U.S. Crude Production Beat Imports in October, EIA Says

U.S. crude oil production exceeded imports in October for the first month since February 1995, the U.S. Energy Information Administration said.



EIA sees 2014 U.S. natgas output up from 2013 record high

The U.S. Energy Information Administration on Wednesday raised its estimate for domestic natural gas production in 2014, expecting output next year to be up more than 1 percent from 2013's estimated record-high levels.



U.S. to Be Top Oil Producer by 2015 on Shale, IEA Says

The U.S. will surpass Russia and Saudi Arabia as the world’s top oil producer by 2015, and be close to energy self-sufficiency in the next two decades, amid booming output from shale formations, the IEA said.



Oil Companies Go Deep

After the Deepwater Horizon oil spill in the Gulf of Mexico in 2010, the largest in U.S. history, there was a lot of talk about the possibility of offshore drilling being scaled back.



Oil and gas supply company will create 150 new Valley jobs

A manufacturer of precision gas-measurement and processing equipment confirmed in an announcement made Friday that it will move into a 73,000-square-foot facility in Brookfield and create 150 jobs there.



The Accidental Discovery That Revolutionized American Energy

The dramatic changes to the nation’s energy outlook are as surprising as they are clear. Seven years ago, oil production was in steep decline and natural gas nearly as hard to find. Today, the United States produces over 7.7 million barrels of oil a day, up over 50% since 2006 and the most in nearly 25 years. The nation could pump more than eleven million barrels a day by 2020. The U.S. is on track to pass Russia as the world’s largest energy producer and should have enough gas to last generations.



U.S. Leads in Shale Gas Production

Hydraulic fracturing, or fracking, has put the U.S. in the lead for shale gas production around the world. Its a practice that may be less polluting than coal power, but still raises environmental concerns. So the question on everyone’s mind, what's the reason for the recent boom in natural gas production nationwide?



Shale Gas Boom At 'Tip Of Iceberg'

Despite warnings that the shale gas boom would wither, industry is getting pumped in certain areas as their numbers are only headed higher. That’s according to government analysts, who are drawing special attention to the Marcellus Shale region in the eastern states where production is skyrocketing.



Local cities could reap riches from drilling

Rochester has lost out for now on an opportunity that could enrich both residents and its government coffers, allowing a misinformation campaign to scare off two Traverse City-based engineering companies that wanted to lease mineral rights on public land. Community members opposed the lease, which could have led to drilling for oil and gas. Had the drilling been successful, nearby residents would have shared in royalties that could have also been used to improve services and/or lower tax rates.



US Energy Boom Helps Philadelphia Shipping Industry

The 820-foot Liberty Bay sits dry-docked in Philadelphia's Aker Shipyard. A massive supertanker destined for the West Coast, the ship is set to launch next week when it will undergo its final outfitting before being delivered to SeaRiver Maritime in April. It's taken more than 1,000 workers a year to build the Liberty Bay, and construction has already begun on her sister ship in the same yard.

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