Post Tagged with: "EIA"

Higher Gasoline Costs Sent Consumer Price Index Soaring in April - 360

Gas Prices Lowest in Six Years

The EIA predicts fuel prices will be at their lowest since 2009 this summer

Drivers in the United States are expected to pay the lowest gas prices this summer since 2009, reports the Energy Information Administration (EIA). Drivers are …

April 8, 2015 - 6:15 pm Oil and Gas 360 Articles
OPEC Export Revenues Could Fall by Almost 50% in 2015:  EIA

OPEC Export Revenues Could Fall by Almost 50% in 2015:  EIA

The Energy Information Administration (EIA) projects net export revenues for the Organization of Petroleum Exporting Countries (OPEC) to fall by roughly 50% on a year-over-year basis in 2015, according to a report issued on March 31, 2015. The study excludes …

April 1, 2015 - 5:57 pm Oil and Gas 360 Articles, OPEC
Production Predicted to Decline in Three Major U.S. Basins

Production Predicted to Decline in Three Major U.S. Basins

The EIA predicts overall U.S. production to continue growing despite declines in the Eagle Ford, Niobrara and Bakken plays.

The Energy Information Administration’s (EIA) most recent Drilling Productivity Report (DPR), which covers the months of March and April 2015, include …

March 17, 2015 - 4:19 pm Oil and Gas 360 Articles
Production Beginning to Slow in EIA’s March Drilling Productivity Report

Production Beginning to Slow in EIA’s March Drilling Productivity Report

The Energy Information Administration’s (EIA) Drilling Productivity Report, a monthly breakdown on production by basins, typically forecasts production increases across the United States’ seven most prolific plays. The latest edition, released on March 9, 2015, projects production in April …

March 10, 2015 - 6:42 pm Commodity Pricing, Oil and Gas 360 Articles, OPEC
Fuel: Electricity Generation – Plans for 2015

Fuel: Electricity Generation – Plans for 2015

EIA: Scheduled 2015 utilities capacity additions will be mostly wind and natural gas

Natural Gas Replacing Coal

The Energy Information Administration (EIA) expects electrical generating companies to add more than 20 gigawatts (GW) of utility-scale generating capacity to the power …

March 10, 2015 - 6:30 pm Analytics, Oil and Gas 360 Articles
What is Fueling the Crude Oil Inventory Rally?

What is Fueling the Crude Oil Inventory Rally?

crude_oil_inventory022015Crude oil inventories rose yet again in the Energy Information Administration’s (EIA) report for the week ended February 20, 2015, setting another record high. For those keeping track, the inventory has climbed by more than 60 million barrels since its …

Source: Indianaaffairs.gov

EIA – Coal Production Down Throughout the U.S.

The EIA’s weekly coal report shows production has fallen 14%

The Energy Information Administration’s (EIA) weekly coal production report for the week ended February 21, 2015, shows continued declines in coal production in the United States. According to the …

February 26, 2015 - 1:23 pm Oil and Gas 360 Articles
Natural Gas Inventory Exceeds Five-Year Average for First Time since 2013: EIA

Natural Gas Inventory Exceeds Five-Year Average for First Time since 2013: EIA

Working natural gas storage has surpassed five-year average levels for the first time in more than a year, reports the Energy Information Administration (EIA). At 2,157 Bcf as of February 13, stocks are 58 Bcf greater than the five-year average.…

February 20, 2015 - 2:07 pm Oil and Gas 360 Articles
Light-Sweet Crude Oil Imports to Gulf Coast Virtually Eliminated

Light-Sweet Crude Oil Imports to Gulf Coast Virtually Eliminated

The EIA reports that imports of light-sweet and light-sour grade crude to the Gulf Coast is now almost nonexistent

The Energy Information Administration (EIA) reported today that imports of light-sweet and light-sour crude to the United States Gulf of Mexico …

February 10, 2015 - 6:38 pm Oil and Gas 360 Articles
EIA: Iraq Oil Production Growth was World’s Second Largest in 2014

EIA: Iraq Oil Production Growth was World’s Second Largest in 2014

Despite supply disruptions and security threats, Iraq was the second-leading contributor to global oil supply growth in 2014

According to information released by the Energy Information Administration (EIA) today, Iraq’s production growth in 2014 was the second largest in the …

February 9, 2015 - 6:20 pm Oil and Gas 360 Articles, OPEC
EIA: Production Expected to Withstand Falling Rig Count

EIA: Production Expected to Withstand Falling Rig Count

The Energy Information Administration does not expect production to fall alongside rig counts

The Energy Information Administration (EIA) released a note today saying production is expected to remain relatively stable, despite lower rig counts. According to the EIA, a backlog …

January 26, 2015 - 5:56 pm Oil and Gas 360 Articles
The Eagle Ford Shale has come a Long Way

The Eagle Ford Shale has come a Long Way

The Energy Information Administration (EIA) released an updated geologic layout of the Eagle Ford Shale this morning, detailing the play’s thickness, footprint, elevation, and initial gas to oil ratios (GORs). The industry, as they do with all shale plays, continues …

January 21, 2015 - 6:01 pm Fracing, Oil and Gas 360 Articles, Politics & Opinions
Permian Production Nearing 2 MMBOPD in Latest EIA Report

Permian Production Nearing 2 MMBOPD in Latest EIA Report

The Drilling Productivity Report, released monthly by the Energy Information Administration, expects production in all seven listed regions to rise in February even though companies are laying down rigs and reducing operations.

The two respective giants of the oil and …

EIA: Coal Stockpiles Up

EIA: Coal Stockpiles Up

Coal stockpiles are improving after being depleted by cold weather and rail problems last year.

Coal stockpiles increased by more than 12 million tons in October 2014, the largest build since 2011, reports the U.S. Energy Information Administration (EIA).…

December 30, 2014 - 12:01 pm Oil and Gas 360 Articles
Oil prices turned firmly lower during midday trading on Tuesday. Crude futures were little changed earlier in the session, depressed by a report of record Saudi production but supported by expectations that oil exporters would agree to cut output at an OPEC meeting next week. Oil & Gas 360

Oil, Gas Prices Fall Following Inventory Reports

Oil, Gas Prices Aside, the U.S. Economy, DJIA and Drillers Move Ahead

Oil prices inched lower this morning, with West Texas Intermediate (WTI) and Brent below $54 and $58, respectively. Crude oil inventories increased by 7.3 million barrels, according to …

December 29, 2014 - 4:49 pm Analytics, Commodity Pricing, Oil and Gas 360 Articles
U.S. Crude Production Expected to Grow Despite Low Prices – EIA

U.S. Crude Production Expected to Grow Despite Low Prices – EIA

Low oil prices won’t keep production from growing half a million barrels a day next year according to the EIA

Crude production in the U.S. is expected to increase by 0.7 MMBOPD in 2015 despite low commodity prices, according to

December 19, 2014 - 6:23 pm Oil and Gas 360 Articles
Natural Gas Roundup for the Week Ended December 12, 2014

Natural Gas Roundup for the Week Ended December 12, 2014

NATURAL GAS INVENTORY (Week Ended 12/05/14)

roundup21Current: 3,295 Bcf

Actual Injection/(Withdrawal): (64) Bcf

Economist Average Estimate: (61) Bcf

Previous: 3,359 Bcf

Click here for the chart with five year averages.

Click here for an archive of EnerCom’s Inventory Reports


ANALYST …

December 18, 2014 - 5:46 pm Commodity Pricing, Oil and Gas 360 Articles
OPEC Revenues to fall 46% by the end of 2015

OPEC Revenues to fall 46% by the end of 2015

The Energy Information Administration (EIA) estimates that OPEC revenues from net oil exports will fall substantially from 2013 levels. The EIA estimates that OPEC, excluding Iran, will earn about $700 billion in revenue from exports in 2014.The forecast is a …

December 17, 2014 - 2:19 pm Oil and Gas 360 Articles, OPEC
EIA – U.S. Household Gasoline Expenditures in 2015 could be the Lowest in 11 Years

EIA – U.S. Household Gasoline Expenditures in 2015 could be the Lowest in 11 Years

Falling prices at the pump will lead to U.S. households spending less on gas next year than in the last eleven years, according to a forecast from the Energy Information Administration (EIA).

The average U.S. household is expected to spend …

December 16, 2014 - 6:38 pm Oil and Gas 360 Articles
EIA: U.S. Proved Reserves of Oil and NatGas at Record Highs

EIA: U.S. Proved Reserves of Oil and NatGas at Record Highs

The EIA reported today that U.S. proved reserves of oil increased for the fifth year in a row in 2013, while U.S. natural gas proved reserves increased 10% and are now at an all-time high.

A net addition of 3,100 …

December 4, 2014 - 12:20 pm Oil and Gas 360 Articles
Well Permits in the U.S. down as Companies Wait for Better Price Environment

Well Permits in the U.S. down as Companies Wait for Better Price Environment

Data from Drilling Info Inc. shows the amount of new well permits being issued across the United States dropped 40% in the last month, reports Reuters. The information, which was released yesterday, showed only 4,520 new well permits were …

December 3, 2014 - 6:47 pm Oil and Gas 360 Articles
Implied Gasoline Demand at Near Record Highs

Implied Gasoline Demand at Near Record Highs

Global Hunter Securities reported implied gasoline demand for motor gasoline is 568.6 MBOPD more than the 5-year average for demand (including 2014). Based on information from the United States Energy Information Administration (EIA), implied demand for motor gasoline increased by …

December 3, 2014 - 6:26 pm Oil and Gas 360 Articles
New EIA Tool Details Import Adjustments in Response to U.S. Shale

New EIA Tool Details Import Adjustments in Response to U.S. Shale

New Tool is part of EIA’s “ongoing effort to assess the effects of a possible relaxation of current limitations on U.S. crude oil exports”

The Energy Information Administration has unveiled the unofficial version of its U.S. Crude Oil Import Tracking …

November 21, 2014 - 3:35 pm Oil and Gas 360 Articles
EIA Reports Record High Crude Oil Exports

EIA Reports Record High Crude Oil Exports

Re-exporting Canadian Oil through U.S.

US Crude oil exports twip141022fig1-lgAccording to an Energy Information Administration (EIA) report released October 31, crude oil exports reached their highest levels in 57 years in July.  The EIA reported that the United States exported 401,000 BOPD in July, …

November 3, 2014 - 2:00 pm Canada, Midstream, Oil and Gas 360 Articles, Oil Sands
EIA Reports on Benefits of U.S. Exports

EIA Reports on Benefits of U.S. Exports

Exports of liquefied natural gas (LNG) are set to begin in 2015, and the number of United States LNG export stations are expected to triple by 2019. The next phase of U.S. energy is almost here, regardless of dissenting opinions …

Higher Heat Content of NatGas Points to Ethane Rejection: EIA

Higher Heat Content of NatGas Points to Ethane Rejection: EIA

The EIA has begun tracking heat content of end-use natural gas, providing state-to-state comparisons of natural gas consumption. Gas in states with heavy ethane rejection generates more British Thermal Units (Btus) per cubic foot than states whose gas content is …

October 24, 2014 - 7:01 pm Oil and Gas 360 Articles, Oilfield Services
U.S. Coal Exports Drop 16% in First Half of 2014

U.S. Coal Exports Drop 16% in First Half of 2014

U.S. coal exports continued to decline from record volumes in 2012, according to an EIA report out today.

In the first half of 2014, U.S. coal exports were at 52.3 million short tons (MMst), down 16% from the export levels …

October 3, 2014 - 11:12 am International, Oil and Gas 360 Articles
Utica Gas Output Up to 1.5 Bcf/day from 115 MMcf/day in 2012

Utica Gas Output Up to 1.5 Bcf/day from 115 MMcf/day in 2012

The EIA came out with its Drilling Productivity Report today, calling the Utica Region in eastern Ohio one of the fastest growing natural gas production areas in the United States.

“Total natural gas production in the Utica Region, which includes …

September 8, 2014 - 4:58 pm Oil and Gas 360 Articles, Oilfield Services

Petroleum Continues to Pace United States’ Energy Demand; Natural Gas Gains Ground

2013 is in the books as one of the most productive years in E&P history, and the United States is soaking up the flowing oil from the country’s prolific shales. According to the Energy Information Association (EIA), U.S. oil demand …

January 6, 2014 - 1:47 pm Offshore, Oil and Gas 360 Articles
EIA Provides a Glimpse of 2013 Annual Energy Outlook to 2040

EIA Provides a Glimpse of 2013 Annual Energy Outlook to 2040

EIA’s Annual Energy Outlook (AEO) Early Release report was published on December 5, 2012, as a teaser to its full report to be published in the spring of 2013.  Nonetheless, the energy trends brought forth in the report were illuminating …

December 7, 2012 - 3:12 pm Offshore, Oil and Gas 360 Articles