Overview of Basins
|Basin||Number of Rigs||Top Producer||Most Permits|
|All USA||550 (+22)||Hilcorp||EOG|
|Eagle Ford||40 (+3)||EOG||EOG|
|Bakken||24 (-)||Continental Resources||Continental Resources|
|SCOOP/STACK||44 (+4)||Merit Energy||Camino|
|Powder River||15 (-3)||EOG||EOG|
|DJ/Niobrara||12 (-)||OXY||Providence Operating|
|California||10 (+3)||California Resources||Chevron|
Top Producers By BOE
Most Permits This Month
Bond Investors Embrace Fossil Fuels During a Sustainability Push
The oil sector’s bond sales are not being slowed by Wall Street’s adoption of sustainable investing. Investors are rushing to energy companies’ debt as oil and natural gas prices rise, lowering borrowing rates and triggering a flood of new bond issuance. Speculative-grade oil corporations have issued $49.5 billion in bonds so far this year, close to the full-year record of $55.9 billion established in 2012.
Natural-Gas Exports Lift Prices for U.S. Utilities Ahead of Winter
As they build winter stocks, American utilities are confronting the highest natural-gas prices in years. The reason for this is that gas exporters are transferring more gas than ever before to countries that are in desperate need of it. As portions of the world run out of gas, pipelines to Mexico and Canada, as well as tankers bound for Europe and Asia, have carried record amounts of US gas out of the country this year.
Wind Manufacturers Blown Off Course
Due to shipping delays, rising steel costs, and other issues, many companies are having a hard time delivering turbines on budget and on time, despite strong demand and a trend toward renewable energy. Wind turbine manufacturers are still struggling due to supply-chain issues and uncertainty about the future of federal tax incentives, to the point where analysts are forecasting a slowdown in wind power growth in the United States next year.
Biden unveils pledge to slash global methane emissions by 30%
President Joe Biden of the United States has revealed a multinational strategy to tackle methane emissions, which the government sees as the single most effective way to address the climate catastrophe in the short term. According to the administration, it is cooperating with the EU and is employing a combination of incentives, new transparency regulations, and regulation. It emphasized that the proposal will result in the creation of thousands of unionized jobs.
US Oil Production
US Gas Production
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