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fuel production

Major Fossil Fuel-Producing States Rely Heavily on Severance Taxes

August 24, 2015 by U.S. EIA: Today in Energy

Fossil Fuel Production and Taxes

Severance taxes accounted for less than 2% of state tax collections in 2014, but in three states severance taxes provided a much larger share of total state tax revenue in that year. Pennsylvania is considering a severance tax, and currently derives less than 1% of its revenues from a well head fee.[read more]

U.S. Remained World's Largest Producer of Petroleum and Natural Gas Hydrocarbons in 2014

April 10, 2015 by U.S. EIA: Today in Energy

U.S. Fuel Production

The United States remained the world's top producer of petroleum and natural gas hydrocarbons in 2014, according to U.S. EIA estimates. U.S. hydrocarbon production continues to exceed that of both Russia and Saudi Arabia, the second- and third-largest producers, respectively.[read more]

Iraq was Second-Leading Contributor to Global Oil Supply Growth During 2014

February 13, 2015 by U.S. EIA: Today in Energy

Iraq and Oil Supply Growth

Despite some supply disruptions and security threats, Iraq was the second-leading contributor to global oil supply growth in 2014, behind only the United States. Iraq accounted for almost 60% of production growth among the Organization of the Petroleum Exporting Countries (OPEC).[read more]

Are the Saudis Scared to Cut Oil Production?

February 9, 2015 by Jared Anderson
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Saudi Oil Production and Risk

For decades OPEC played a price-setting role by increasing production to boost supply when prices were deemed too high. And the producers throttled output back to constrain supply and thus add price support during periods of oil price decline. But things are different now.[read more]

Oil Prices: Dead Cat Bounce or Have We Passed the Bottom?

February 9, 2015 by Robert Rapier

Oil Price Collapse and Recovery?

I have noticed that when oil prices are plummeting, traders tend to ignore bullish news, and when they are climbing bearish news is often shrugged off. While oil could resume its decline this month, the fact that the price of WTI rose despite news that should have sent it lower may indicate that we have passed the bottom.[read more]

Natural Gas Prices Drop Following Strong Production Growth

January 29, 2015 by U.S. EIA: Today in Energy
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Natural Gas Production and Prices

Following a short-lived price increase over the course of November, natural gas prices have dropped to their lowest levels since all the way back in September of 2012, which is a reflection of very strong and healthy domestic production and inventory builds.[read more]

Is Wall Street Overlooking NGL Price Impact on US Oil and Gas Producer Earnings?

January 28, 2015 by Jared Anderson

Energy Prices and Investor Impact

When supplies of dry US natural gas swelled several years ago as companies honed their shale resource development skills, gas prices dramatically declined. This caused natural gas producers to shift drilling operations into more liquids-rich areas and adjust their production more toward oil.[read more]

U.S. Liquid Fuels Production Growth more than Offsets Unplanned Supply Disruptions

August 29, 2014 by U.S. EIA: Today in Energy

Production and Supply Disruption

Record-setting liquid fuels production growth in the United States has more than offset the rise in unplanned global supply disruptions over the past few years, although differences in quality and location suggest that the substitution may not be exactly 1-for-1.[read more]

Production of Fossil Fuels from Federal and Indian Lands Fell in 2013

July 13, 2014 by U.S. EIA: Today in Energy

Fossil Fuels from Federal Lands

Sales volumes of fossil fuels from production on federal and Indian lands in 2013 dropped 7% from 2012. Crude oil production on federal lands increased slightly in 2013, but that increase was more than offset by decreases in coal, natural gas, and natural gas plant liquids production.[read more]