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Energy Information Administration (EIA) analyzed proved reserves data for 2023 (the most recent year available) and determined that proved reserves of U.S. natural gas decreased 12.6% natural gas reserves. The number crunchers at the U.S. year over year, from 691.0 trillion cubic feet (Tcf) to 603.6
Energy Information Administration to illustrate how the country’s energy generation landscape has evolved since 1950. Energy Generation by Source, 1950–2024 As seen in the video above, natural gas has experienced the most significant growth—rising from just 6.2 quadrillion BTUs in 1950 to 39.2
natural gas inventories climbed by 46 billion cubic feet (Bcf) last week, keeping total storage comfortably above seasonal norms. The build for the week ending July 11 brings total working gas in storage to 3,052 Bcf, according to today’s figures provided by the Energy Information Administration.
(Investing) – A consortium led by ExxonMobil (NYSE: XOM ) has discovered a natural gas reservoir off the coast of Cyprus, according to a government announcement on Monday. The drilling operation found preliminary indications of a 350-meter gas-bearing reservoir at a depth of 1.9 For more information see our T&C.
(World Oil) – Tokyo Gas Co. liquefied natural gas suppliers to secure a long-term purchase agreement, as rising energy demand leaves Japan increasingly dependent on the fuel source. Japan’s largest gas distributor is in talks with at least four companies over supply from projects dotting the U.S. gas production.
natural gas output and demand will both rise to record highs in 2025, the U.S. Energy Information Administration (EIA) said in its Short-Term Energy Outlook (STEO) on Tuesday…
This represented an increase of 600 jobs in the services sector and 1,600 jobs in oil and gas extraction. TIPRO’s new workforce data indicated strong job postings for the Texas oil and natural gas industry, although May data showed a decline in overall unique postings compared to the previous month.
As the upstream oil and gas sector faces mounting pressure from rising costs and dwindling Tier 1 inventory, the need for smarter, faster and more efficient development strategies has never been greater. ¹ For upstream oil and gas companies, it offers a path to faster decisions, smarter development and more efficient operations.
Excess flow valves can automatically stop the flow of gas if a meter is struck by a vehicle. Congress should support a hydrogen-natural gas blending R&D study. Hawai’i Gas has routinely and successfully used a 15% hydrogen blend for decades. Congress should authorize a pipeline safety voluntary information-sharing system.
Oil & Gas 360 – CALGARY, AB , July 22, 2025 /CNW/ – Enbridge Inc. This information may not be appropriate for other purposes. Enbridge or the Company) announced that it has reached a final investment decision on Clear Fork, a 600 MW solar project in Texas.
Even though gas-fired power is the #1 source of electric power generation in the U.S., almost no new combined-cycle gas-fired power plants came online in the U.S. Energy Information Administration (EIA) reports that 4.3 gigawatts (GW) of new gas-fired power is currently under construction, and developers have.
(Oil & Gas 360) – Publisher’s Note: CanCambria Energy will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. The highly prospective, gas-charged fault block associated with the company’s flagship Kiskunhalas Trough asset extends southwest into the KCA.
natural gas output and demand will both rise to record highs in 2025 before sliding in 2026, the U.S. Energy Information Administration (EIA) said in its Short-Term Energy Outlook (STEO) on Tuesday. EIA projected dry gas production will rise from 103.2 billion cubic feet per day (bcfd) in 2024 to 105.9
natural gas output and demand will both rise to record highs in 2025, the U.S. Energy Information Administration (EIA) said in its Short-Term Energy Outlook (STEO) on Tuesday. EIA projected dry gas production will rise from 103.2 billion cubic feet per day (bcfd) in 2024 to 105.9 bcfd in 2025 and 106.4 bcfd in [Read more]
The journey of natural gas from the wellhead to our homes and businesses is fraught with challenges, not least of which is the presence of water vapor. This seemingly innocuous component can lead to a host of problems, including pipeline corrosion, hydrate formation that can obstruct flow, and a reduction in the heating value of the gas.
Image by Natalya Bosyak via iStock In an EBW Analytics Group report sent to Rigzone by the EBW team today, Eli Rubin, an energy analyst at the company, offered an explanation for the August natural gas contract price drop on Monday, which the report highlighted came in at 6.7 “The August contract dropped 24.0 cent, or 0.6
(Oil & Gas 360) – Publisher’s Note: Mach Natural Resources will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. First quarter 2025 average production was approximately 11 Mboe/d, of which 98% was liquids, 2% was natural gas. Register to attend.
A combined $92 billion in energy and artificial intelligence (AI)-related investments were announced across Pennsylvania last week, with projects ranging from new data centers to natural gas plants and grid modernization efforts. as leader in the next era of digital infrastructure. Enverus Intelligence® | Research, Inc.
Fossil fuels—petroleum, natural gas, and coal—accounted for 82% of total U.S. Natural gas is the second-largest source of U.S. Natural gas was once considered a waste byproduct of crude oil production but now has become a common energy source for heating and electricity generation. energy consumption in 2024. Data source: U.S.
(World Oil) – Companies hired by TotalEnergies SE to build a $20 billion gas project in northern Mozambique have started preparing to resume work on the venture, four years after it was suspended because of a militant insurgency, according to people familiar with the matter. A Total representative declined to comment.
Another optionâcarbon-capture technology added to natural gas plantsâfaces challenges in becoming cost-competitive. 4 âElectricity explained: Electricity generation, capacity, and sales in the United States,â US Energy and Information Administration, July 16, 2024. â McKinsey, March 21, 2023.
Image by Vadym Plysiuk via iStock In an EBW Analytics Group report sent to Rigzone by the EBW team on Friday, Eli Rubin, an energy analyst at the company, highlighted an “implosion over the past week” in the July natural gas contract. “The July natural gas contract rolled off the board at $3.261 yesterday - a 72.8¢
(World Oil) – MidOcean Energy, a liquefied natural gas company founded by private equity firm EIG and backed by Saudi Aramco, has emerged as the frontrunner to buy a minority stake in Petronas’ Canadian business, people familiar with the matter said. billion) in 2012 to boost its shale-gas assets and gas supplies.
million bpd and remain flat in 2026, according to the Energy Information Administration’s Short-Term Energy Outlook released Tuesday. (World Oil) – The U.S. sees domestic crude output growth slowing more than expected this year as choppy oil prices limit drilling activity.
(Oil & Gas 360) – Publisher’s Note: Zephyr Energy will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. Register to attend. million fundraise comprising a £9.8 million Placing and £0.7
July 21, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. Stay tuned for weekly updates to keep you well-informed. Read more US drillers add oil/gas rigs for first time in 12 weeks, Baker Hughes says Summary : For the first time in 12 weeks, the U.S.
Energy Information Administration, the share of the nation’s crude oil and petroleum imports from OPEC countries has declined 77 percent since 2006. oil imports from OPEC decline while imports from Canada nearly doubles appeared first on Permian Basin Oil and Gas Magazine. According to U.S. The post U.S.
Image by saiko3p via iStock Germany’s state-owned SEFE signed a 10-year deal to buy gas from Azerbaijan’s Socar, a move that will help diversify supplies in Europe’s tight market. of the European Union’s gas consumption in 2024. That’s equivalent to about 1.5 billion cubic meters per year, or about 0.5%
(Oil & Gas 360) – Publisher’s Note: Prairie Operating will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. More information about the Company can be found at www.prairieopco.com . Register to attend. Prairie Operating Co.
Natural gas is a reliable partner in this care, helping keep costs lower and treatment available for those living with chronic disease. Energy Information Administration (EIA) show that 74% of hospitals use natural gas for space heating, and 80% of hospitals use natural gas for water heating. Survey data from the U.S.
July 28, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. Stay tuned for weekly updates to keep you well-informed. oil and gas rig count fell, dropping two to 542 as of July 25, down 8% year-over-year and marking a fifth consecutive monthly decline.
Geological Survey that shows significant increases in undiscovered crude oil and natural gas under federally managed U.S. Doug Burgum, interior secretary, said June 18, “American energy dominance is more important than ever, and this report underscores the critical role science plays in informing our energy future.” public lands.
Energy Information Administration said July 7 in its Monthly Energy Review , “The decline in imports’ share of supply in the previous two decades is attributable to both an increase in domestic energy production and a decrease in energy imports since 2006.” fall to 40-year low in 2024 appeared first on Permian Basin Oil and Gas Magazine.
(Oil & Gas 360) – Publisher’s Note: Advantage Energy will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. is an independent oil and natural gas company engaged in the acquisition, development, exploitation and production of oil and natural gas properties.
(Oil & Gas 360) – HOUSTON , June 17, 2025 /PRNewswire/ — Talos Energy Inc. (“Talos” or the “Company”) (NYSE: TALO) today announced its enhanced corporate strategy designed to position the Company as a leading pure-play offshore exploration and production company.
Energy Information Administration reduced its forecast for crude oil production this year. production this year from previous forecast appeared first on Permian Basin Oil and Gas Magazine. This week U.S. In its Short-Term Energy Outlook released Tuesday, EIA said, “Declining oil prices have contributed to U.S. million b/d in 2022, 12.93
(Oil & Gas 360) – Register for EnerCom Denver – The Energy Investment Conference, August 17-20, 2025 , featuring a broad group of public and private energy companies at www.enercomdenver.com at The Westin Denver Downtown. About EnerCom, Inc.: Founded in 1994, EnerCom, Inc.
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Wells Drilled Last 12 Months by Play United States Wells Drilled Market Intelligence is a curated dataset of oil & gas wells drilled across the US last 12 months.
June 16, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. Stay tuned for weekly updates to keep you well-informed. Iran’s gas field saw partial shutdown but Strait of Hormuz flows remained uninterrupted. to April highs after Friday’s 4.8%
Albert Oil & Gas Operator Directory is a list of Oil & Gas operations in the St. Albert area of Alberta home to some of Canada’s top oil and gas companies in Western Canada, one of the most prolific oil and gas-producing regions in the world. Here is a summary of the information included in the list.
June 9, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. Stay tuned for weekly updates to keep you well-informed. gas prices hold steady at $3.12 gas price is $3.12 Oil prices steady ahead of U.S.-China and WTI at $64.64 per barrel. Read more U.S.
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