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M&A activity in 2023 furthers consolidation of U.S. crude oil and natural gas firms
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In 2023, crude oil and natural gas exploration and production (E&P) companies increased spending on mergers and acquisitions (M&A) to $234 billion, the ...

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Natural gas intrastate pipeline capacity additions outpaced interstate additions in 2023
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In 2023, 5.2 billion cubic feet per day (Bcf/d) of natural gas intrastate pipeline capacity was added in the United States, according to our recently updated ...

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M&A activity in 2023 furthers consolidation of U.S. crude oil and natural gas firms
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In 2023, crude oil and natural gas exploration and production (E&P) companies increased spending on mergers and acquisitions (M&A) to $234 billion, the ...

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Four countries could account for most near-term petroleum liquids supply growth
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In 2023, the world produced an estimated 101.8 million barrels per day (b/d) of petroleum and other liquids: mostly crude oil but also lease condensate, ...

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U.S. crude oil exports reached a record in 2023
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U.S. crude oil exports established a record in 2023, averaging 4.1 million barrels per day (b/d), 13% (482,000 b/d) more than the previous annual record set in ...

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Winter storms have disrupted U.S. natural gas production
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Over the last four winters, winter storms Uri (February 2021), Elliott (December 2022), and most recently, Heather (January 2024) interrupted weekly U.S. ...

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U.S. propane exports established a new record in December 2023
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U.S. propane exports averaged a record 1.9 million barrels per day (b/d) in December 2023, the highest since we began collecting this data in 1973 in our ...

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Reduced refinery activity puts upward pressure on gasoline and diesel prices
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Since early January 2024, U.S. refinery utilization has decreased 11%, falling as low as 81% during the two weeks ending February 9 and February 16, and ...

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Washington State’s emissions allowance program held its first auctions in 2023
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Washington State wrapped up its first full year of auctions for tradable emission allowances in December, as the state considers joining an integrated regional ...

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United States produces more crude oil than any country, ever
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The United States produced more crude oil than any nation at any time, according to our International Energy Statistics, for the past six years in a row. Crude ...

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