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BREAKING NEWS

Breaking News of the latest trends in Oil and Gas Production

Aschere Energy News : Natural Gas at record highs during recent Cold snap

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Prices for natural gas and propane hit record highs this week as temperatures plummet in many parts of the country.In New York, natural gas prices for immediate delivery soared Wednesday to a high of $135 per million British Thermal Unit, ...

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Aschere Energy News – Natural Gas Tops $5 for First Time Since 2010

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NEW YORK—Natural-gas prices hit $5 a million British thermal units for the first time in 3 ½ years on expectations that continued cold weather would keep demand high for the heating fuel. Natural gas for February delivery rose as high ...

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Texas Oil Production , Highest in 3 Decades!!

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Texas crude oil production has reached its highest level since the U.S. Energy Information Administration started tracking it in the early 1980s. In July, Texas produced around 2.602 million barrels daily.By October, that daily crude production was 2.752 million barrels. The ...

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Eagle Ford Shale – Worlds Largest Oil and Gas Development

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December 31st / Fuel Fix Eagle Ford now ranks as the largest single oil and gas development in the world based on capital expenditures. That means more will be invested in the South Texas oil play than any other single oil ...

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North American Shale to Exceed Most OPEC Nations’ Output

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12/19 Bloomberg Commodities : Oil production from North American shale fields will outpace every member of OPEC except Saudi Arabia within two years, according to Exxon Mobil Corp. (XOM), the world’s biggest energy company by market value. Globally, crude output ...

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North America To Drown in Oil as Mexico Ends Monopoly

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Dec 16th MSN Money The flood of North American crude oil is set to become a deluge as Mexico dismantles a 75-year-old barrier to foreign investment in its oil fields. Plagued by almost a decade of slumping output that has ...

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Fracking Facts

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States are taking the initiative to regulate hydraulic fracturing operations to produce oil and natural gas — and environmentalists, as well as industry, support them. On this issue, a clear consensus is forming: State governments should have authority over drilling, ...

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7 Remarkable Numbers From the Eagle Ford

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December 2, 2013 / Motley Fool Five years ago few people had ever heard of the Eagle Ford. Today, it’s one of the largest oilfields in the United States. Yet despite the run, the formation is still in its infancy. ...

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Texas Oil Boom Pumping money into A&M Systems

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Oil and gas royalties are pumping a record amount of money into the endowment that supports the University of Texas and Texas A&M University systems, helping push the fund to a record $14.8 billion. In fiscal 2013, which ended Aug. ...

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