Technological innovation and advancement has led to a leaner, more productive oil and gas industry in the United States. The American oil industry is achieving greater profitability by reducing the costs of drilling. Not only is oil drilling less expensive than it has ever been, but the price continues to decrease. These costs are being … Continued
Fracking now accounts for over half of the oil output of the United States, according to recent reports by the Energy Information Administration (EIA). Since 2000, fracking has gone from a mere 2% of domestic oil production to over 50%, owing to the rich shale deposits available throughout America. It’s expected that fracking will continue to … Continued
Ohio oil and gas production has remained at high levels despite slow downs throughout the rest of the world. An oil and natural gas surplus may have led to a reduction in prices on the market, but Ohio has continued to provide natural gas and oil domestically and has been able to maintain its profits. … Continued
Though climate scientists have long been concerned that hydraulic fracturing could be the cause of increased methane emissions, a new study by the National Oceanic and Atmospheric Administration has discovered that fracking is not to blame. The Environmental Protection Agency has considered fracking to be one of the leading sources of methane emission increases in … Continued
According to the 2016 BP Energy Outlook, fossil fuels will remain the dominant form of energy for quite some time. Energy demand is growing at a pace that other alternative energy resources simply cannot meet, even with a significant improvement and increase in renewable resources. The oil and gas industry will likely grow strong into 2035. … Continued
Though oil production has been slowly reduced throughout the globe, Ohio gas and oil production has remained strong. Projections state that the natural gas and oil production within the state will continue rising throughout March of 2016, despite the fact that production has fallen elsewhere in the nation. Growth along the Utica shale has slowed, … Continued
Which presidential candidate should those in the oil and energy industry be favoring? Many of the serious candidates on both the Republican and Democratic side have spoken in length about the country’s energy future, and it’s in the best interests for those within the oil and gas industry to educate themselves regarding their stances. As … Continued
You’ve probably heard the saying about not messing with Texas, and it’s true that Texans can be a formidable force when things get tough. At a time when two out of every three drilling rigs in the United States have gone idle, a handful of Texas oil producers are still profitable below $30 a barrel. … Continued
Many analysts believed that the oil and gas market in the United States would plummet along with global per barrel prices. Though the oil industry may not be growing at the rate that it was growing at previously, the cheap prices still haven’t caused oil and gas companies to exit the market. In fact, the … Continued
Though the world’s energy needs have been steadily rising, there are many resources still left available. In fact, the wealth of resources is one of the leading factors in the recent falling prices, as many countries have found themselves producing large amounts of oil and selling them for exceptionally low prices. Without any production cuts … Continued