Major U.S. tight oil-producing states expected to drive production gains through 2018

In EIA’s January "Short-Term Energy Outlook", U.S. crude oil production is forecast to increase from an average of 8.9 million barrels per day (b/d) in 2016 to an average of 9.3 million b/d in 2018, primarily as a result of gains in the major U.S. tight oil-producing states: Texas, North Dakota, Oklahoma, and New Mexico. More »

Natural gas-fired generating capacity likely to increase over next two years

The electricity industry is planning to increase natural gas-fired generating capacity by 11.2 gigawatts (GW) in 2017 and 25.4 GW in 2018, based on information reported to EIA. If these plants come online as planned, annual net additions in natural gas capacity would be at their highest levels since 2005. More »

EIA’s weekly natural gas storage data now include measures of sampling variability

Starting with the release of data for the week ending January 20, 2017, EIA’s Weekly Natural Gas Storage Report (WNGSR) now provides information about the statistical properties of published estimates of weekly working natural gas levels and their net changes. The methodology for the storage data itself, however, is unchanged. More »

Strategic Petroleum Reserve sales expected to start this month

Yesterday the U.S. Department of Energy's (DOE) Office of Fossil Energy awarded contracts for the first of several sales of crude oil from the Strategic Petroleum Reserve (SPR). A Continuing Resolution enacted in December 2016 included a provision for DOE to sell up to $375.4 million in crude oil from the SPR. This sale will be the first of several planned sales totaling nearly 190 million barrels during fiscal years 2017 through 2025. More »

Global crude oil balances expected to tighten through 2018

In fiscal year (FY) 2016, the U.S. government collected almost $6 billion in revenues from royalties, rental costs, and other fees from activities related to energy production on federal and American Indian lands, according to the Department of Interior’s Office of Natural Resource Revenue. These activities include the production of coal, oil, natural gas, and hydrocarbon gas liquids (HGLs) as well as, more recently, renewables. More »

With low oil prices in 2016, federal revenues from energy on federal lands again declined

In fiscal year (FY) 2016, the U.S. government collected almost $6 billion in revenues from royalties, rental costs, and other fees from activities related to energy production on federal and American Indian land, according to the Department of Interior’s Office of Natural Resource Revenue. These activities include the production of coal, oil, natural gas, and hydrocarbon gas liquids (HGLs) as well as, more recently, renewables. More »