The U.S. Department of Interior’s Bureau of Land Management finalized another methane-focused rule. Groups such as the Western Energy Alliance and the American Petroleum Institute indicate they are combing through the Waste Prevention Rule ..read more

As many as 30 upstream projects larger than 50 million barrels of oil equivalent could reach final investment decision in 2024, an increase from 22 in 2023, according to a new report from Wood Mackenzie. As the number of projects rises in 2024, Wood Mackenzie suggests project break-evens will fall, with an associated rebound in returns ..read more

Like drilling crews, completion teams are getting faster and smarter. By leveraging digital technologies to scrutinize every step of the process, from completion design to proppant delivery, pump maintenance and wireline procedures, they are slashing nonproductive time and putting more proppant down hole ..read more

In the face of market swings, challenging federal policies and political posturing, Texas oil and gas producers prefer to look on the bright side: The industry is pumping billions into the Lone Star State’s economy, creating jobs and meeting rising global hydrocarbon demand as naysayers tout what some analysts insist is a fictious “energy transition ..read more

U.S. oil production continues to set records with fewer rigs as rates of penetration increase, nonproductive time falls and laterals reach as far as four miles. Whether these gains originate from novel ideas or gradual refinements to proven concepts, they are delivering step changes in performance ..read more

Given the oil and gas industry’s track record of increasing natural gas production to meet new demand, natural gas consumers need not worry that LNG exports will increase their costs. In fact, prices have fallen significantly since LNG exports began ..read more

Amid global uncertainty and ongoing discipline from OPEC-plus, the U.S. Energy Information Administration is adjusting its short-term oil price expectations ..read more

The quest to set and meet environmental, social and governance standards is becoming an increasingly important part of oil and gas companies’ activities. Organizations, along with their employees and wider communities, are committed more than ever to identifying and addressing risks to achieve a culture of safety and operational excellence. By valuing integrity and sustainability in downhole operations, the oil and gas industry can work to build a brighter future for the world around us ..read more

Methane leaks can be expensive. If a spark ignites gas leaking from a compressor and the engine catches fire, the cost to repair or replace equipment easily can reach $1 million or more, even after accounting for insurance ..read more

In December 2023, U.S. liquified natural gas exports reached an all-time monthly high of 8.6 million tons, which was up threefold from three years earlier. To feed that demand, natural gas flows to the “big seven” U.S. LNG export plants climbed to an average of 14.7 billion cubic feet a day, also a record ..read more