Eagle Ford Shale Output Hits Record High in South Texas

by Energies Media Staff

January 12, 2025

Shale

Exploration & Production

Production in Bakken Formation Expected to Drop by 170 Thousand boe Per Day in 2020

by Energies Media Staff

March 20, 2020

Following the expected cuts in capital expenditure (capex) for shale operators in the Bakken due to demand shock from the...

Exploration & Production

Scoop-Stack Shale Production Anticipated to Increase Slightly Despite a Drop in Rig Count

by Energies Media Staff

March 5, 2020

Although the Scoop-Stack has experienced one of the largest decreases in rigs among the major oil and gas plays in...

News

Bakken Shale Production Growth Will be Constrained by Flaring Restrictions and Infrastructure Bottlenecks

by Energies Media Staff

August 21, 2019

There is considerable potential to raise the crude oil production in the Bakken shale play from the current level of...

News

Making Dollars & Cents of Chevron’s $50 Billion Acquisition of Anadarko

by Energies Media Staff

April 15, 2019

Austin, TX - Drillinginfo, the leading energy SaaS and data analytics company, released a new analysis focused on Friday’s announcement...

Overnight Surges in Trading According to experts, the average daily volume during trading overnight (4pm up till 8 am) for natural gas was seen increasing by 120% from January 2017 to 2018. These signified all-time-highs in a single day with about 1.02 million contracts that were exchanged. The de-linking of crude oil and LNG prices is expected to bring forward a rapid evolution in the US and global natural gas market. Currently, the LNG market on global scale stands at a net worth of about $90 billion per annum. One contributing factor toward the efforts to increase LNG demand is how countries are reducing their dependence on coal and are moving towards sources with lower carbon – like China. The global trade of LNG had reached about 38.2 billion Bcf daily in 2018. This was up about 10% from the 2017 standings and probably the largest increase in volume since 2010. In 2019, the EIA has forecasted as much as 90.2 billion Bcf daily. This will continue to rise as the natural gas industry moves towards 2020 and forecasts are for 92.1 Bcf daily. LNG as the Future of Energy in the US The EIA has also stated that it expects total electricity generation from natural gas power plants. Their forecasts illustrate a steady rise till 2020 where the statistics stood at 35% in 2018. In 2019, this is expected to rise to 36% and 37% in 2020. In comparison, the share of energy generated from coal will stand at just 26% in 2019 and a lesser 24% in 2020. The share of nuclear power generation will stand near the current level of 26% in both 2019 and 2020. The share of hydropower is forecasted to be somewhat less than its current 7% figures in both 2019 and 2020. Lastly, non-hydropower renewable energy sources like solar and wind are expect to grow from the current 10% to about 11% in 2019 and will stand at 13% in 2020. That being said, shale drilling for natural gas has already brought the US to the 2nd in producers trailing only by a small amount behind Russia. America is also expected to account for as much as 40% of the extra natural gas production in the world by 2022!

News

U.S. Natural Gas Supply Future Projections and Sources

by Energies Media Staff

April 5, 2019

Geologists have dictated that natural gas and crude oil go hand-in-hand. If operators were to dig up a hole for...

Environment

The Environmental Issues of Hydraulic Fracturing – Facts vs. Fiction

by Energies Media Staff

April 5, 2019

Drilling opponents, news organizations, gas companies, and members of Congress alike have been spreading some controversial rumors about natural gas....

News

Managing Noise from the Hydraulic Fracking Process

by Energies Media Staff

April 5, 2019

While shale gas drilling or hydraulic fracking has transformed the energy market in the U.S., it brings about its own...

$The process of fracking involves drilling a well and inserting a steel pipe into the wellbore. The casing of the steel pipe is targeted into the zones that consist of gas and oil. The fluid for fracturing is injected into the well, and this is when the targeted area will not be able to absorb as much fluid as it is being injected. When this becomes the case, then the targeted formation begins to fracture or crack.$