MassiveIndustry

(Tue, 10 Apr 2018) Two out of three of EIA’s measures of natural gas production in the United States set records in 2017. U.S. natural gas production measured as gross withdrawals reached 90.9 billion cubic feet per day (Bcf/d) in 2017, the highest volume on record according to EIA’s <em>Monthly Crude Oil, Lease Condensate, and Natural Gas Production Report</em>.

(Mon, 09 Apr 2018) Iran holds the world’s fourth-largest proved crude oil reserves and the world’s second-largest natural gas reserves. Since the lifting of sanctions that targeted Iran’s oil sector, oil production has reached more than 3.8 million barrels per day in 2017. Iran’s natural gas activities are centered on the South Pars natural gas field, located offshore in the Persian Gulf, which holds roughly 40% of Iran’s proved natural gas reserves.

(Fri, 06 Apr 2018) While most fossil fuels in the United States are burned, or combusted, to produce heat and power, EIA estimates that the equivalent of about 5.5 quadrillion British thermal units of fossil fuels were consumed for non-combustion purposes in the United States in 2017. Over the past decade, non-combustion consumption of fossil fuels has typically accounted for about 7% of total fossil fuel consumption and about 6% of total energy consumption in the United States.

(Wed, 04 Apr 2018) Annual average U.S. crude oil production reached 9.3 million barrels per day (b/d) in 2017, an increase of 464,000 b/d from 2016 levels after declining by 551,000 b/d in 2016. In November 2017, monthly U.S. crude oil production reached 10.07 million b/d, the highest monthly level of crude oil production in U.S. history.