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DOE Awards SPR Oil Sale Contracts

DOE Awards SPR Oil Sale Contracts
rigzone.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rigzone.com Daily Mail and Mail on Sunday newspapers.

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Oil, Gas, And Fracking News Read14March 2021

The natural gas storage report from the EIA for the week ending March 5th indicated that the amount of natural gas held in underground storage in the US fell by 52 billion cubic feet to 1,793 billion cubic feet by the end of the week, which left our gas supplies 257 billion cubic feet, or 12.5% below the 2,050 billion cubic feet that were in storage on March 5th of last year, and 141 billion cubic feet, or 7.3% below the five-year average of 1,934 billion cubic feet of natural gas that have been in storage as of the 5th of March in recent years..the 52 billion cubic feet that were drawn out of US natural gas storage this week was less than the average forecast of a 65 billion cubic foot withdrawal from an S&P Global Platts survey of analysts, and was also less than 72 billion cubic foot withdrawal from natural gas storage seen during the corresponding week of a year earlier, and less than the average withdrawal of 89 billion cubic feet of natural gas that have been pulled out of ....

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As Oil Prices Surge, US Has 638 Million Barrels Underground in These 2 States

As Oil Prices Surge, US Has 638 Million Barrels Underground in These 2 States
Douglas A. McIntyre
© Provided by 24/7 Wall St.
With West Texas Intermediate (WTI) crude oil prices at a 52-week high of $66.42 a barrel, the U.S. Department of Energy announced last week that it had awarded contracts for sales of 10.1 million barrels of crude oil from the U.S. Strategic Petroleum Reserve (SPR). The expected end of the COVID-19 pandemic, combined with restricted production from the OPEC+ group, have been moving crude prices higher since November, following the announcement of two vaccines that will slow the spread of the coronavirus. ....

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USA Sells 10+ Million Barrels of SPR Oil

The U.S. Department of Energy's Office of Fossil Energy has announced that contracts have been awarded from a recent Congressionally directed Strategic Pet. ....

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Avery Island, Louisiana: History behind the salt domes

Lance Begnaud II, 27, of Broussard, and Rene Romero Jr., 41, of New Iberia, died from injuries sustained in the Dec. 14 collapse at the mine operated by Cargill Deicing Technologies.
Avery Island is a salt dome surrounded by marsh in lower Iberia Parish, which borders the Gulf of Mexico.
It s not an island in the traditional sense. That is, it s not surrounded by a body of open water, Shane Bernard, historian and curator for the McIlhenny Co., wrote on his blog in 2016. In fact, it s located about 3 miles inland from the nearest body of open water. But it is surrounded on all sides by wetlands either grassy salt marsh, wooded cypress swamp, or slow-moving, muddy bayous. ....

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