JRS Land Co. is committed to keeping you updated on news stories from in and around the gas/oil industry.
US Oil and Gas Production Hit Fresh Record High in August, EIA Data Shows
U.S. oil and gas production rose to record highs in August, data from the Energy Information Administration showed on Friday, shrugging off concerns that the market is heading towards a surplus. Read more…
EIA adjusts forecast for U.S. oil production as producers set a record in July 2025
The U.S. Energy Information Administration (EIA) forecasts in its October Short-Term Energy Outlook (STEO) that U.S. crude oil production will average 13.5 million barrels per day in both 2025 and 2026, both slightly higher than the agency’s September forecast. Read more…
BLM announces September 2025 sale of oil and gas leases in Utah
The Bureau of Land Management Utah State Office today announced an oil and gas lease sale scheduled for Sept. 24, 2025, to offer 15 oil and gas parcels totaling 19,014 acres in Utah. Read more…
What’s Affecting Oil Prices This Week? (Sept. 22, 2025)
The price of Brent crude ended the week at $66.66 after closing the previous week at $66.88. The price of WTI ended the week at $62.72 after closing the previous week at $62.60. Read more…
Carbon Minefields Oil and Gas Exploration Monitor
Last month, governments awarded 14 new oil and gas exploration licences across four countries, unlocking reserves that—if burned—would emit roughly 48.3 MtCO2. Read More…
Natural Gas Market Indicators – August 14, 2025
The natural gas market continues to boom. Despite a short-term dip in domestic demand, monthly production continues at record levels and, year-to-date, LNG feedgas flows are averaging 2.5 Bcf per day higher than in 2024, according to data from Rystad Energy. Read more…