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EIA: Proved reserves of US natural gas increased 32% during 2021

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Proved reserves of natural gas in the United States grew to a new record of 625.4 trillion cubic feet (Tcf) in 2021, a 32% increase from 2020, according to the US Energy Information Administration’s (EIA’s) recently released Proved Reserves of Crude Oil and Natural Gas in the United States, Year-End 2021 report.

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Shell selects site for proposed $12.5B GTL project in Louisiana

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Shell has selected Ascension Parish in Louisiana as the location for a potential natural gas-to-liquids (GTL) facility. The Louisiana Department of Transportation and Development will begin moving forward this year with projects that benefit the industry and those who travel throughout St. James and Ascension parishes.

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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

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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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DOI: latest Gulf of Mexico oil & gas lease sales garner $872M in high bids

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Secretary of the Interior Sally Jewell announced that the latest oil and gas lease sales for federal waters in the Gulf of Mexico garnered $872,143,771 million in high bids on 329 tracts covering 1,707,358 acres. million acres on the US Outer Continental Shelf (OCS) offshore Louisiana, Mississippi and Alabama.

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BP Plans to Deploy Subsea Oil Recovery System in 6-8 Days, Weather Permitting

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Concept of the subsea oil recovery system. BP is working to deploy a subsea oil recovery system over the largest leak source in the Transocean Deepwater Horizon Rig that it hopes will capture up to 85% of the oil rising from the sea floor following the sinking of Deepwater Horizon on 22 April. Tags: Oil. Not to scale.

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Obama Administration to offer 40 million acres in the Gulf of Mexico for oil and gas development

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Beaudreau announced that Interior will offer more than 40 million acres for oil and gas exploration and development in the Gulf of Mexico in March lease sales. Lease Sale 231 in the Central Planning Area and Lease Sale 225 in the Eastern Planning Area will be held consecutively in New Orleans, Louisiana, on 19 March 2014.

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BOEM completes draft environmental review for Central and Western Gulf of Mexico oil and gas lease sales

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The US Bureau of Ocean Energy Management (BOEM) has completed a draft environmental impact statement regarding multiple oil and gas lease sales tentatively scheduled between 2012 and 2017 in the Western and Central Gulf of Mexico planning areas, offshore the states of Texas, Louisiana, Mississippi and Alabama.

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