Pennsylvania Producing 20% of Nation’s Natural Gas

The  U.S. Energy Information Administration recently produced natural gas statistics showing that in 2016, the state of Pennsylvania produced 5.26 trillion cubic feet of natural gas which accounts for 20% of all the natural gas produced in the U.S.! In the below chart, you can see just when the jump started to increase and that is […]

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Russia Cuts Oil Output, Per Agreement with OPEC

Russia cut its oil production in early January by around 100,000 barrels per day (bpd) from December, after a signed deal with Organization of the Petroleum Exporting Countries (OPEC). The production cut is a third of what Russia has pledged. In December, non-OPEC producers agreed to ax production by 600,000 with half of the contribution […]

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OPEC Cuts Production in First Agreement Since 2008

At the Organization of the Petroleum Exporting Countries (OPEC) Meeting on November 30 in Vienna, it was agreed upon that overall production would be cut by 1.2 million barrels a day, pushing oil prices up by almost 10%, above $50 a barrel. OPEC produces a third of global oil, or around 33.6 million barrels per […]

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Donald Trump’s Plans for Fracking Industry

Now that Americans have elected Donald Trump into office, we can expect American oil and gas production to surge. Going by his campaign promises, Americans will see more fracking, more pipelines, and no carbon tax. Trump has promised to repeal the Environmental Protection Agency regulations that would curtail carbon dioxide emissions from power plants — […]

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Saudi Arabia’s Hostage

Almost two years ago, the increased oil production by Organization of the Petroleum Exporting Countries (OPEC), led by Saudi Arabia, drove down oil prices to nearly $50/bbl, the price at which many shale producers could not break-even, initiating an economic oil war against the United States. But their plan has backfired, since OPEC has failed […]

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Week in Review: April 18th

These are the biggest articles circulating the natural gas industry for the week of April 18, 2016. Kane Lawsuit Delays Natural Gas Royalties Settlement Payment – TribLIVE By David Conti Kathleen Kane, the Pennsylvania Attorney General, has embarked on far-reaching legal battle over natural gas royalties. The lawsuit delayed the payment of nearly $11 million […]

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Week of Review: April 11th

Here are the biggest articles circulating the shale and natural gas industry for the week of April 11th, 2016. Why Crude Oil Prices Keep Taking us by Surprise – VOX By Brad Plumer Though most people understand how global economics and oil prices are interlaced, analysts are largely surprised by the swing of oil prices. […]

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Shell Buys Hotel Property in Beaver County, PA

Royal Dutch Shell bought the former Kubuta Hotel in Beaver County, PA adding to its real estate holdings in the Marcellus Shale. The Pittsburgh Business Times reports, the hotel sits by the new construction of an ethane cracker plant. Though, Shell has not confirmed if development will continue on the plant, the company continues to […]

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Week in Review: March 28th

Amid Coal Bankruptcies, Miners to Rally in Waynesburg for Benefits – Power Source By Daniel Moore Over 5,000 members of the United Mine Workers of America came to Waynesburg, PA to save pensions and healthcare programs for retiring miners. Financial burdens have swept the industry, forcing the annulment of union contracts. During bankruptcy procedures, judges […]

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Oil Closes Near $38 After Taking Hit

U.S. crude prices fell since this morning, despite briefly rising due to a weaker dollar. Oil prices have steadily increased since Tuesday afternoon, just after Federal Reserve Chairman Janet Yellen announced a careful approach to raising interest rates. Historically, a weaker dollar inflates oil prices, since crude is priced in dollars. U.S. crude ended the […]

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