Industry News

Shale Will Beat OPEC as U.S. Oil Thrives at $40, Citigroup Says

date August 16, 2017
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Shale Will Beat OPEC as U.S. Oil Thrives at $40, Citigroup Says

World Oil |Alix Steel, David Westin and Grant Smith The U.S shale industry continues to pressure OPEC with production growth. U.S. shale oil will prevail over OPEC as the two rivals compete in an oversupplied […]

Oil Production in U.S. Shale Plays Increases to Record Level 

date August 15, 2017
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Oil Production in U.S. Shale Plays Increases to Record Level 

Bloomberg | Catherine Traywick US Oil production is expected to set new records in September.   Oil output from major U.S. shale plays is poised to reach a fresh record next month. Crude output from […]

EIA Predicts US Shale Output Up By 117,000 BPD in September 

date August 15, 2017
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EIA Predicts US Shale Output Up By 117,000 BPD in September 

Oil Price| Zainab Calcuttawala According to the EIA, the Eagle Ford is anticipated to grow 10,000 bpd or more in September. New Energy Information Administration (EIA) data puts U.S. shale output up 117,000 barrels per day in […]

Fracking Boom: US Shale Oil Output To Top 6 Million Barrels A Day In August and September

date August 14, 2017
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Fracking Boom: US Shale Oil Output To Top 6 Million Barrels A Day In August and September

CNBC| Tom DiChristopher Throughout the rest of August and into September, U.S. shale production will grow by 117,000 barrels per day.   U.S. shale drillers will keep posting strong gains in August and September, with […]

Texas Rig Permitting Nearly Doubles From 2016

date August 11, 2017
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Texas Rig Permitting Nearly Doubles From 2016

UPI |Daniel J. Graeber Total drilling permits have almost doubled since 2016, which has contributed to the industry rebound. Accounting for about half of all the active rigs in the United States, the energy regulator […]

Industry Recovery Continues But Can It Last? 

date August 11, 2017
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Industry Recovery Continues But Can It Last? 

Oil Man News| Staff According to data from TPI, the oil and gas industry has experienced a stronger recovery than anticipated in 2017. Even though there have been some bumps along the way, the oil […]

US EIA Raises Gas Market Production Estimates

date August 9, 2017
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US EIA Raises Gas Market Production Estimates

Platts |Staff The EIA has increased its estimate for natural gas production in the US over the next two years. The US Energy Information Administration nudged up its natural gas production estimates for the fourth […]

U.S. LNG Export Capacity To Grow Nearly Sevenfold by 2019, EIA says 

date August 9, 2017
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U.S. LNG Export Capacity To Grow Nearly Sevenfold by 2019, EIA says 

Houston Chronicle| Collin Eaton The EIA anticipates a continued growth in U.S. natural gas exports into 2019. The energy industry’s capacity to export U.S. liquefied natural gas is set to increase nearly sevenfold over the […]

U.S. is a Net Exporter of Natural Gas for First Time in 59 Years 

date August 9, 2017
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U.S. is a Net Exporter of Natural Gas for First Time in 59 Years 

Oil and Gas 360 |Staff U.S. natural gas is now playing a bigger role in global natural gas exporting than ever before. The U.S. has been a net exporter of natural gas for three of […]

US Natural Gas Output Will Grow More Than Expected Next Year, Says the Dept of Energy

date August 8, 2017
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US Natural Gas Output Will Grow More Than Expected Next Year, Says the Dept of Energy

CNBC |Tom DiChristopher The EIA reported that the US is becoming a net exporter of natural gas. U.S. drillers will produce more natural gas next year than previously expected as exports rise and gas-fired plants […]