News

Why US Oil Exports Are Booming and What It Means for Your Gas Prices

shutterstock_332932247.jpgCBN News | March 6, 2018 

The US will become the top oil producer in the world as soon as this year according to a prediction from the International Energy Agency.

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2017 A Record-Breaking Year For New Mexico Oil Production

2017 A Record-Breaking Year For New Mexico Oil ProductionInternational Agency Predicts Permian Oil Output to Double by 2023

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Quiz Time: How Well Do You Know This State's Oil & Gas Industry?

shutterstock_559271578.jpgT. Greg Merrion | Farmington Daily Times | February 25, 2018

1. The largest oil & gas operator in the San Juan Basin is…

a. ConocoPhillips

b. Dugan Production

c. Hilcorp

d. BP

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Analysis: U.S. Has Already Met 2025 GHG Reduction Target Thanks To Natural Gas

shutterstock_588140186.jpgSeth Whitehead | Energy in Depth | February 26, 2018

A new analysis by researchers from Carnegie Mellon University (CMU) finds that the United States has already met the Clean Power Plan’s (CPP) 2025 carbon emission reduction targets “primarily due to natural gas prices and market forces,” according to co-author and CMU professor Paul Fischbeck.

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Oil And Gas Operators Push For Use Of Recycled Water

shutterstock_588846938.jpgMella McEwen & Trevor Hawes | Midland Reporter-Telegram | February 21, 2018

Millions of gallons of water are needed to produce oil and gas, and in the water-challenged Permian Basin, that can mean problems with balancing the demands of the public, agriculture and the energy industry.

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Industry Innovation Drives U.S. Energy Renaissance

shutterstock_396672238.jpgMark Green | Energy Tomorrow | February 7, 2018

The broad, impactful outlines of the U.S. energy renaissance in a couple of recent data points:

- In November, U.S. crude oil production reached 10.038 million barrels per day – a level not seen in 50 years – largely with advanced hydraulic fracturing unlocking oil from tight-rock formations.

- The United States is projected to be a net exporter of energy by 2022 in most scenarios studied by the U.S. Energy Information Administration. Strong domestic production will play a major role, EIA says.

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