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Oil and natural gas provide not only fuels for electricity and transportation, but also the ingredients for plastics used for a wide variety of products. That includes the syringes and other medical supplies used to combat the coronavirus pandemic as well as the equipment used for outdoor recreation. Chris Wright, chief executive officer and chairman of Liberty Oilfield Services based in Denver, said oil and natural gas improve quality of life. Pyle and Wright discussed the uses of oil and natural gas and the potentially far-reaching effects of government regulation on the energy industry in a Zoom meeting arranged by the Grand Junction Area Chamber of Commerce and Western Slope Colorado Oil and Gas Association. The American Energy Alliance engages in advocacy and debate about energy and conservation policies, Pyle said. The AEA is part of the Institute for Energy Research, a not-for-profit organization that researches the functions, operations and government regulation of global energy markets. Among other things, the pandemic revealed the importance of oil and natural gas to the production and distribution of medical supplies, Pyle said. coal petroleum and natural gas are.Shale Daily.
Midcontinent oil and natural gas activity improved during the first quarter, climbing higher than year-ago levels for the first time since Marchaccording to the Federal Reserve Bank of Kansas City. The Kansas City Fed, as it is better known, compiles energy activity every quarter for the Tenth District, which encompasses firms headquartered in Colorado, Missouri, Nebraska, northern New Mexico and Oklahoma. The report follows a recent first-quarter energy survey by the Federal Reserve Bank of Dallascovering activity in Louisiana, parts of New Mexico and Texas.
click In the Dallas Fed survey, executives reported a dramatic improvement in their outlook for Energy executives responding to the Tenth District survey conducted March said they needed higher oil and gas prices to remain profitable. The drilling and business activity index eased slightly on a sequential basis to 34 from The drilling and business activity index moved to 10 from minus Revenues, capital spending and profits also were higher than year-ago levels. Meanwhile, employment and access to credit continued to decline. Energy executives said their expectations have increased.
Death Toll in Seacor Power Capsize Rises to Four
Price expectations for oil, natural gas, and natural gas liquids expanded at a petrolekm pace, but still remained at high levels. This will become more obvious once investors realize many of the horizontal plays have been over-drilled and billions were wasted on wells that did not need to be drilled.
Executives also were quizzed about what they expected oil and natural gas prices to be over the next five years. Overall, prices were pegged to move higher than previous price expectations in Two more people have been found dead offshore Louisiana following the capsize of a Seacor Marine liftboat last week, bringing the death toll coxl four. The U. The divers work for Donjon Marine Co. You have 3 free articles remaining. View Subscription Options Sign In. Carolyn Davis.]
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