High gasoline prices have prompted some politicians to call for greater regulations on oil producers. Noting that oil production is only one of many factors that influence retail gasoline prices, the Federal Reserve Bank of Dallas finds that imposing regulations on oil producers would be an ineffective solution. The Dallas Fed also addresses accusations of price gouging.
Pew Survey Finds Americans Favor Increasing Gas Production For Export
Web Exclusive: LNG Export Survey
Most Americans, including a small majority of Democrats and Democrat-leaning independents, think the United States should increase natural gas production to export gas to Europe.
A field study designed to evaluate the wear resistance, abrasion resistance and corrosion resistance of boron-carbide (B4C) treated steel plungers found that the B4C treatment more than tripled plunger run life. PureWest Energy came to this conclusion after conducting an eight-well test in the Pinedale Anticline field of Wyoming.
In June, daily Permian output is forecast to hit all-time records of more than 5 MMbbl/d of oil and 20 Bcf/d of gas, according to U.S. Energy Information Administration models. If those projections hold true, it means daily production will have jumped by 260,000 barrels of oil and nearly 500 MMcf over the first six months of 2022.
Power Generation Sector Outpaces Booming LNG Exports To Lead U.S. Gas Demand Growth
June 2022 Markets & Analytics
Long before Russia launched an invasion of Ukraine, international natural gas benchmark prices were very clearly and very loudly signaling a sea change in supply and demand fundamentals. Driven by supply-side tightness and dwindling inventories, European and Asian spot prices gathered major momentum in late-winter and spring of 2021, pushing regional benchmark prices to all-time highs.
As part of a study at the Hydraulic Fracturing Test Site-2 (HFTS-2) in the Delaware Basin, permanent fiber optic cable was used to acquire unique surveys to evaluate spatial and temporal hydraulic fracture characteristics. Diagnostics included monitoring of both stimulation and production performance with the objective of improving distribution effectiveness for various completion designs.