Pierce Plant & Gathering System Rimrock Energy Partners, LLC has begun construction on a new natural gas processing facility and extensive gas gathering system in Weld County, Colorado. The Pierce Plant & Gathering System will serve producers in the northwest portion of the DJ Basin’s Wattenberg Field. Rimrock Energy plans to complete the facility in Q1 2019. The plant will
Since 1990, China and India have accounted for 57% of the total increase in world energy consumption Earlier this week the EIA put out data that revealed that the world’s developing countries used higher amounts of electricity than OECD countries. In a graph, the heavy users were China, India, Brazil and Egypt, with the U.S., UK and Japan being close
GDP growth rates historically have been tied to electricity usage due to population growth and the need to generate more goods and services to serve the growing populations, but traditional metrics are changing. This relationship between energy usage and economic growth has changed in recent times for several reasons, according to a new study by the EIA. The EIA said
Several key new projects approved in Northeast Utica and Marcellus; 50 more in process Without pipelines to take Marcellus and Utica natural gas and liquids production to the markets that need the gas, the shale boom stagnates—it’s been a problem in the Northeast since shale gas drilling took off over a decade ago. But with the loud cry for takeaway
The EIA reported today that the U.S.’s expenditures for delivered energy totaled $1.127 trillion, or 6.2% of the nation’s GDP, in 2015—the lowest since 2004. The decrease was approximately 20% lower than expenses in 2014, which totaled a little over $1.4 trillion. Decreases in transportation prices Transportation expenditures made up approximately 45% of the $1.127 trillion, or about $507 billion.
Pioneer’s Scott Sheffield points to the Permian’s full potential, Cheniere CCO Anatol Feygin touts U.S. LNG export growth at the EIA 2017 Energy Conference It’s been an interesting week or two for U.S. energy on the world stage. The new administration’s pro-energy development posture has gone into overdrive. From energy-focused cabinet leaders mandating studies as to the need for new
International oil prices are contingent upon both the worldwide growth in oil production and the worldwide growth in oil inventories. Understanding the balance of these movements, and interpreting those movement is undertaken by the Energy Information Agency (EIA) and the International Energy Agency (IEA), in order to better evaluate and predict oil price movements. In the U.S., and across the
Global crude inventories will decrease build rate through 2018, EIA predicts In its recently released Short Term Energy Outlook, the EIA outlined its predictions for global production and consumption through 2018. An increase in production and seasonal drop in consumption is expected to push an increase in global crude inventories of 2.0 million BPD in the fourth quarter of 2016,
The EIA released its newest energy consumption and production projections today in its newest release of Annual Energy Outlook 2017. Across most cases, natural gas production increases despite relatively low and stable natural gas prices, supporting higher levels of domestic consumption and natural gas exports. Projections are sensitive to resource and technology assumptions, the EIA said. U.S. natural gas consumption
The EIA reported the number of uncompleted wells rose for the first time since July The Energy Information Administration (EIA) released its monthly Drilling Productivity Report Monday. The November report forecasts that both oil and gas production in the United States will decline by 20 MBOPD and 94 MMcf/d, respectively, and also noted that the number of drilled but uncompleted
EIA report predicts production to drop in every region except the Marcellus and the Permian The Energy Information Administration released its monthly drilling report Monday forecasting production will fall throughout many of the basins in the United States in November compared to this month, even as new rigs continue to produce more on a per-rig basis. The report, called the
July 27, 2016 CRUDE OIL INVENTORY/000 BBLS Week Ended 7/22/2016 Current Inventory: 521,133 Actual Build/(Draw): 1,671 Economist Average Estimate: (2,020) Previous Inventory: 519,462 Crude oil storage increased for the first time after nine weeks of storage draws. Economist’s estimates called for a draw of 2 million barrels, but the week’s data showed a build of 1.7 million barrels
