Only the Permian Basin increased its production of both crude oil and associated gas in 2020, the EIA said, but these increases did not offset declines in other U.S. shale plays.
The decision to waive sanctions on the company behind Russia’s Nord Stream 2 gas pipeline and its CEO came as the Biden administration seeks to rebuild ties with Germany.
Teague expects crude exports to grow.
The Marcellus and Utica shales provide enormous volumes of natural gas and NGLs for export outside the region, but what about the region itself? How are gas-use trends and industrial development evolving within Appalachia and which areas of industrial growth might be good targets for the future?
This operator shares how its position in the rich-gas regions of the basin gives it a fiscal advantage, and how it is wringing the most value from its NGL production.
Shell, which decided to build the plant in 2016, has not provided a cost estimate for the facility. Analysts have estimated the project will cost $6 billion to $10 billion.
Households in lockdown ramped up purchases for cooking; petrochemical output has increased to make protective gear.
Demand for energy storage has soared as the COVID-19 pandemic crushed fuel demand, spurring oil producers and traders to fill storage facilities across the U.S.