1. Oil production is declining in three U.S. regions.
The Eagle Ford, Niobrara and Bakken are expected to have decreases in production for March and April. This is a result of the drop in the number of new wells drilled. (via EIA)
BIRMINGHAM, Ala. (April 7, 2015)
1. Canadian storage hits record highs.
Edmonton is storing more than it ever has, even though it has only reached 64 percent of its capacity. Since 2012, the area has added many storage tanks to its capacity. (via Genscape)
WASHINGTON (March 23, 2015) – On Friday, March 20, the Obama administration announced that it will require companies to disclose chemicals used in hydraulic fracturing on federal lands. The new rules also impose other requirements on oil and gas companies.