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DOE awards $8.4M for accessing geothermal potential from abandoned oil and gas wells

Green Car Congress

The US Department of Energy (DOE) selected four new projects to receive up to $8.4 million to establish new geothermal energy and heat production from abandoned oil and gas wells. Transitional Energy (Aurora, CO). University of Oklahoma (Norman, OK). ICE Thermal Harvesting (Houston, TX).

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US EIA: US crude oil production fell by 8% in 2020, the largest annual decrease on record

Green Car Congress

US crude oil production averaged 11.3 million b/d in 2019, according to the US Energy Information Administration (EIA). The production decline resulted from reduced drilling activity related to low oil prices in 2020. The production decline resulted from reduced drilling activity related to low oil prices in 2020.

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EIA: proved reserves of US natural gas established a new record; oil reserves increased by 16% at the end of 2021

Green Car Congress

In 2021, proved reserves of natural gas set a new record in the United States, and proved reserves of crude oil and lease condensate increased, but not quite to pre-pandemic levels, according to the US Energy Information Administration (EIA). In 2021, Texas’s annual crude oil and lease condensate proved reserves increased by 12% (1.9

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Southern Rock Energy Partners picks Cushing, OK as site for new $5.56B 250 kbpd crude refinery

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and the City of Cushing, Oklahoma announced that Southern Rock Energy Partners, LLC (SREP) has selected Cushing as the site for its 250,000 BPD next-generation, full conversion crude refinery. Cushing is the most significant trading hub for oil in North America. The Cushing Economic Development Foundation, Inc.

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The US’s largest battery-grade lithium refinery will be in Oklahoma

Baua Electric

Stardust Power , a lithium refiner supplying the EV sector, is going to build the US’s largest battery-grade lithium refinery in Oklahoma. The refinery will be in Southside Industrial Park in Muskogee, Oklahoma, southeast of Tulsa, and is expected to be capable of producing up to 50,000 metric tonnes of battery-grade lithium annually.

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Cohort of new stakeholders joins Open Hydrogen Initiative

Green Car Congress

In February 2022, GTI Energy, S&P Global Commodity Insights and the National Energy Technology Laboratory (NETL) launched the Open Hydrogen Initiative (OHI), a collaboration to further transparency into the environmental impact of hydrogen production and help unlock its full potential as an important driver of energy transitions.

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EIA forecasts Bakken oil production will top 1M barrels per day next month; >10% of US oil production

Green Car Congress

The latest monthly update of estimated crude oil production in the Bakken region of North Dakota and Montana shows total wellhead output topping 1 million barrels of oil per day (bbl/d) next month. The update appears in the most recent issue of the US Energy Information Administration’s Drilling Productivity Report (DPR).

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