Amount of natural gas in storage reaches new record

Working natural gas in storage reached a record high of 4,017 billion cubic feet (Bcf) as of November 4, according to EIA’s latest Weekly Natural Gas Storage Report. Inventories have been relatively high throughout the year, surpassing previous five-year highs in 48...

U.S. oil drilling increasingly focused in Permian Basin

U.S. drilling activity is increasingly concentrated in the Permian Basin, which spans parts of western Texas and southeastern New Mexico. The Permian now holds nearly as many active oil rigs as the rest of the United States combined, including both onshore and...