Raymond James estimates U.S. production has been declining since March The oil market may be tighter than many realize, according to analysis from Marshall Adkins and researchers at Raymond James. In a follow up to the research they did on the International Energy Agency’s (IEA) 1.2 MMBOPD of missing production, Adkins and his team delved into the Energy Information Administration’s
On a month-over-month comparison, few changes stood out in the Energy Information Administration’s (EIA) Short Term Energy Outlook (STEO) for July 2015. Oil price projections are relatively consistent, and 2015 production was even revised upward by 0.1 MMBOPD. The declines in natural gas production, however, is projected to come to an end in June and will return to a growth
Mountaintop removal makes up most of West Virginia’s surface production Coal production from the use of mountaintop removal (MTR) has declined by 62% since 2008, according to information from the Energy Information Administration (EIA). Total U.S. coal production was down just 15% from 2008 to 2014, while coal mined through surface production methods, which includes MTR, was down 21% in
The EIA adds 10 states to its monthly natural gas reports The Energy Information Administration (EIA) added 10 additional states to its geographic coverage of natural gas production this week. The states that will now be included in the EIA’s monthly coverage are Arkansas, California, Colorado, Kansas, Montana, North Dakota, Ohio, Pennsylvania, Utah and West Virginia. The EIA said the
U.S. refining capacity rose by 0.2% in 2014 Refining capacity in the United States – measured as operable atmospheric crude distillation unit (CDU) capacity – increased by 0.2% in 2014, reaching a total capacity of 18 MMBOPD, according to the Energy Information Administration’s (EIA) Refinery Capacity Report. The refinery capacity reported for the beginning of 2015 includes expansions that were
Views include oil and gas wells, pipelines, coal mines, power plants-oil, coal, nuclear, gas, transport terminals, market hubs, wind and solar capacity, administrative boundaries The Energy Information Administration (EIA) has published a mapping tool that lets energy companies and analysts to look at the U.S. energy infrastructure through different lenses. These map layers can be presented over several base layers
Extraction pricing feeling the most pressure The decision by E&P companies to cut capital expenditures and increase efficiencies following the dramatic fall in oil prices put downward pressure on other sectors of the oil and gas industry. The Bureau of Labor Statistics (BLS) tracks the rates oil and natural gas service companies are receiving for goods and services through its
Higher crack spreads led to better refining margins for Integrated Oils, but can’t offset their upstream loses Integrated oil and gas companies saw much higher profits from their refining operations in the first quarter of this year than in Q1 2014, but it is not enough to offset the effects of the precipitous fall of crude oil prices on the
West Texas Intermediate is expected to average $5 less than Brent for 2015-2016 The Energy Information Administration (EIA) released its Short Term Energy Outlook (STEO) for the month of May, showing prices for both Brent and West Texas Intermediate (WTI) are stronger than in the past. Brent crude averaged $64/bbl in May while WTI averaged $59/bbl, both up $5 from
As West Coast production falls, more crude oil is being shipped by rail Crude oil shipped to West Coast refiners has increased by a factor of 8 since 2012, according to the Energy Information Administration (EIA). In the first quarter of 2015, crude by rail shipments to the West Coast Region (PADD 5) averaged 191 MBOPD, more than 8 times
Cushing storage goes above 71,409,000 barrels of oil The Energy Information Administration (EIA) released its biannual Working and Net Available Shell Storage Capacity Report, providing a picture of refinery and storage utilization throughout the United States. The report covers utilization in every Petroleum Administration Defense District (PADD) across the U.S., but the Midwest (PADD2), which includes the storage facilities at
Lower crude prices and higher demand for gasoline driving higher margins Gasoline crack spreads in the United States, especially on the U.S. East Coast, have reached several-year highs in recent months. A recent note from the Energy Information Administration (EIA), looked at crack spreads in order to get an idea of refiner profitability. In April 2015, wholesale conventional gasoline in
