The U.S. may soon surpass its competitors to become one of the largest natural gas suppliers in the world, experts claim. However, the American oil and gas industry still faces stiff competition from its main rivals in the $120 billion liquefied natural gas (LNG) export...
A new study from West Virginia University (WVU) reveals that the amount of resources stored within the Utica Shale play is significantly larger than previously estimated, signaling huge news for the U.S. oil and gas industry. According to a July 14 Pittsburgh Post-Gazette article, the study...
Oklahoma is revising and expanding its oil and gas regulations in response to a sharp rise in earthquakes across the state which has damaged homes and spurred concerns regarding the state's energy industry. However, the broadened rules fall short of the more drastic measures that had...
The U.S. oil industry is reaching some of its highest production levels in history. It's no surprise that American oil and gas companies added 4.5 billion barrels of crude oil and lease condensate proved reserves in 2012 -- a 15.4% increase from 2011 and the...
For U.S. oil producers, 2015 is well on its way to becoming the most productive year for crude oil output in 45 years. On Tuesday, July 7, the Energy Information Administration (EIA) released its forecast for the rest of the year's oil output, which states that...
With California well into its fourth year of historic drought, water has never been more scarce for the state's millions of inhabitants. Rivers and lakes run bone-dry; much of the state's lush plant life has succumbed to soil so dry it could blow away in...
After decades of speculation and debate over its impacts on public drinking water supplies, the Environmental Protection Agency (EPA) has finally revealed that hydraulic stimulation and fracturing has a negligible impact on drinking water in the U.S. According to Forbes, the EPA's five-year study of hydraulic...
In another finding that supports continued hydraulic stimulation and fracturing in the Marcellus Shale, a new study has found that the effects of fracking on air quality near shale drilling sites is not as bad as previously predicted. The findings, published in the journal Environmental Science...
The same drilling technologies that helped foster the U.S. shale boom could help unlock as much as 141 billion barrels of crude oil outside North America, new reports say. According to a May 18 Oil and Gas Investor article, techniques like horizontal drilling and hydraulic stimulation...
In a move to protect oil and gas companies operating within the state of Texas, Republican Gov. Greg Abbott recently signed a law that prohibits cities and towns from banning hydraulic fracturing, or "fracking." The law also makes it next-to-impossible for municipal and county governments to...
New reports indicate that Iran may have the resources needed to expand its domestic oil and gas drilling projects significantly in the near future. According to a December 27 Mehr News Agency article, Dariush Raeisi, a senior official from the National Iranian Drilling Company (NIDC), has...
At this year's Offshore Technology Conference, General Electric executives revealed that the use of smart sensors and Big Data analytics could allow oil and gas companies to produce an additional 80 billion barrels of oil worldwide -- some three years' worth of global crude supply. According...
It's been one of the biggest headlines throughout recent months -- the global oil environment continues to be plagued with low prices per barrel. Yet for the U.S. shale drilling industry -- which sources oil and natural gas from the rich shale fields of Texas and...
As the ongoing shale boom continues to bolster production in the oil and gas industry, experts are predicting that the U.S. will become a net energy exporter within 15 years -- the first time the country has managed to do so in its history. Since the...
On Wednesday, March 4, Exxon Mobil Corp. announced an ambitious long-term plan to invest heavily in the shale fields of Texas, North Dakota and Oklahoma as a means to spur revival throughout the oil and gas industry. According to the Dallas Business Journal, Exxon, the world's...
America is currently in the midst of an energy boom — and natural gas drilling is at its forefront. In fact, by 2035, it’s estimated that shale gas production will skyrocket to 13.6 trillion cubic feet. And it’s something everyone should embrace, as the explosion...
News of oil and gas' alleged demise continue to emblazon headlines around the world -- but when it comes to the long-term picture, this industry might be much more resilient and capable of growth than previously thought possible. According to a March 15 Financial Times article,...
A new report from Sunoco Logistics reveals that the presence of oil and gas production rigs along the Marcellus Shale could pump as much as $4.2 billion in investments into the Pennsylvania state economy. According to a February 6 Mercury News article, the study found that...
The U.S. oil industry is one of its economy's most thriving sectors -- and with enough oil reserves on hand to last for another 53.3 years of production, it's showing no sign of slowing. Currently, oil and gas production in the U.S. is at its highest...
The American oil and gas industry plays a huge role in our everyday lives and in the national economy. This industry employs 9.8 million Americans -- a number that continues to grow -- and makes up approximately 8% of the U.S. economy. And with global proved...
A new report reveals that the proposed Atlantic Coast Pipeline could save consumers and businesses as much as $377 million in energy expenses each year. According to the Richmond Times-Dispatch, the pipeline would slash energy costs by making natural gas more available, driving down prices for...
Last month, the Obama administration announced a plan to cut methane emissions and combat climate change with a sweeping set of regulations on the oil and gas industry -- and these regulations could give a major boost to oilfield equipment and industrial equipment manufacturers. According to...
The oil and gas industry is one of America’s biggest economic driving forces. The US is the biggest producer of natural gas on earth and one of the largest oil-producing countries. Additionally, the US is the largest oil and gas customer in the world, consuming...
A frac tank serves a wide range of purposes for various industries. There are a number of benefits to using these tanks. Understanding the wide range of benefits that these tanks offer can help potential customers gain a greater insight into how the tanks can...