Last week, ExxonMobil (NYSE:XOM) reported Q 2 2021 earnings in one of Big Oil’s most anticipated scorecards this earnings season. The United States’ largest oil and gas company posted stellar earnings that proved that the worst for the U.S. shale industry might finally be […]
Source: U.S. Energy Information Administration, Monthly Energy Review and State Energy Data System Energy intensity—calculated as total energy consumption divided by real gross domestic product (GDP)—is a common energy indicator and efficiency measure. In 2020, U.S. energy intensity reached a low […]
Source: Graph by the U.S. Energy Information Administration, based on data from Bloomberg On July 18, OPEC+, which includes most members of OPEC and several non-OPEC members (including Russia), agreed to increase monthly crude oil production starting […]
ENB Publishers Note: Weather (Pun) climate change is real or not is not the discussion we should be concerned about. But rather the total impact of manufacturing “renewable” power. The population around the world is […]
Cabot Oil & Gas Corp. and Southwestern Energy Co. were the latest Appalachian operators to report weak price realizations in the second quarter when pipeline constraints widened basis differentials in the Northeast. U.S. benchmark prices climbed during […]
A potential solution to this problem emerged this week. The Biden administration’s $1 trillion infrastructure bill passed its first hurdle. The bill sets aside $73 billion to modernize the electric grid. Out of that amount, […]
ExxonMobil pumped 400,000 b/d of oil equivalent from the Permian Basin in Q2 021, which it aims to increase by 40,000 boe/d in Q3 through continued operating efficiencies, the company said July 30. Jack Williams, […]
New Mexico’s oil production surged to a record in May, lifting output to the second-highest in the nation and highlighting the Permian Basin’s role in leading the shale industry’s rebound from the pandemic. The southwestern […]
Source: U.S. Energy Information Administration, Monthly Energy Review Note: Click for full U.S. CO2 emissions chart. In 2020, as the country responded to the COVID-19 pandemic, CO2 emissions from energy consumption in the United States fell to the lowest level since […]
As demand for clean energy surges, would-be developers are struggling to find enough transmission lines to carry power to the people. One increasingly popular solution: retired coal plants. Much as a special-purpose acquisition company offers […]
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