Crude Oil

Ohio’s unconventional oil and natural gas production declined sharply in the first quarter as operators grappled with a challenging period in which energy demand crumbled due to the coronavirus pandemic and commodity prices followed with a historic decline.

The U.S. Environmental Protection Agency (EPA) has issued a proposed order that it said would codify best practices for benefit-cost analysis in rulemakings and provide clarity for states, local communities and industry.

The Covid-19 crisis, unsurprisingly, has caused global energy investments to fall more than ever, with “serious implications” for security and the transition to alternative fuels, the International Energy Agency (IEA) said Wednesday.

A group of nine members of Congress from both parties wants House and Senate leadership to keep in mind “the unique challenges facing the people who work in the U.S. oil and gas sector” as they craft relief legislation in response to the coronavirus pandemic.

Natural gas production from seven of the most prolific onshore U.S. unconventional plays is likely to decline in April compared with March, and oil production will remain nearly unchanged, according to the Energy Information Administration (EIA).

The United States became a net exporter of crude and petroleum products in September, thanks in large part to exports of finished petroleum products, according to data from the Energy Information Administration (EIA).

DJ South Gathering LLC (DJS) has launched a supplemental binding open season for shipper commitments on a new crude oil pipeline system it intends to build in Colorado.

One of the first of the big Permian Basin-to-Gulf Coast crude pipelines has reached its destination in South Texas, according to Trafigura Trading LLC and Buckeye Partners LP.

Oklahoma City-based Continental Resources Inc. has announced new details for its Long Creek Bakken Unit development project, which includes a production start date in the third quarter of 2020.