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Natural Gas Storage Design Capacity Increased Slightly in 2017

Source: U.S. Energy Information Administration, Underground Natural Gas Working Storage Capacity Over the past four years, relatively little new underground natural gas storage capacity was built in the Lower 48 states. EIA measures natural gas storage capacity in two ways: design capaci ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > United StatesUSEIA +3

EIA Uses Two Simplified Metrics to Show Future Power Plants’ Relative Economics

Source: U.S. Energy Information Administration, Levelized Cost and Levelized Avoided Cost of New Generation Resources in the Annual Energy Outlook 2018 EIA's long-term outlook for the electric power sector considers both the cost to build and operate power plants as well as the value those ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > EIAEnergy Information Administration EIAUnited States +3

U.S. Net Energy Imports in 2017 Fall to Their Lowest Levels Since 1982

Source: U.S. Energy Information Administration, Monthly Energy Review , Table 1.4a & 1.4b Total net energy imports to the United States fell to 7.3 quadrillion British thermal units (quads) in 2017, a 35% decrease from 2016 and the lowest level since 1982, when both gross imports and gross ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > United StatesUSEnergy +5

U.S. Liquefied Natural Gas Exports Quadrupled in 2017

Source: U.S. Energy Information Administration, Natural Gas Monthly U.S. exports of liquefied natural gas (LNG) reached 1.94 billion cubic feet per day (Bcf/d) in 2017, up from 0.5 Bcf/d in 2016. As LNG exports increased, shipments went to more destinations. U.S. LNG exports in 2017, all o ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > EIAEnergy Information Administration EIAUnited States +6

EIA’s Estimates for Texas Crude Oil Production Account for Incomplete State Data

Source: U.S. Energy Information Administration, Petroleum Supply Monthly , and the Texas Railroad Commission Crude oil and lease condensate production data for Texas, published by EIA in its Petroleum Supply Monthly (PSM) and by the Texas Railroad Commission (TRRC), reflect difference ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > EIAEnergy Information Administration EIATexas Crude Oil +4

Fed Raises Rates 25bp – Where Are We in the Market Cycle?

With the news today from the US Fed and the rate hike, we should all be asking ourselves “where are we in the market cycle” so that we can prepare for and identify proper trades that may set up in our future.  One thing is for sure; we are not in the perpetual easing environment of the past 7+ year ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > The Technical TradersFedUnited States +5

Residential Heating Oil and Propane Prices Up From Last Winter

Source: U.S. Energy Information Administration, State Heating Oil and Propane Program Residential heating oil and propane prices have been higher this winter than last winter. U.S. average heating oil and propane prices this season were 17% and 11% higher, respectively, because of slightly ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > United StatesUSEIA +4

Tight Oil Money Return on Investment Eagle Ford Shale Case History

The Eagle Ford Shale Play - San Antonio Located in South Texas between San Antonio and Corpus Christi. Horizontal drilling and hydraulic fracturing began in 2008. Approximately 17,000 producing wells. February production was 935,000 bo/d, down from 1,324,000 in December 2014. 71 ...

Art Berman - The Petroleum Truth Report


Posted 1 year agoOpinion > Art BermanShaleEagle Ford Shale +9

ExxonMobil Considers Polypropylene Production Expansion Along U.S. Gulf Coast

Facility to manufacture high-performance, lightweight durable plastics Final investment decision could come later this year Project startup as early as 2021 IRVING, Texas--( BUSINESS WIRE )-- ExxonMobil said today it has started detailed engineering work on a potential U.S. Gulf Coast ...

OilVoice Press - OilVoice


Posted 1 year agoPress > Gulf CoastUnited StatesUS +5

The United States Exported More Natural Gas Than it Imported in 2017

Source: U.S. Energy Information Administration, Natural Gas Monthly The United States exported more natural gas than it imported in 2017, marking the first time since 1957 that the United States has been a net natural gas exporter. The transition to net exporter occurred as natural gas pro ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > EIAEnergy Information Administration EIAUnited States +6

U.S. Department of Energy Announces $32.5 Million to Advance Solid Oxide Fuel Cell Technologies

WASHINGTON, D.C. - The U.S. Department of Energy (DOE) has announced up to $32.5 million in federal funding for cost-shared research and development (R&D) to advance solid oxide fuel cell technologies (SOFC). The selected projects will fall under the Office of Fossil Energy's two funding opport ...

OilVoice Press - OilVoice


Posted 1 year agoPress > United StatesUSDepartment of Energy +4

S&P Global Platts Survey of Analysts Suggests U.S. EIA Data to Show 100-Bcf Draw to Natural Gas Stocks

WASHINGTON (March 14, 2018) – The U.S. Energy Information Administration (EIA) on Thursday is expected to report a 100-billion cubic feet (Bcf) withdrawal for the week that ended March 9, according to a survey of analysts by S&P Global Platts, the leading independent provider of information and ben ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > S&P Global PlattsUnited StatesUS +4

The Value of U.S. Energy Exports to Mexico Exceeded Import Value for Third Year in a Row

Source: U.S. Energy Information Administration, based on U.S. Census Bureau In each of the past three years, the value of U.S. energy exports to Mexico has exceeded the value of U.S. energy imports from Mexico. Energy trade between Mexico and the United States has historically been driven by ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > United StatesUSEIA +4

Matra Petroleum Agrees to Acquire Producing Oil and Gas Reserves and Secure Financing for 2018 Drilling Program

Matra Petroleum AB ("Matra") and entities controlled by Melody Capital Partners, LP ("Melody") have signed a non-binding term sheet under which Matra will acquire 22 oil and gas leases in the Texas Panhandle region, adding proved reserves of approx. 4.0 million barrels of oil equivalent. Current ...

OilVoice Press - OilVoice


Posted 1 year agoPress > Matra PetroleumUnited StatesUS +7

Our Latest Oil Predicament

Posted on March 13, 2018 by Gail Tverberg It is impossible to tell the whole oil story, but perhaps I can offer a few insights regarding where we are today. [1] We already seem to be back to the falling oil prices and refilling storage tanks  scenario. US crude oil stocks hit th ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > Crude oilLiquidsUnited States +2