Today in Energy
Most U.S. utility-scale geothermal power plants built since 2000 are binary-cycle plants
Utility-scale geothermal power plants in the United States use either steam power or a binary cycle to generate electricity. Of the 2,558 megawatts (MW) of geothermal power plant capacity currently operating in the United States, 1,826 MW of capacity is from steam-powered plants and 731 MW of...
CountryMark and branded dealers give back through adjusted Fueling Freedom program
For over 10 years, CountryMark has hosted Fueling Freedom events at CountryMark branded fueling stations across Indiana, Illinois and Ohio. During these events, CountryMark and branded dealers have donated 50 cents for every gallon of fuel pumped to local National Guard Soldier & Family...
U.S. energy consumption in April 2020 fell to its lowest level in more than 30 years
According to the U.S. Energy Information Administration’s (EIA) most recent Monthly Energy Review, the United States consumed 6.5 quadrillion British thermal units of energy in April 2020, the lowest monthly energy consumption since September 1989. Energy consumption in April 2020 was 14%...
2019 U.S. coal production falls to its lowest level since 1978
In 2019, U.S. coal production totaled 706 million short tons (MMst), a 7% decrease from the 756 MMst mined in 2018. Last year’s production was the lowest amount of coal produced in the United States since 1978, when a coal miners’ strike halted most of the country’s coal production...
Early 2020 drop in crude oil prices led to write-downs of U.S. oil producers’ assets
According to publicly filed financial statements, 40 U.S. oil producers collectively wrote down $48 billion worth of assets in the first quarter of 2020, the largest quarterly adjustment since at least 2015. Low crude oil prices contributed to significant declines in revenue and the value of these...
EIA now estimates biodiesel production and consumption by state
The U.S. Energy Information Administration (EIA) recently released new biodiesel estimates in the State Energy Data System (SEDS), EIA’s comprehensive source for annual state energy statistics. Previously, EIA published national-level biodiesel data as well as state- and plant-level biodiesel...
Colorado ranks seventh among states with the most energy production
The U.S. Energy Information Administration’s (EIA) latest State Energy Data System (SEDS) update shows Colorado ranked seventh in energy production within a state in 2018. Since 2010, the growth in Colorado’s energy production has come primarily from increased fossil fuel production...
COVID-19 mitigation has delayed construction of some electric generators
According to the U.S. Energy Information Administration’s (EIA) March and April Preliminary Monthly Electric Generator Inventory data, COVID-19 mitigation efforts have resulted in slightly more delays than average in the commercial operation dates of proposed electric generator projects. Based...
U.S. crude oil and natural gas production in April had biggest monthly decreases in years
Production of crude oil and natural gas decreased in the United States in April 2020 by 670,000 barrels per day (b/d) and 2.6 billion cubic feet per day (Bcf/d), respectively, according to the U.S. Energy Information Administration’s (EIA) Monthly Crude Oil and Natural Gas Production Report...
U.S. Henry Hub natural gas spot prices reached record lows in the first half of 2020
In the first half of 2020, natural gas prices at the U.S. Henry Hub benchmark reached record lows. The average monthly Henry Hub spot price in the first six months of the year was $1.81 per million British thermal units (MMBtu). Monthly prices reached a low of $1.63/MMBtu in June, the lowest monthly...
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