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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.
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).
The oil and gas boom in the United States was made possible by the extensive credit afforded to drillers. Junk-bond debt in energy has reached $210 billion, which is about 16 percent of the $1.3 Junk-bond debt in energy has reached $210 billion, which is about 16 percent of the $1.3 by Nick Cunningham of Oilprice.com.
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).
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
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.
Researchers at the Goodyear Tire & Rubber Company have found in their tests that using soybean oil in tires can potentially increase tread life by 10% and reduce the tiremaker’s use of petroleum-based oil by up to seven million gallons each year.
Oklahoma-based oil and gas company SandRidge Energy, Inc. This JV with Repsol puts us on a clear path to bridge the 2012 funding gap with non-debt capital and to execute our three year plan to triple EBITDA and double oil production while lowering our debt to EBITDA ratio. Billion from a previous budget of $1.8
Five states (Texas, North Dakota, California, Alaska, and Oklahoma) and the Gulf of Mexico supplied more than 80%, or 6 million barrels per day, of the crude oil (including lease condensate) produced in the United States in 2013, according to the US Energy Information Administration (EIA). Click to enlarge.
Using innovative seismic-based technologies developed with funding from the US Department of Energy (DOE), a Kansas drilling company has discovered an untapped, 10-foot-thick oil zone in a developed Colorado reservoir. discovered the oil zone near Cheyenne Wells, Colo., Mull Drilling Company of Wichita, Kan.,
ExxonMobil Exploration Argentina, jointly with Gas y Petróleo del Neuquén, has discovered oil and gas in an unconventional shale well in Neuquén Province of Argentina. The well was completed in the Vaca Muerta formation and flowed at an average rate of 770 barrels of oil a day on a 12/64 inch choke in its first flow test.
Chesapeake Energy Corporation and Sinopec International Petroleum Exploration and Production Corporation (Sinopec) executed an agreement which provides for Sinopec to purchase a 50% undivided interest in 850,000 of Chesapeake’s net oil and natural gas leasehold acres in the Mississippi Lime play in northern Oklahoma (425,000 acres net to Sinopec).
GE Oil & Gas and energy exploration and production company Devon Energy signed a new technology collaboration agreement (TCA) to drive innovations that will enhance the performance and economics of unconventional oil and natural gas projects as the demand for energy grows worldwide.
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.
Keystone XL is a proposed 1,700-mile oil pipeline from the US-Canadian border in Montana, through Cushing, Oklahoma, to refineries on the US Gulf Coast. The US Department of State plans to hold six additional public meetings as part of the permit review process for the proposed Keystone XL pipeline. Earlier post.).
The US Department of Energy (DOE) announced more than $27 million in funding for 12 projects that will support the development of advanced plastics recycling technologies and new plastics that are recyclable-by-design. Partners include Allonia and the National Renewable Energy Laboratory.
CVR Energy will base a revamp of its Wynnewood, Oklahoma, refinery on Haldor Topsoe’s HydroFlex technology to produce approximately 100 million gallons of renewable diesel and more than 6 million gallons of renewable naphtha per year. —Dave Lamp, CEO & President of CVR Energy. We are very proud that CVR Energy, Inc.
Summit Power Group, LLC and Blue Strategies, LLC have signed a 15-year CO 2 offtake agreement with Whiting Petroleum Corporation for some of the CO 2 that will be captured by Summit’s Texas Clean Energy Project ( TCEP ), a coal gasification with carbon capture polygen project being developed in Penwell, Texas, outside Odessa. Earlier post.).
The announcement provides the opportunity to expand the use of non-food, energy crops for liquid biofuels and to help meet state mandated Renewal Portfolio Standards (RPS). This Arkansas BCAP project area is sponsored by MFA Oil Biomass LLC, in Columbia, Mo. USDA’s Farm Service Agency (FSA) administers BCAP.
A study by researchers from the University of Oklahoma and the US Naval Research Laboratory has found that biodiesel is easily susceptible to biological degradation by anaerobic bacteria. A paper on their work was published online 5 May in the ACS journal Energy & Fuels. Energy Fuels , Article ASAP doi: 10.1021/ef100084j.
The US Department of Energy (DOE) has selected four research and development projects designed to bring next-generation biofuels on line faster and to drive down the cost of producing gasoline, diesel, and jet fuels from biomass. The projects represent up to a combined $13-million Energy Department investment.
Predicting and diagnosing the trajectory of oil prices has become something of a cottage industry in the past year. But along with all of the excess crude flowing from the oil patch, there is also an abundance of market indicators that while important, tend to produce a lot of noise that makes any accurate estimate nearly impossible.
The US Energy Information Administration released its Annual Energy Outlook 2013 (AEO2013) Reference case (the Early Release ), which highlights a growth in total US energy production that exceeds growth in total US energy consumption through 2040. Domestic oil production will rise to 7.5 Click to enlarge.
The US Department of Energy (DOE) announced that the use of an alkaline surfactant polymer (ASP) flooding technique has successfully improved oil recovery at a 106-year old Illinois field by more than 300%. enhanced by additional surfactants, have the capability of mobilizing additional oil. Such surfactants, when.
The US Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E) announced $11 million in funding for 7 projects in the fourth and fifth cohorts of the agency’s OPEN+ program: Energy-Water Technologies and Sensors for Bioenergy and Agriculture. Energy-Water Technologies cohort.
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.
The Department of Energy (DOE) has selected 37 energy research projects for $151 million in funding through the recently formed Advanced Research Projects Agency-Energy (ARPA-E). The projects selected are grouped into 10 areas: Energy Storage (6 projects). Biomass Energy (5 projects). ENERGY STORAGE.
The renewable diesel used by NYC will be produced domestically by Renewable Energy Group (REG) and will be distributed by Sprague Energy. Renewable diesel is a 100% hydrocarbon renewable fuel produced by hydrotreating fats and oils; it can be used in existing diesel engines without modification.
million to six new projects to develop new technologies, processes, or procedures that could result in improved understanding and management of systemic risk in offshore oil and gas operations. —Kelly Oskvig, program officer for the GRP’s Safer Offshore Energy Systems initiative. Oklahoma State University. Description.
The US Department of Energy (DOE) awarded $19 million for 13 projects in traditionally fossil-fuel-producing communities across the country to support production of rare earth elements and critical minerals essential to the manufacturing of batteries, magnets, and other components important to the clean energy economy.
The US Departments of Energy (DOE) and Agriculture (USDA) have awarded 10 grants totaling $12.2 The investments are part of a broader effort by the Obama administration to develop domestic renewable energy and advanced biofuels. Bartley, University of Oklahoma, Norman. Jan Leach, Colorado State University, Fort Collins.
Chesapeake Energy Corporation entered into multiple agreements to sell the vast majority of its Permian properties, substantially all of its midstream assets and certain noncore leasehold for total net cash proceeds of approximately $6.9 The company will use a portion of the proceeds from these asset sales to fully repay its $4.0
Source: NAS, adapted from Southwestern Energy Click to enlarge. In the past several years induced seismic events related to energy development projects have drawn heightened public attention. —“Induced Seismicity Potential in Energy Technologies”.
The Office of Fossil Energy’s National Energy Technology Laboratory (NETL) has selected nine new projects targeting environmental tools and technology for shale gas and coalbed methane (CBM) production. Ground Water Protection Research Foundation, Oklahoma City, Okla.
US production capacity for renewable diesel could more than double from current levels by the end of 2025, based on several announcements for projects that are either under construction or could start development soon, according to the US Energy Information Administration (EIA). billion gallons per year (gal/y), at the end of 2022.
The Port of Corpus Christi Authority (Port of Corpus Christi) and Howard Midstream Energy Partners, LLC (Howard/HEP) have executed a Memorandum of Understanding (MOU) stating their intention to convert Howard’s Javelina refinery services facility into the region’s first blue hydrogen production facility.
Researchers at Oklahoma State University are developing a novel natural Gas and Biomass to Liquids (GBTL) technology that will synergistically use biomass (e.g. Bio-oil produced from biomass fast pyrolysis technology can be converted into hydrocarbons; however, this process is challenging due to the instability of bio-oil.
billion lithium refinery in Oklahoma, which will be one of the largest in the US. January 17, 2024: Stardust Power first announced it would build the USs largest battery-grade lithium refinery in Oklahoma in January 2024. The refinery will be in Southside Industrial Park in Muskogee, Oklahoma, southeast of Tulsa. The post A $1.2B
times more energy positive compared to conventional gasoline, according to an evaluation by Dr. Michael Wang at Argonne National Laboratory. gallons of water are required to produce one gallon of gasoline from Saudi Arabian Conventional Oil. Earlier post.). “We We will have the lowest production cost of ethanol in the industry.
The US Department of Energy (DOE) has selected for further development and awards totaling up to $35.4 million 13 projects aimed at reducing risks while enhancing the environmental performance of drilling for natural gas and oil in ultra-deepwater settings. Brief descriptions of the selected projects follow: ?.
Amid this doom and gloom, a water revolution is emerging, led by energy industry figures who realized the endless potential of tapping into new water sources and processing them with advanced desalination technology that, for the first time ever, is economically feasible. What it means for the oil and gas industry.
Department of Energy (DOE) selected 16 projects to receive nearly $25 million in federal funding for cost-shared projects to advance natural gas infrastructure technology development. DOE’s Office of Fossil Energy will provide federal funding for these projects.
The PHEV3A mission is to educate America one town (or in this case one school) at a time on getting its own energy independence back by moving away from imported oil to using home grown electrons preferably from renewable energy sources like solar, wind and hydro-power.
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