In its Short-Term Energy Outlook for March, The U.S. Energy Information Administration (EIA) announced that the domestic oil and gas industry in the United States had set a new record for overall natural gas production during 2017, and would set another new record in the same category this year.
This...
The South Texas Energy & Economic Roundtable (STEER) is encouraged by the news that ExxonMobil and SABIC have chosen to build a multibillion-dollar plastics manufacturing facility along the Texas Gulf Coast. This project is a once-in-a-lifetime opportunity for the region to create high-paying jobs and increase the tax base...
Texas and other parts of the U.S. have become key oil and gas producers again. Further, the U.S. is now the second lowest-cost oil producer in the world after Saudi Arabia.
This unexpected change of events has occurred because of the shale revolution and the advent of unconventional extraction techniques...
For many decades, the Organization of the Petroleum Exporting Countries (OPEC) harbored the ability to control the price of crude oil on the open market, due mainly to the influence of a single member country — Saudi Arabia. Since the 1950s, Saudi Arabia has been blessed with a wealth...
When you’re part of America’s oil and natural gas sector, you know the names of many of our industry’s largest players—companies such as Chevron, BP, ConocoPhillips, ExxonMobil, Shell, Halliburton and many others.
What’s less well known—inside and outside our industry—is that the oil and natural gas sector is supported by...
