U.S. Exported 30% of the Energy it Produced in 2024
According to the U.S. Energy Information Administration (EIA), the United States set multiple records for energy production and exports in 2024. Of the record 103 quadrillion British thermal units (quads) of total primary energy production in the United States, a record 31 quads went to other countries. Who knew?! In 2024, the U.S. exported 55% of its domestic crude oil and natural gas plant liquids (NGPL) production either directly as crude oil or as processed petroleum products such as propane, distillate fuel oil, and motor gasoline. Read More “U.S. Exported 30% of the Energy it Produced in 2024”
The U.S. Energy Information Administration (EIA) issued its latest monthly Short-Term Energy Outlook (STEO) last week. The STEO is the agency’s monthly best guess about where energy prices and production will head in the next 12 months. In this latest assessment, EIA dropped its estimates for the Henry Hub spot price for 2025. The agency expects the HH price to average $3.70 per million British thermal units (MMBtu) in 2025, $0.30 lower than last month’s forecast. EIA also dropped its 2026 forecast, now believing the gas price will average $4.40/MMBtu, down a whopping $0.50 (half a buck!) from last month’s $4.90. You can see why we refer to the dartboard EIA uses each month when creating these forecasts. 
The U.S. Energy Information Administration (EIA) issued its latest monthly Short-Term Energy Outlook yesterday, the agency’s monthly best guess about where energy prices and production will go in the next 12 months. In this latest assessment, EIA once again dropped its estimates for the Henry Hub spot price for 2025. The agency expects the HH price to average $4.00 per million British thermal units (MMBtu) in 2025, $0.10 lower than last month’s forecast (and $0.30 less than the forecast from two months ago). However, EIA expects the annual average price in 2026 to be $4.90/MMBtu, which is $0.10 higher than last month’s forecast and $0.30 higher than the forecast from two months ago. An interesting dichotomy—that prices will trend lower this year but higher next year. 
Banks remain confident in long-term energy fundamentals despite significant trade policy turbulence, according to the Spring 2025 Haynes Boone Energy Bank Price Deck Survey (full copy below). The survey, now in its 12th edition, is a leading source of information for energy lenders and producers, providing crucial details on commodity price expectations. Based on internal data from 28 banks, the latest survey indicates that while oil and gas prices have fluctuated in the short term, long-term forecasts remain consistent with past projections, suggesting that banks view recent economic changes as temporary. Banks expect natural gas prices to stay strong, in the $3.50-$3.75/MMBtu range through 2026, due to high LNG export demand and growing energy needs from artificial intelligence infrastructure. 
Two conventional oil producers in Southeast Ohio say dozens of their wells have been flooded with industrial waste (brine) from the fracking industry. They claim that nearby injection wells that handle frack waste/brine are leaking. State regulators agree that injection wells, at least at some locations, are leaking. Not only have these leaks (if true) affected oil wells, but there’s a concern they may be contaminating area water wells. 
The murdering thug dictators of the OPEC+ cabal are once again showing their true colors. The last time Donald Trump was in office, OPEC+ 
Donald Trump threatened and was prepared to implement a 25% tariff on both Mexico and Canada, including a 10% tariff (tax) on incoming oil and natural gas (and other energy) from Canada (see 
Oil wildcatting is the process of drilling exploratory wells in areas with little to no history of oil and gas production. Wildcatting is a high-risk activity that involves drilling in unproven or fully depleted areas. Wildcat wells are often drilled far from other wells and without the use of well logs or other geological data. Wildcatting can be profitable—or spectacularly unprofitable. A recent Hart Energy article reports that “wildcatting is back.” The very first part of the article focuses on wildcatting that is happening in the Ohio Utica Shale. 
MDN reported that in early October that Infinity Natural Resources (INR) filed an IPO with the Securities and Exchange Commission (SEC) hoping to raise $100 million (see 
We’ve brought you the news (a number of times) of how Encino Energy was the first driller to figure out how to coax large quantities of oil from the Ohio Utica Shale (see 