Articles from June, 2014

In the Bakken shale, U.S. Energy Corp. sold 16 producing wells and 285 acres of land for $12.2 million.
June 30, 2014- Equipment News - Industry News

US Energy sells Bakken wells and land

With the prices going up, the oil and gas company, U.S. Energy Corp. decided it would sell a major section of the Bakken shale, which includes 16 producing wells and 285 acres of land in North Dakota’s Williston Basin formation.

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The oil and gas industry have helped the nation's economy with thousands of new jobs and millions of dollars from energy resources.
June 30, 2014- Industry News

US energy production could be the economic boost needed

The U.S. has seen a resurgence in the economy and one of the reasons why is because of the growing energy industry.

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The House is trying to expedite the process of a new bill that would allow LNG exports.
June 27, 2014- Industry News

House expedites vote on LNG export bill

The export ban surrounding liquefied natural gas (LNG) was created nearly four decades ago, but the U.S. House is set to vote on the bill that will amend the outdated restrictions.

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The EIA recently announced that half of the natural gas used in the U.S. comes from shale formations.
June 25, 2014- Industry News

Shale now responsible for half the natural gas recovered in US

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.

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The oil and gas industry could see more success in the U.S. with a better transportation infrastructure.
June 24, 2014- Industry News - Product Trends

How a new transportation infrastructure could make the energy industry more efficient

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.

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Advanced fracking technology has helped many regions in the U.S. surge with new exploration in historic oil fields.
June 23, 2014- Equipment News - Industry News

Oil rig count growing through advanced hydraulic fracturing technology

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.

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The Keystone XL pipeline project recently received approval from the Senate that would let Congress bypass the president.
June 20, 2014- Industry News

FERC nominees, Keystone XL pipeline bill approved by Senate

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.

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A new report shows the nation's demand for petroleum was outpaced by the total production.
June 20, 2014- Industry News

US petroleum demand grew more than production in May

The American Petroleum Institute released a report stating U.S. crude oil production grew by 14.7 percent from May 2013 to May 2014.

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The price of oil is shifting as the Iraqi insurgency continues, which could ultimately increase U.S. oil production.
June 19, 2014- Industry News

Iraq insurgency could affect US oil production

The insurgency in Iraq is not only raising serious concerns about the level of safety in the country, but it’s also quickly affecting the price of oil in the world.

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A new report showed that U.S. oil exports increased to their highest mark in 15 years even with current bans.
June 18, 2014- Industry News

Fracking could make US oil exports a possibility

The EIA released a new report that showed crude oil production had grown to 8.2 million barrels per day in March for the nation, a 57 percent increase in output from its mark five years ago.

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