Jay Young

The Growing Demand for Natural Gas: Opportunities for Texas Oil and Gas Operators

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As the U.S. continues to experience a surge in natural gas demand, particularly through liquefied natural gas (LNG) exports, the oil and gas industry is seeing some significant changes. According to recent data from LSEG (formerly Refinitiv), natural gas flowing to U.S. LNG export plants is expected to reach a 10-month high. This growth is mainly driven by increased demand for natural gas overseas, as countries look to secure more reliable and cleaner energy sources. With this, the U.S. has maintained its position as the world’s top LNG exporter, surpassing Qatar and Australia.

What the 2024 U.S. Elections Could Mean for the Future of Energy

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The U.S. Department of Energy is grappling with financial constraints as it seeks to replenish the Strategic Petroleum Reserve (SPR), following extensive drawdowns in recent years. With crude oil prices now stabilizing around $70 per barrel—below the administration’s target price of $79—the timing appears favorable for refilling the stockpile.

Refilling the Strategic Petroleum Reserve: A Balancing Act for Energy Security

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The U.S. Department of Energy is grappling with financial constraints as it seeks to replenish the Strategic Petroleum Reserve (SPR), following extensive drawdowns in recent years. With crude oil prices now stabilizing around $70 per barrel—below the administration’s target price of $79—the timing appears favorable for refilling the stockpile.

New Drilling Technology: A Major Leap for the Oil Industry

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Chevron recently made headlines by starting oil production from a field with extreme pressure levels — 20,000 pounds per square inch (psi), which is three times higher than what was previously possible. This breakthrough could open up access to up to 5 billion barrels of oil that were previously out of reach.

Texas Break O&G Production Records

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The Energy Information Administration (EIA) warns that this year’s hurricane season, with up to 25 named storms expected, could heavily disrupt the U.S. oil and gas industry.

Musk Says Don’t Vilify O&G

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The Energy Information Administration (EIA) warns that this year’s hurricane season, with up to 25 named storms expected, could heavily disrupt the U.S. oil and gas industry.

Market Chaos This Week

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The Energy Information Administration (EIA) warns that this year’s hurricane season, with up to 25 named storms expected, could heavily disrupt the U.S. oil and gas industry.

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