EIA – Page 72 – Oil & Gas 360

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

February 20, 2015

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. The last time inventories surpassed the five-year average was in November of 2013. Inventories ended the 2013-2014 winter withdrawal season

The Eagle Ford Shale has come a Long Way

January 21, 2015

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 to progress in unlocking the “code” of the Eagle Ford. The sprawling South Texas field has transformed from an emerging

Permian Production Nearing 2 MMBOPD in Latest EIA Report

January 12, 2015

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 gas plays are leading the charge, with the Permian projected to increase its output to 1,929 MBOPD and the Marcellus

EIA: Coal Stockpiles Up

December 30, 2014

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). Stockpiles at electric power plants totaled 136 million tons at the end of October, lower than in recent years for that

Oil, Gas Prices Fall Following Inventory Reports

December 29, 2014

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 the Energy Information Administration’s (EIA) Weekly Petroleum Status Report, released on December 24. “[The] inventories are well above the upper

Natural Gas Roundup for the Week Ended December 12, 2014

December 18, 2014

NATURAL GAS INVENTORY (Week Ended 12/05/14) Current: 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 COMMENTARY **All notes from 12/18/14** KLR Group Storage overview The EIA reported a 64 Bcf storage draw, 2 Bcf above our 62 Bcf

EIA Reports Record High Crude Oil Exports

November 3, 2014

Re-exporting Canadian Oil through U.S. According 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, marking the second highest monthly export volume since the EIA started publishing data in 1920. Due to current U.S. crude

EIA Reports on Benefits of U.S. Exports

October 31, 2014

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 from the chief of the International Energy Agency. According to a recent report by the Energy Information Administration (EIA), the

Higher Heat Content of NatGas Points to Ethane Rejection: EIA

October 24, 2014

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 closer to pure methane. High-Btu natural gas contains higher concentrations of natural gas liquids (mostly ethane and some propane) that have higher

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

October 3, 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 in the first half of 2013. The EIA attributes the drop to reduced demand for steam coal from Europe and

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

September 8, 2014

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 the Utica and Point Pleasant formations, increased from 115 million cubic feet per day (MMcf/d) in 2012 to an estimated

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

January 6, 2014

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 in October 2013 totaled 19.3 MMBOPD, an increase of roughly 3% from October 2012 levels. Crude oil production is up

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