News

Op-Ed: U.S. natural gas is critical to strengthening America’s national security

Richard D. Kauzlarich, RealClearWire | January 6th, 2022In recent months, European gas prices have risen as much as 700%, leaving millions of citizens vulnerable to a dangerously unstable grid and burdened with high electricity costs heading into this winter.

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France Turns to Coal as Nuclear Plant Shutdowns Threaten Power Grid

Pat Davis Szymczak, Journal of Petroleum Technology | January 10th, 2022France expects to exceed self-imposed limits on coal usage to avoid power outages. This comes as nuclear power plants undergo maintenance and there are not enough renewable energy systems to fill the gap.

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Permian Basin starts new year with more oil and gas deals, supply to meet demand in 2022

Adrian Hedden, Carlsbad Current-Argus | January 4th, 2022 Oil and gas’ momentum building in 2021 continued at the start of the year as multiple corporate deals indicated continued interest in the oil-rich Permian Basin of southeast New Mexico and West Texas.

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U.S. energy firms add oil, gas rigs for record 17th month in a row- Baker Hughes

Swati Verma and Brijesh Patel, Reuters | December 31st, 2021Dec 31 (Reuters) - U.S. energy firms added oil and natural gas rigs for a record 17 months in a row as higher prices lured some drillers back to the wellpad after last year's coronavirus-driven decline in demand.

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Bakken, Permian Push U.S. To Record Gas Flaring Lows

Bojan Lepic, Rigzone | December 17th, 2021Onshore gas flaring in the U.S. nosedived in the third quarter of 2021, falling to its lowest level since at least 2012, Rystad Energy stated.

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Permian to Bolster New Mexico Budget with 77% Jump in Oil, Natural Gas Revenue Forecast

Matthew Veazey, Natural Gas Intelligence | December 17th, 2021Higher-than-expected oil and natural gas production, as well as stronger prices, are giving New Mexico’s coffers a boost, the state’s Legislative Finance Committee (LFC) recently reported.

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