US Drilled But Uncompleted Wells Already at Pre-COVID-19 Levels
Thursday, February 4, 2021

The number of drilled but uncompleted wells (DUCs) that accumulated at the height of the pandemic has already subsided to pre-COVID-19 levels in the United States, a Rystad Energy analysis announced Jan. 25 shows. After swelling to a multi-year high of 6,548 wells in June 2020, the number of such wells in the country’s major oil regions slimmed down to around 5,700 wells by the end of December 2020.

US Rig Count Up 6
Thursday, February 4, 2021

In the latest Baker Hughes Rig Count, released Jan. 29, the United States rig count was up six from the previous week to 384. Oil rigs were up six to 295, gas rigs were unchanged at 88, and miscellaneous rigs were unchanged at one.

The U.S. rig count was down 406 rigs from last year’s count of 790, with oil rigs down 380, gas rigs down 24, and miscellaneous rigs down two.

The U.S. offshore rig count was unchanged at 16, down five year over year.

Superior Plus Acquires Holden Oil
Thursday, January 28, 2021
Superior Plus Corp. (Toronto) has announced that one of its wholly-owned subsidiaries has acquired all of the assets of a retail propane and distillate distribution company, operating under the tradename Holden Oil.

Founded in 1924, and located in Peabody, Mass., Holden is an established independent retail energy distributor serving approximately 8750 residential and commercial customers in the Northeast.
RegO Consolidates Distribution Network In Canada
Thursday, January 28, 2021
RegO (Elon, N.C.), a leading provider of advanced valves and controls for liquid and gas in the LPG, LNG, cryogenic, and industrial gas industries, has consolidated its network of wholesale distributors in Canada. RegO’s complete product portfolio of LPG regulators, valves, and tank fittings is now available exclusively from Diversco Supply for the entire country of Canada.
Propane Outpaces Electric For Carbon Footprint In Trucks
Thursday, January 28, 2021
A new comparative analysis released Jan. 26 analyzes the carbon footprint of medium-duty and heavy-duty (MD-HD) engine vehicles powered by propane and electricity. The analysis, “Decarbonization of MD-HD Vehicles with Propane,” found that propane-fueled MD-HD internal combustion engine vehicles provide a lower carbon footprint solution in 38 U.S. states and Washington, D.C., when compared to MD-HD electric vehicles (EVs) charged using the electrical grid.
Canadian Inventories Retreat, But Are Still Strong
Thursday, January 28, 2021
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.
U.S. Rig Count Gains Five
Thursday, January 28, 2021
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.
API Issues Statement on Biden’s Executive Orders
Thursday, January 28, 2021
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 To Begin Producing Updated Propane, Gasoline Buses
Wednesday, January 20, 2021
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.
Palmer Gas & Oil Breaks Ground on Propane Storage Facility
Wednesday, January 20, 2021
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.
Saving America’s Energy Future Act Introduced
Wednesday, January 20, 2021
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.
API Outlines Path to Affordable, Reliable, and Cleaner Energy
Wednesday, January 20, 2021
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.
Rig Counts Rise Again
U.S. Rig Count increased by 13 from the previous week to reach 373 rigs.
Wednesday, January 20, 2021
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.
Oilfield Services and Equipment Sector Adds Jobs
Wednesday, January 20, 2021
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.
Rystad Energy Announces Key Findings from Gas Year 2020 Review
Wednesday, January 20, 2021
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:
U.S. Oil, Natural Gas Production to Fall in 2021, Rise in 2022
Wednesday, January 20, 2021
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. is Grand Champion for Highway Safety
Wednesday, January 20, 2021
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.
Mid-Month to Mid-Month: Mid-January Prices Keep on Surging
Thursday, January 14, 2021
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.
EIA Explains Developments in Global Oil Consumption
Wednesday, January 13, 2021
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.
Mike Hopsicker Acquires 100% of Ray Murray Inc.
Wednesday, January 13, 2021
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.