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PO Box 260415
Plano, Texas 75026-0415
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PetroStrategies, Inc.
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Welcome to PetroStrategies

This site is dedicated to
the oil and gas industry

Our goal is to provide information on the economics, processes and driving forces in the oil and gas industry for consumers, industry professionals and students.

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In the News

EIA: Despite decline in some regions, world oil consumption still seen rising - The largest potential for growth in demand for liquid fuels lies in the emerging economies of China, India, and countries in the Middle East, according to EIA's recently released International Energy Outlook 2014. In the Reference case projection, world liquid fuels consumption increases 38% from 87 MMB/D in 2010 to 119 MMB/D in 2040. China, India, and other developing countries in Asia account for 72% of the net world increase in liquid fuels consumption, with Middle East consumers accounting for another 13%. Most liquid fuel demand is for industrial uses and transportation. - 9/12/14

U.S. natural gas production rising - U.S. gas production increased 0.4 Bcf/D in August to 68.9 Bcf/D, which was the highest monthly average on record. - 9/11/14 

Industry to seek changes in 'fracking' rules - Supporters of high-volume oil and gas extraction said Wednesday that they'll seek dozens of changes in proposed rules to govern the practice in Illinois that appear to violate a hard-won compromise between industry and environmentalists. - 9/10/14

North Dakota regulator outlines rail safety plan - A North Dakota regulator outlined details Thursday of her proposal for a state-run rail safety program, which calls for adding three employees to help bolster federal oversight of the state's busy railroads. The Public Service Commison says rail traffic increased in North Dakota by 233 percent between 2000 and 2012 due to the state's oil boom. In the last five years, the commission says, the state has seen 56 track-related accidents and 22 equipment-related accidents that have resulted in more than $30 million worth of damage. - 8/22/14

Mexico opens oil and gas to foreign, private firms - President Enrique Pena Nieto signed into law on Monday new rules governing a historic opening of Mexico's state-run oil, gas and electricity industries to foreign and private companies. The president also promised to start putting in place regulatory and oversight agencies to implement the new rules by the end of August. 8/12/14

EIA: Marcellus Region production continues growth - Natural gas production in the Marcellus Region exceeded 15 Bcf/D through July. - 8/6/14

PetroStrategies Developments

Gasoline Toolkit updated with July 2014 data. See Gasoline Toolkit.

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