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 set to break record in 2023 despite UN climate goals
The United States is poised to extract more oil and gas than ever before in 2023, a year that is certain to be the hottest ever recorded, providing a daunting backdrop to crucial United Nations climate talks that hold the hope of an agreement to end the era of fossil fuels… Read More
Climate bill’s unlikely beneficiary: US oil and gas industry
The U.S. oil industry hit a legal roadblock in January when a judge struck down a $192 million oil and natural gas lease sale in the Gulf of Mexico over future global warming emissions from burning the fuels… Read More
U.S. oil and natural gas production to fall in 2021, then rise in 2022
In its January 2021 Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasts that annual U.S. crude oil production will average 11.1 million b/d in 2021, down 0.2 million b/d from 2020 as result of a decline in drilling activity related to low oil prices… Read More
Gas 2020: Analysing the impact of the Covid-19 pandemic on global natural gas markets
2020 is on its way to experiencing the largest recorded demand shock in the history of global natural gas markets. Read More
Natural gas prices spike 13 percent on forecasts for long, severe cold
Natural gas prices spiked on Monday as the market gained confidence that the severe cold gripping the United States will persist longer than previously thought…Read more
US to become a net energy exporter in 2020 for first time in nearly 70 years, Energy Dept says
The boom in U.S. oil and natural gas production will make the U.S. a net energy exporter in 2020 …Read more