The U.S. has seen a resurgence in the economy and one of the reasons why is because of the growing energy industry.
New research from the U.S. Energy Information Administration explained that half of the extracted natural gas in the nation is coming specifically from shale formations.
Even though the energy output in the U.S. is reaching some of its highest figures on record, one of the biggest problems still lies with the state of the industry’s transportation infrastructure.
Baker Hughes recently reported the oil rig count for the U.S., which showed for the week ending on June 20, the rig count increased to 1,858 active drilling units.
The U.S. Senate voted to confirm two nominees for the Federal Energy Regulatory Commission, on June 18, and was able to approve a bill for the Keystone XL pipeline project.
The American Petroleum Institute released a report stating U.S. crude oil production grew by 14.7 percent from May 2013 to May 2014.