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Summer Natural Gas Price Spreads Between Henry Hub and Appalachian Region Have Narrowed

Source: U.S. Energy Information Administration, based on Natural Gas Intelligence Over the past decade, natural gas production in the Appalachian region has grown faster than capacity to move the gas into U.S. markets, pushing down local prices. More recently, pipeline infrastructure from App ...

OilVoice Press - OilVoice


Posted 13 days agoOpinion > EIAEnergy Information Administration EIAUnited States +7

Why Four Experts Like this Small Cap Oklahoma STACK Play

The STACK oil and gas play in Oklahoma has caught the attention of the world's largest energy company, among many other large-cap producers, but investors can also find opportunity with a small-cap active in the area. While oil plays like the Permian Basin and the Bakken Formation have been ...

OilVoice Press - OilVoice


Posted 13 days agoOpinion > STACKOklahomaonshore +5

U.S. Fuel Ethanol Production Capacity Continues to Increase

Source: U.S. Energy Information Administration, U.S. Fuel Ethanol Plant Production Capacity Fuel ethanol production capacity in the United States reached more than 16 billion gallons per year, or 1.06 million barrels per day (b/d), at the beginning of 2018, according to EIA's most recent ...

OilVoice Press - OilVoice


Posted 14 days agoOpinion > United StatesUSEthanol +3

Coke, Meth And Booze: The Flip Side Of The Permian Oil Boom

By Tsvetana Paraskova for Oilprice.com The fastest-growing oil region in the U.S. is fueling not only the second American shale revolution—it's fueling a subculture of drug and alcohol abuse among oil field workers. The Permian shale play in West Texas is once again booming with drilling and i ...

Oilprice Staff


Posted 16 days agoOpinion > oilpricePermian BasinOil +4

In 2016, U.S. Energy Expenditures Per Unit GDP Were the Lowest Since at Least 1970

Source: U.S. Energy Information Administration, Monthly Energy Review and State Energy Data System U.S. energy expenditures declined for the fifth consecutive year, reaching $1.0 trillion in 2016, a 9% decrease in real terms from 2015. Adjusted for inflation, total energy expenditures ...

OilVoice Press - OilVoice


Posted 16 days agoOpinion > EIAEnergy Information Administration EIAUnited States +2

U.S. Distillate Fuel Inventories are Low for this Time of Year

Source: U.S. Energy Information Administration, Petroleum Supply Monthly and Short-Term Energy Outlook Inventories of distillate fuel, a category that includes both diesel and home heating oil, were 117.7 million barrels at the end of June, the lowest end-of-June level since 2004. Dist ...

OilVoice Press - OilVoice


Posted 19 days agoOpinion > United StatesUSDistillate Fuel +2

Strong Dollar Could Cap Oil Prices

By Irina Slav for Oilprice.com The strength of the U.S. dollar poses an obstacle to further gains in oil prices. President Trump's trade war with China, which is still in its early stages, has already battered the yuan. The dollar has gained more than 8 percent against the Chinese currency sinc ...

Oilprice Staff


Posted 19 days agoOpinion > oil priceUS Dollaroilprice +3

Chevron Reports Second Quarter Net Income of $3.4 Billion

Chevron Reports Second Quarter Net Income of $3.4 Billion Second quarter cash flow from operations $6.9 billion; $11.9 billion for six months Announces share repurchases, targeted at $3 billion per year Starts up fifth LNG train in Australia San Ramon, Calif., July 27, 2018 – C ...

OilVoice Press - OilVoice


Posted 19 days agoPress > ChevronResultsupstream +4

BHP: Sale of Onshore US Assets

BHP today announced that it has entered into agreements for the sale of its entire interests in the Eagle Ford, Haynesville, Permian and Fayetteville Onshore US oil and gas assets for a combined base consideration of US$10.8 billion, payable in cash. BP American Production Company, a wholly owned ...

OilVoice Press - OilVoice


Posted 19 days agoPress > BHPDivestmentAssets +9

ExxonMobil Starts Up New Ethane Cracker in Baytown, Texas

New 1.5 million ton-per-year cracker to supply company's expanded plastics plant in Mont Belvieu Together, projects represent company's largest chemical investment in the U.S. to date Have created thousands of jobs and will energize regional economy ExxonMobil said today that operations have ...

OilVoice Press - OilVoice


Posted 20 days agoPress > ExxonMobilExxonMobil CanadaExxon +4

Petsec Energy Announces Contracting of Drilling Rig for Main Pass 270 B-2 Well

Petsec Energy Announces Contracting of Drilling Rig for Main Pass 270 B-2 Appraisal/Development Well on the Hummer Gas/Oil Field, Gulf of Mexico, USA. Petsec Energy (the “Company”) is pleased to advise that the operator has contracted the Ensco 68 Jackup drilling rig to drill the Main Pass ...

OilVoice Press - OilVoice


Posted 21 days agoPress > Petsec EnergyDrillingOffshore +8

Petro River Discovers Largest Oil Field in Company History

Petro River Oil Corp ( PTRC ) (“Petro River” or the “Company”), an independent oil and gas exploration company that utilizes 3D seismic technology to discover and develop oil and gas reserves in proven oil and gas basins announced today the discovery of its largest oil field with the successful dril ...

OilVoice Press - OilVoice


Posted 22 days agoPress > OilOil FieldPetro River +6

Highlands Natural Resources: Final Results and Notice of AGM

Full Year Highlights Transformation into a revenue generative company with reduced cost base following the completion of two wells at the East Denver Niobrara Project £2.9 million of income delivered during four months up to 31 March 2018 from just two wells (2017: Nil) which sit in the top 3% ...

OilVoice Press - OilVoice


Posted 22 days agoPress > AGMHighlands Natural ResoucesEast Denver Project +4

Supply-side Shock Ahead in November?

  The US has just rebuffed high-level pleas from the European Union to grant exemptions to European companies operating in and with Iran, underlining America's hardline stance in implementing its renewed sanctions on Iran. The goal is, according to Treasury Secretary Steven Mnuchin, is to reduce ...

Easwaran Kanason


Posted 23 days agoOpinion > IranUSSanctions +4

Major Utilities Continue to Increase Spending on U.S. Electric Distribution Systems

Source: U.S. Energy Information Administration, Federal Energy Regulatory Commission (FERC) Financial Reports, as accessed by Ventyx Velocity Suite Spending on electricity distribution systems by major U.S. electric utilities—representing about 70% of total U.S. electric load—has risen 54% o ...

OilVoice Press - OilVoice


Posted 26 days agoOpinion > United StatesUSEIA +4