MARKET INTELLIGENCE & INDUSTRY NEWS

Electricity generation from fossil fuels declined in 2017 as renewable generation rose

According to EIA’s Electric Power Monthly, total U.S. net electricity generation fell slightly (down 1.5%) in 2017, reflecting lower...

U.S. crude oil exports increased and reached more destinations in 2017

U.S. crude oil exports grew to an average of 1.1 million barrels per day (b/d) in 2017, the second full year since restrictions on crude...

Oil wells drilled horizontally are among the highest-producing wells

Oil wells drilled horizontally through hydrocarbon-bearing formations are often among the most prolific oil wells in the United States....

Offshore oil production in deepwater and ultra-deepwater is increasing

Global offshore oil production (including lease condensate and hydrocarbon gas liquids) from deepwater projects reached 9.3 million...

U.S. crude oil imports increase during first half of 2016, the first increase since 2010

U.S. gross crude oil imports increased by 528,000 barrels per day (b/d), or 7%, during the first half of 2016 compared to the first half...

United States exports distillate from the Gulf Coast while importing it on the East Coast

U.S. distillate exports increased 85,000 barrels per day (b/d) in 2015, reaching nearly 1.2 million b/d. Distillate exports in the first...

Hydrocarbon production in the Utica play increasingly targets natural gas-rich areas

Production of oil and natural gas in the Appalachian Basin's Utica play—which includes both the Utica and Point Pleasant formations—has...