Today in Energy

Apr 24, 2015

EIA report highlights top 100 U.S. oil and natural gas fields

maps of top 100 U.S. oil and natural gas fields by reserves, as explained in the article text
Source: U.S. Energy Information Administration, based on Form EIA-23L and DrillingInfo
Note: The top 100 largest oil and natural gas field locations are plotted using latitude-longitude of the approximate center of the field. Dot diameter is relative to its 2013 proved reserves.

The top 100 oil fields in the United States accounted for 20.6 billion barrels of crude oil and lease condensate proved reserves, or 56% of the U.S. total in 2013. The top 100 natural gas fields accounted for 239.7 trillion cubic feet of natural gas proved reserves, 68% of the U.S. total. Proved reserves are defined as estimated quantities of oil and natural gas that analysis of geologic and engineering data demonstrates with reasonable certainty are recoverable under existing economic and operating conditions.

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Apr 23, 2015

Oil trade off Yemen coast grew by 20% to 4.7 million barrels per day in 2014

graph of crude oil and petroleum products transit through Bab el-Mandeb, as explained in the article text
Source: U.S. Energy Information Administration, based on Lloyd's List Intelligence, Suez Canal Transit Authority, Eurostat, and Global Trade Atlas, using EIA conversion factors

While Yemen is not a major oil-producing country, its coast borders the Bab el-Mandeb Strait, a narrow chokepoint between the Horn of Africa and the Middle East. This strait is a strategic route for Persian Gulf oil, natural gas, and petroleum product shipments to Europe and North America, as well as European and North African oil exports to Asia. Although the strait is 18 miles wide at its narrowest point, tankers passing through must use two 2-mile-wide shipping channels.

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Apr 22, 2015

UK’s renewable energy targets drive increases in U.S. wood pellet exports

graph of U.S. wood pellet exports by destination, as explained in the article text
Source: U.S. Energy Information Administration, based on U.S. International Trade Commission

In 2014, almost three-quarters of all U.S. wood pellet exports were delivered to the United Kingdom (UK), mainly for the purpose of generating electricity. Overall, U.S. wood pellet exports increased by nearly 40% between 2013 and 2014, from 3.2 million short tons to 4.4 million short tons, as the United States continues to be the largest wood pellet exporter in the world.

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Apr 21, 2015

Increasing domestic production of crude oil reduces net petroleum imports

graph of U.S. crude oil production and net petroleum trade as a percent of U.S. petroleum product supplied, as explained in the article text
Source: U.S. Energy Information Administration, Annual Energy Outlook 2015 (interactive table viewer)
Note: Product supplied is used as a proxy for consumption.

In its recently released Annual Energy Outlook 2015 (AEO2015) Reference case, EIA expects U.S. crude oil production to rise through 2020 as oil prices recover from their steep decline, reducing net petroleum (crude oil and petroleum products) imports. AEO 2015 explores the effects of domestic crude oil production under various assumptions about world oil prices and domestic resource availability.

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Apr 20, 2015

U.S. energy-related carbon dioxide emissions increase in past two years

graph of crude oil and petroleum products transit through Bab el-Mandeb, as explained in the article text
Source: U.S. Energy Information Administration, Monthly Energy Review

For the second year in a row, energy-related carbon dioxide (CO2) emissions in the United States have increased. However, unlike 2013, when emissions and gross domestic product (GDP) grew at similar rates (2.5% and 2.2%, respectively), 2014's CO2 emissions growth rate of 0.7% was much smaller than the 2014 GDP growth rate of 2.4%.

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Apr 17, 2015

New maps highlight geologic characteristics of U.S. tight oil, shale plays

Map of lower 48 states shale plays, as explained in the article text
Source: U.S. Energy Information Administration, based on data from various published studies
Note: Click to enlarge.

EIA is currently in the process of updating maps of major tight oil and shale gas plays, including the Eagle Ford and Marcellus plays, which will help to better characterize the geology of key areas of production in the United States. EIA's most recent maps focus on shale and tight oil plays, and characterize plays based on geologic characteristics, including rock type and age. Understanding geologic history and processes helps exploration and production companies reduce the risk of drilling dry, nonproducing wells and better understand hydrocarbon resource potentials.

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Apr 16, 2015

Households with more vehicles travel more

graph of average annual vehicle miles traveled per household, as explained in the article text
Source: Department of Transportation's National Household Travel Survey 2009

Based on data from the National Household Travel Survey, households with more vehicles not only travel more, but often put more miles on their most-used vehicle compared to households with fewer vehicles. Households with just one vehicle drove an average of 10,600 miles per year, while households with six or more vehicles traveled a total of 57,700 miles. Sixty-eight percent of households have either one or two cars.

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Apr 15, 2015

U.S. energy imports and exports to come into balance for first time since 1950s

graph of U.S. net energy trade in four cases, as explained in the article text
Source: U.S. Energy Information Administration, Annual Energy Outlook 2015 (interactive table viewer)

Projections in EIA's Annual Energy Outlook 2015 (AEO2015), released April 14, show the potential to eliminate net U.S. energy imports sometime between 2020 and 2030. This reflects changes in both supply and demand, as continued growth in oil and natural gas production and the use of renewables combine with demand-side efficiencies to moderate demand growth. The United States has been a net importer of energy since the 1950s.

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Apr 14, 2015

EIA's Annual Energy Outlook will be released later today

image of AEO cover, as explained in the article text
Source: U.S. Energy Information Administration

At 1:00 p.m. Eastern Time, EIA will release the Annual Energy Outlook 2015 (AEO2015), which presents long-term projections of energy supply, demand, and prices through 2040. The analysis in AEO2015 focuses on six cases: Reference, Low and High Economic Growth, Low and High Oil Price, and High Oil and Gas Resource.

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Tags: energy , forecast


Apr 13, 2015

Household spending on gasoline and public transit varies by region, income

graph of selected consumer transportation expenditures by region, as explained in the article text
Source: U.S. Bureau of Labor Statistics, Consumer Expenditure Survey 2003-13

Households in different regions of the United States have similar average combined spending on gasoline and public transit, but the composition of that spending varies significantly across regions. In 2013, the most recent year of data from the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey (CES), the average household spent $3,148 annually on gasoline and public transit, with only about a $200 difference between geographic regions with the highest and lowest travel expenditures. Differences across income levels are much greater, as households in the highest-income brackets spent almost four times as much on recurring travel expenditures as those in the lowest-income bracket.

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