Canada’s primary underground propane inventories fell by 11.4% in December to start January at 2044.8 Mcm, the equivalent of 12.9 MMbbl, according to the Canada Energy Regulator (CER). The total represented a major month-to-month decrease of 262.6 Mcm. Compared to a year earlier, stocks continued to be markedly higher, with 1282.0 Mcm, or 168.1%, more product on hand.
According to the most recent Baker Hughes Rig Count, released Jan. 22, the U.S. rig count gained five from the previous week to reach 378. Oil rigs were up two to 289, gas rigs were up three to 88, and miscellaneous rigs were unchanged at one.

The U.S. rig count was down 416 rigs from last year’s count of 794, with oil rigs down 387, gas rigs down 27, and miscellaneous rigs down two.
The U.S. offshore rig count was unchanged at 16, down five year-over-year.
American Petroleum Institute (API) president and CEO Mike Sommers issued the following statement Jan. 20 in response to President Biden’s executive actions on climate and energy issues.

“President Biden takes office at a time when the U.S. leads the world both in energy production and environmental performance. This president inherits a strong American energy picture—marked by low household energy costs, record emissions reductions and less reliance on foreign energy.
Blue Bird (Fort Valley, Ga.) announced Jan. 19 it will begin production this spring of its propane and gasoline Vision school buses that integrate Ford’s all-new 7.3L V8 engine and a purpose-built fuel system designed specifically for school-bus application. The 2022 model features innovative technology that integrates an advanced fuel system with a new engine, improved and simplified wiring and fuel line routing, and an updated look for school buses.
On Jan. 13, Palmer Gas & Oil (Atkinson, N.H.) confirmed its commitment to keeping New Hampshire, Maine, and Massachusetts homes and businesses warm by breaking ground on a propane storage facility in Somersworth, N.H. Family-owned Palmer Gas & Oil, along with its subdivision Lamprey Energy, is one of the largest providers of commercial and residential fuel, service, sales, and installation in the area.

 

The Petroleum Equipment & Services Association (PESA) reports that during the week of Jan. 11, Texas Rep. August Pfluger (R-TX-11) introduced a bill that would protect the oil and gas industry from potential limits to drilling on federal lands. H.R. 218 would prohibit the Secretary of the Interior and the Secretary of Agriculture from issuing moratoriums on issuing new oil and gas leases and drill permits on certain federal lands.
The American Petroleum Institute (API) Jan. 13 hosted its annual State of American Energy address, where it outlined actions the natural gas and oil industry is taking to support the nation’s economic recovery and a vision for an affordable, reliable, and cleaner energy future. API president and CEO Mike Sommers headlined the event that drew more than 2000 virtual attendees and featured young professionals and local energy leaders, including a New Mexico teacher and Pennsylvania-based union trade leader.
U.S. Rig Count increased by 13 from the previous week to reach 373 rigs.
According to the most recent Baker Hughes Rig Count, released Jan. 15, the U.S. Rig Count increased by 13 from the previous week to reach 373 rigs. Oil rigs increased by 12 to 287, gas rigs added one to 85, and miscellaneous rigs were unchanged for a total of one.

The U.S. rig count was down 423 rigs from last year's count of 796, with oil rigs down by 386, gas rigs down 35, and miscellaneous rigs decreased by two.
The U.S. offshore rig count was down one to 16, and is off by four year-over-year.
According to analysis of preliminary data from the Bureau of Labor Statistics (BLS) by the Petroleum Equipment & Services Association (PESA), America’s oilfield services and equipment (OFS) sector employment edged higher for a fourth month, adding an estimated 4592 jobs in December.
Demand for all fuels was hurt in 2020, and natural gas was no exception. As the year concluded, Rystad Energy has analyzed all of the year’s gas-related activity and produced a thorough report, offering some key figures and some long-term outlook on the future of the industry. Here is a selection of its key findings it released Jan. 11:

2020 Estimates:
In its January 2020 Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasts that annual U.S. crude oil production will average 11.1 MMbbld in 2021, down 200,000 MMbbld from 2020 as a result of a decline in drilling activity related to low oil prices. A production decline in 2021 would mark the second consecutive year of production declines. Responses to the COVID-19 pandemic led to supply and demand disruptions.
Dead River Co. (South Portland, Maine) revealed Jan. 19 that its commitment to transport safety has resulted in yet another Grand Champion Fleet Safety Award from the Maine Motor Transport Association (MMTA).

The award, announced Jan. 5 during the MMTA’s virtual annual meeting, was presented to Dead River Co. by Tim Doyle, vice president of the MMTA.
During the latest mid-month period, posted prices at Mont Belvieu seemingly showed the effects of winter demand as they strengthened by just over 26.50 cents/gal., while spot prices jumped more than 33 cents. Group 140, Conway, Kan., postings ended with a 30.2-cent gain and spots pushed up 31.50 cents over the month.
In its January 2021 Short-Term Energy Outlook Supplement: Developments in Global Oil Consumption, EIA explained the effects on oil consumption, beyond an economic recession’s implications alone, increased the challenges in estimating petroleum consumption. Looking back at 2020, even in May and June, the extent of consumption declines in April were unknown, and to some extent, are still unknown.
Ray Murray Inc. (RMI; Lee, Mass.) has revealed that effective Jan. 7, Mike Hopsicker has acquired 100% ownership of RMI. The partnership between Hopsicker and the Murray family began in 2005 when they began working together on a planned transition of ownership. Prior to RMI, Hopsicker was CEO of Agway Inc., and spent 8 years as the CEO of Agway Energy Products, one of the largest retail marketers of propane and fuel oil in the U.S.
The Federal Reserve Bank of Kansas City released its fourth quarter Energy Survey Jan. 8. According to Chad Wilkerson, Oklahoma City Branch executive and economist at the Federal Reserve Bank of Kansas City, the survey revealed that Tenth District energy activity expanded moderately but continued to lag year-ago levels.
According to the most recent Baker Hughes Rig Count, released Jan. 8, the U.S. Rig Count increased by nine rigs to reach 360 rigs. Oil rigs increased by eight to 275, gas rigs added one to 84, and miscellaneous rigs were unchanged for a total of one.

The U.S. rig count was down 421 rigs from last year's count of 781, with oil rigs down by 384, gas rigs down 35, and miscellaneous rigs decreased by two.
The U.S. Energy Information Administration (EIA) reported Jan. 6 that response to the COVID-19 pandemic in the first half of 2020, led to steep declines in petroleum demand, highly volatile crude oil markets, and rising U.S. and global liquid fuels inventories.
The International Energy Agency (IEA) said Jan. 11 that it will produce the world’s first comprehensive roadmap for the energy sector to reach net-zero emissions by 2050 as it further strengthens its leadership role in global clean energy transitions.
More than 50,000 North American Standard Level I, II, III, and V inspections were conducted throughout Canada, Mexico, and the U.S. during the Commercial Vehicle Safety Alliance’s (CVSA) three-day International Roadcheck commercial motor vehicle and driver inspection and enforcement initiative. The overall vehicle out-of-service rate in North America, for Level I, II, and V Inspections combined, was 20.9%.