U.S. crude oil production and marketed natural gas production is projected to increase by an average of 13.7 million barrels per day (b/d) and an average of 114.3 billion cubic feet per day (bcf/d) during 2025, according to an Aug. 22 report published by the U.S. Energy Information Administration. The projected growth in natural gas…...
The Texas Railroad Commission on Aug. 16 announced a proposal to amend rules regulating waste management facilities. This marks the first reexamination of the commission’s waste management rules in over 40 years. The amendments take into account historical rules to adapt to technological advancements in the Texas energy industry’s resource development. Moreover, groundwater protection is…...
The U.S. Interior Department has announced the availability of $775 million for 21 states to clean up legacy pollution, funded through the 2021 Infrastructure Investment and Jobs Act, or IIJA. The IIJA provides $11.3 billion to provide grants to states and tribes for abandoned coal mine land reclamation and $4.7 billion for orphaned well site…...
Global proved reserves of crude oil and natural gas that were held by 175 publicly traded exploration and production businesses rose by 2 billion barrels of oil equivalent, or one percent during 2023, according to an Aug. 12 report published by the U.S. Energy Information Administration. Proved reserves refer to the estimated volumes of hydrocarbon…...
PJM Interconnection LLC’s capacity market auction for the 2025/2026 delivery year cleared at $269.92 per megawatt-day (MW-day), about nine times the clearing price in the last auction. The significantly higher prices resulted from…Read the full report…...
PJM Interconnection LLC’s capacity market auction for the 2025/2026 delivery year cleared at $269.92 per megawatt-day (MW-day), about nine times the clearing price in the last auction. The significantly higher prices resulted from a reduced electricity supply, mainly due to numerous generator retirements, coupled with rising demand and the implementation of market reforms, according to PJM, which operates across 13 states and the District of Columbia.
U.S. natural gas storage levels are projected to be at 3,954 billion cubic feet (Bcf) by Oct. 31, 2024, according to an Aug. 7 report published by the U.S. Energy Information Administration. This will be the highest storage level at the end of the injection season since November 2016. As of the end of March…...
Hurricane Beryl, the first major hurricane of the 2024 Atlantic hurricane season, has brought new attention to the fragility of the Texas power grid and the pressing need to…Read the full report…...
Recent policy and regulatory measures concerning competitive retail electricity markets are increasingly focused on enhancing oversight and transparency. New state actions strive to…Read the full report…...
Recent policy and regulatory measures concerning competitive retail electricity markets are increasingly focused on enhancing oversight and transparency. New state actions strive to strengthen these markets with improved regulatory oversight and consumer protections to prevent unsavory practices by competitive suppliers.
European natural gas usage has been on a downward trend since mid-2022, according to a July 23 report published by the U.S. Energy Information Administration. The decline in natural gas usage can be attributed to lower demand due to milder winters and government policies directed at reducing gas usage. Natural gas usage across Europe declined…...
A growing number of utility regulators across U.S. states are reviewing natural gas planning strategies to consider the effects of decarbonization and electrification policies on the gas system. Amid shifting policy and changing market conditions, regulators are exploring…Read the full report …...
