The average number of wells completed simultaneously at the same location in the Lower 48 states has more than doubled, increasing from 1.5 wells during December 2014 to more than 3.0 wells during June 2024, according to a May 7 report published by the U.S. Energy Information Administration. The increase in the number of simultaneous…...
The U.S. Interior Department has announced plans to revise the Bureau of Ocean Management’s risk management and financial assurance regulations and develop a new rule that is in line with the Trump administration’s 2020 proposed regulatory guidelines. The amended measure, based on the 2020 proposed rule, would significantly reduce expenditures and red tape associated with…...
U.S. sustainable aviation fuel (SAF) production has increased so far in 2025, in line with new capacity coming online, according to a May 6 report published by the U.S. Energy Information Administration. U.S. production capacity, which was around 2,000 barrels per day (b/d) at the start of last year, rose to about 25,000 b/d in…...
Retail regular grade gasoline prices are consistently higher in California compared to any other state in the continental U.S., according to a May 5 report published by the U.S. Energy Information Administration. Retail gasoline prices often exceed the national average by over $1/ per gallon (gal). The high retail gasoline price in California can be…
The U.S. Energy Department on May 2 announced the withdrawal of the classification of miscellaneous gas products as covered consumer products under the Energy Policy and Conservation Act. The withdrawal will exempt several miscellaneous gas products, a group that includes outdoor heaters and decorative hearths, from an array of redundant rules on their production and…...
PJM Interconnection on May 2 announced the selection of 51 generation projects aimed at quickly strengthening grid reliability as electricity demand rises and older plants retire. The projects, selected under the grid operator’s one-time Reliability Resource Initiative, or RRI, will collectively add over 9,300 megawatts of capacity over the next several years. RRI is a…...
Crude oil prices and refinery margins declined during the first quarter of 2025, according to a May 1 report published by the U.S. Energy Information Administration. Crude oil prices reached a quarterly high on Jan. 15 and were valued at $82/barrel (b) and settled the quarter at $75/b. The price decline can be attributed to…...
Electricity use in New England is set to grow over the next decade, reversing a long-standing trend of declining demand. Annual electricity consumption in the region is projected to rise by 11 percent through 2034, with most of the increase attributed to the growing use of electric vehicles and heating systems, according to a new…...
U.S. imports of petroleum products declined by 210,000 barrels per day (b/d) during 2024 to average 1.8 million b/d, according to an April 29 report published by the U.S. Energy Information Administration. Imports of all main transportation fuels declined. Motor gasoline accounts for the highest share of U.S. petroleum product imports, since it is the…...
The Bureau of Land Management’s Montana-Dakotas State Office leased 11 parcels totaling 4,266.06 acres for just over $3.4 million in its quarterly oil and gas sale, according to an April 29 press release. The auction proceeds will be shared between the federal government and the states of North Dakota and Montana. The BLM conducts oil…...
U.S. companies Bechtel and Westinghouse and Polish company Polskie Elektrownie Jądrowe (PEJ) on April 28 signed the Engineering Development Agreement (EDA) for Poland’s first AP-1000 nuclear power plant. The agreement follows on from an initial agreement and is a component of a bigger nuclear energy security agreement to construct large-scale civil nuclear reactors in Poland…....
Below seasonal normal temperatures across the U.S. during January and February led to higher natural gas consumption and higher gas withdrawals from U.S. natural gas storage sites than normal, according to an April 28 report published by the U.S. Energy Information Administration. At the end of March, U.S. underground storage in the Lower 48 states…...
