Home / Tag Archives: energy information administration

Tag Archives: energy information administration

Natural gas flaring in North Dakota has declined sharply since 2014

natural gas flaring in North dakota

The volume of North Dakota’s natural gas production that is flared has fallen sharply in both absolute and percentage terms since 2014. In March 2016, 10 percent of North Dakota’s total natural gas production was flared, less than one-third of the January 2014 flaring rate, which was at 36 percent. Flaring rates and volumes have significantly decreased as North Dakota’s ...

Read More »

Report: California carbon tax hikes gas prices 11 cents

SACRAMENTO, Calif. (AP) — The California Legislature’s nonpartisan analyst estimates the state’s pollution tax has raised gasoline prices by 11 cents per gallon and diesel prices by 13 cents, according to a month-old letter released on Thursday. The pollution tax costs drivers collectively about $2 billion a year, Legislative Analyst Mac Taylor said. His staff calculated the estimate in response ...

Read More »

Kuwait says fire at northern oil well has been contained

KUWAIT CITY (AP) — A fire that erupted at an oil well in northern Kuwait has been extinguished, the Gulf nation’s state news agency reported Wednesday. Government-run Kuwait Oil Co. announced the fire earlier in the day, with an official saying that firefighters were working to put it out. Company spokesman Saad al-Azmi was quoted by the official Kuwait News ...

Read More »

New gloom for Rockies coal with Arch bankruptcy filing

CHEYENNE, Wyo. — The beginning of bankruptcy proceedings for the nation’s second-biggest coal company cast another dark cloud over the economy of Wyoming and other states in the top coal-producing region, following a bankruptcy filing by another major coal operator last year. Arch Coal Inc.’s Chapter 11 reorganization announced Monday won’t affect employee pay or benefits, cause mines to close, ...

Read More »

Oil on the export market: Good or bad?

Critics are quick to note the similarities between today and the Nixon-Ford-Carter 1970s. Now, we can add one more parallel. The U.S. once again is an oil exporting country. Somewhere in the bowels of of the monstrous $1.1 trillion spending bill Congress rammed through Dec. 18 can be found approval for the U.S. to flip the “on” switch to the ...

Read More »

Marcellus and Utica remain on top at the bottom of 2015

Some toast to new beginnings, others toast to new resolutions, but the Marcellus and Utica shales will be toasting the past four years as the clock ticks into 2016 on Friday.  Together, the two oil plays account for 85 percent of U.S. natural gas production growth since 2012 according to the Drilling Productivity Report (DPR) the Energy Information Administration (EIA) ...

Read More »

Four countries added to global shale oil, natural gas assessment

global shale resources

The Energy Information Administration continues to expand its assessment of technically recoverable shale oil and natural gas resources around the world. The organization added four new countries – Chad, Kazakhstan, Oman and the United Arab Emirates – to the previous 42 countries.  The additions resulted in a 13 percent increase in global assessed total resource estimate for shale oil and ...

Read More »

Stein’s law says oil prices will rise: Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON – “If something cannot go on forever, it will stop,” according to Herbert Stein, former chief economist to U.S. President Richard Nixon (“What I think: essays on economics, politics and life” 1998). Stein’s law is one of the most simple but important statements in economic theory, ...

Read More »

Oil prices edge up on reports of falling inventories, higher refinery runs

SINGAPORE – Crude oil prices edged up in early trading on Wednesday following reports of falling stockpiles and rising refinery activity, but analysts said the market would remain under pressure for the rest of the year and into 2016. Industry group American Petroleum Institute (API) said late on Tuesday that U.S. crude stockpiles fell last week by 482,000 barrels due ...

Read More »