article thumbnail

U.S. LNG's Kingmaker Status Has an Expiration Date

OilPrice

Thanks to the shale revolution and a penchant for hydraulic fracturing (fracking), the U.S. was staring down the barrel of energy scarcity. But the script has since flipped. has transformed from energy junkie to pusher, with liquefied natural gas (LNG) as its hottest commodity. Natural gas production was declining, and

article thumbnail

1/4 Century: What Was the Oil and Gas Industry Like in the Early 2000s? Part 2

Rextag

billion barrels of recoverable oil , a staggering prospect that set the stage for the U.S. Technology Takes Hold: The introduction of hydraulic fracturing and horizontal drilling unlocked resources once deemed inaccessible, enabling recovery rates 30% higher than traditional methods. million barrels of oil equivalent by 2005.

Oil 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

New Texas Law Encourages Recycling of Wastewater From Oil and Gas Operations by Clarifying Ownership and Limiting Tort Liability

The Energy Law Blog

By Jillian Marullo House Bill 2767, which took effect on September 1, 2013, was enacted to encourage recycling of the wastewater produced in hydraulic fracturing (or “fracking”) and other oil and gas operations. On average, over 83,000 barrels (or 3.5 billion barrels of wastewater were disposed of in Texas injection wells.

Oil 40
article thumbnail

Valor | Energy Connection – Mar. 3, 2025

Valor

per barrel and WTI up 25 cents to $70.01, after posting their first monthly decline since November. per barrel in 2025, with potential impacts from U.S. per barrel, down 3.8% per barrel, with the more-active May contract declining to $72.81. Stay tuned for weekly updates to keep you well-informed. Read more U.S.

Energy 52