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EIA: Proved reserves of US natural gas increased 32% during 2021

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Proved reserves of natural gas in the United States grew to a new record of 625.4 trillion cubic feet (Tcf) in 2021, a 32% increase from 2020, according to the US Energy Information Administration’s (EIA’s) recently released Proved Reserves of Crude Oil and Natural Gas in the United States, Year-End 2021 report.

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BP Plans to Deploy Subsea Oil Recovery System in 6-8 Days, Weather Permitting

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Concept of the subsea oil recovery system. BP is working to deploy a subsea oil recovery system over the largest leak source in the Transocean Deepwater Horizon Rig that it hopes will capture up to 85% of the oil rising from the sea floor following the sinking of Deepwater Horizon on 22 April. Not to scale. Click to enlarge.

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Exxon Mobil Acquiring XTO Energy in $41B Deal; Enhances US Position in Unconventional Natural Gas and Oil

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The agreement, which is subject to XTO stockholder approval and regulatory clearance, will enhance ExxonMobil’s position in the development of unconventional natural gas and oil resources. XTO’s resource base is the equivalent of 45 trillion cubic feet of gas and includes shale gas, tight gas, coal bed methane and shale oil.

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$112.5M awarded to research consortia studying effects of Deepwater Horizon oil spill on Gulf of Mexico

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million to study the effects of the Deepwater Horizon oil spill in the Gulf of Mexico. The GRI also funds research that improves techniques for detecting oil and gas, spill mitigation, and technologies to characterize and remediate spills. Project Title: Deep-C: Deepsea to Coast Connectivity in the Eastern Gulf of Mexico.

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UT Austin study finds no direct connection of hydraulic fracturing to reports of groundwater contamination

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The study found that many problems ascribed to hydraulic fracturing are related to processes common to all oil and gas drilling operations, such as casing failures or poor cement jobs. The report identifies regulations related to shale gas development and evaluates individual states’ capacity to enforce existing regulations.

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EIA: planned capacity additions to US crude oil pipeline infrastructure should relieve Cushing bottleneck

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According to an analysis by the US Energy Information Administration (EIA), planned additions over the next two years to the US crude oil pipeline infrastructure should relieve the bottleneck at Cushing, Oklahoma which has been caused by the oversupply of oil resulting from the growth of crude oil production in the US mid-continent and Canada.

Oil 220
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Alon USA receives go ahead for Bakersfield, CA rail terminal and refinery project; Bakken light crude

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The permit allows Alon to construct a double rail loop from a new spur connection off of the existing BNSF Railway capable of receiving two unit trains (a unit train contains about 100 cars) per day of crude. Current products include gas oil, gasoline, diesel fuel, and petroleum coke. Alon USA Energy, Inc. Bakken Crude.

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