The Longer-Term Fundamentals While oil prices rising, investors shouldn’t lose track of the longer-term fundamentals. At its peak in 2011, 60% of the U.S. total trade deficit was due to petroleum. Last year U.S. oil production rose by 17% to a record high of 10.95 million barrels per day, in turn pushing down net petroleum […]
Antero Resources (NYSE:AR) is sitting on a potential gold mine of liquids-rich natural gas stock. In the Marcellus and Utica shale region. CEO Paul Rady; pointed out that “we began shipping volumes for the first time in February. Through our commitment on the Mariner East 2 pipeline”. Which is use by Energy Transfer and moves NGLs […]
Permit applications approved by the Texas Railroad Commission for May 23 through May 29 for Districts 7C, 8, and 8A. Numbers in parentheses indicate the number of permits approved for that leasehold. This is the latest drilling report. Anadarko E&P Onshore, LLC, Longhorn 55-1-30 Unit, Loving, new drill. Apache Corporation, Lumbee, Reeves, new drill. APC Water Holdings […]
Domestic Energy Golden Age From wind and solar to oil and natural gas, the American energy sector is booming. The Permian Basin — with record crude-setting production and massive recoverable resources — is at the forefront of this domestic energy golden age. Upgrade and Expand the Pipelines The Permian Basin, sprawling more than 75,000 square […]
“Fracking saves low-income Americans’ lives”… This article is about research earlier this year. This is a calculation that lowers heating costs with surging domestic affordable natural gas production. Its result is 11,000 winter deaths in the U.S. each winter from 2005 to 2010. A lot of taxpayer dollars are useable to help make life better […]
In response to the escalating tensions between Iran and the U.S., some Iranian officials have threatened to close the Strait of Hormuz. So, will this affect the Iran Oil Prices? It’s not the first time the country has made the threat; it happened in December 2011. Very few think Iran would actually try to close […]
Saudi Arabia is Expected to Raise the Oil Price Emboldened by strong prompt demand amid tighter oil supply due to the U.S. sanctions on Venezuela and Iran, the world’s top oil exporter, Saudi Arabia is expected to raise the oil price of the crude grades it sells on its premium market, Asia, for July, trade […]
Total investment in Ohio’s resource-rich shale energy sector has reached $74 billion. It was since tracking began in 2011, according to a Cleveland State University study. Prepared for JobsOhio, the report represents the most recent data available. It covers shale investment through the first half of 2018. It comes just weeks after IHS Markit released estimates […]
That Broke Ground Zero Gas Emissions: The company that broke ground, literally and figuratively, in the Marcellus Shale is striving for another groundbreaking achievement. Zero greenhouse gas emissions. The Largest Natural Gas Driller in the Region Range Resources, the largest natural gas driller in the region, issued its first Corporate Sustainability Report on Tuesday. It […]
U.S. Oil Pipeline Report The U.S. Oil Pipeline Report, anticipated increase in production will be supported by further evaluation. Infrastructure development plans and secured capacity to transport oil and gas to ExxonMobil’s Gulf Coast refineries and petrochemical operations through the Wink-to-Webster, Permian Highway and Double E pipelines. Permian unconventional net oil-equivalent production is now expected […]
