pa.