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 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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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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Natural gas is anticipated to exceed coal as America’s power source in 2016, according to Energy Information System. For years, coal has been the primary source of energy in the United States. It’s powered light bulbs, hospitals, and computers. But coal’s grip on the industry is weakening. 2016 is predicted to be the first year […]
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Construction of a natural-gas powered electric plant is set to begin soon in Lordstown, Ohio. The plant is expected to power 750,000 to 800,000 homes in Ohio and Pennsylvania. Construction could begin as soon as Thursday, according to Clean Energy Construction. The Massachusetts-based company said Lordstown was an ideal location because it is nearly halfway […]
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The U.S. Justice Department is preparing to the stop the merger of Halliburton Co. and Baker Hughes Inc., according to the Wall Street Journal. The nearly $35 billion deal was struck to merge to the world’s second and third largest oil commodities. The impeding lawsuit would be the largest opposition the deal has faced since […]
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The Philadelphia Energy Action Team announced plans on Wednesday to double the volume of natural gas being used by Southeastern Pennsylvania, Northern Delaware, and Southern New Jersey. The group is seeking to rejuvenate the area’s economy by tapping into methane, butane, and other gases found in the Marcellus Shale. In a statement, the group acknowledges […]
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NEWSOK By Jay F. Marks Gulfport Energy Corp. is getting the hang of things in the Utica Shale. Gulfport rose to No. 9 in this year’s Oklahoma Inc. rankings, fueled by a 52.6 percent increase in revenues. That was fourth best among state companies over the past year. The Oklahoma City-based oil and natural gas […]
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