Though the past few years have been a rocky and tumultuous path, all signs are now pointing to success. The executive director for the International Energy Agency said that the United States is swiftly becoming the “undisputed leader” of oil and gas production and that this is likely to continue for “years to come.” U.S. … Continued
A new proposal released by the Trump administration allows for the expansion of drilling throughout the Atlantic and the Arctic, and includes previously protected areas. This proposal is designed to reduce the number of off-limits areas to oil and gas exploration. and Companies would be able to begin purchasing leases within these areas from 2019 … Continued
The oil and gas industry is now facing some of its most positive changes and most optimistic environment. Look for 2018 to begin a new era for oil and gas. The Market Has Emerged More Agile In the past, the oil and gas industry has taken a long time to embark upon new projects. Companies … Continued
Shale oil drillers in the United States are expected to see large production gains moving into 2018. These gains are only going to continue throughout the year. According to the forecast from the Energy Information Administration, the growth of oil production will be approximately 94,000 barrels a day in January. The total output of the … Continued
With oil production in the United States steadily on the rise, few people are asking an important question: Could U.S. oil production be underestimated on a global scale? The United States is a relatively new contender in the arena of global energy supply, and that is making for some interesting interactions with other oil-producing countries. … Continued
What does 2018 hold for oil production in the United States? Not only are those in the industry interested in this, but economists and analysts are as well. Oil production is more than energy independence; it’s about also impacting the global economy. In 2018, it is likely we’ll see the United States ramp up production … Continued
Production of domestic oil is growing at a record-breaking rate, with many analysts anticipating continued growth within the market. Not only is the domestic market growing and providing more energy independence, but the United States is also becoming a major player in the global oil market. Reports now show that the United States is set … Continued
The United States is currently positioning itself to become a major superpower in the area of oil and gas; and it may, in fact, succeed at becoming the most powerful. This is tremendous news not only for the oil and gas industry but also the economy. Driven by the Success of Shale Oil The United … Continued
The U.S. Energy Information Administration has reported an increase of 1,003,000 barrels per day (11.8%) year-over-year from 2016, reaching an all-time high for domestic oil production and a significant rebound from the low four years prior. Crude oil prices have been increasing throughout 2017, bolstering the market, as demand has continued to rise and production … Continued
Oil and gas rig counts are frequently used throughout the oil and gas industry as a metric of consumer confidence. For many, the oil and gas rig counts are currently indicating an optimistic path forward for energy-related companies. But what exactly does the oil and gas count mean for both companies and investors? Here’s what … Continued