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Short, timely articles with graphs about recent issues and trends in financial markets

Electric Sales, Revenue, and Price

Released: September 27, 2012

Annual report providing State totals for sales, revenue, customer counts, average retail price and average monthly bills. (archived versions)

Annual Energy Review

Released: September 27, 2012

A report of historical annual energy statistics. For many series, data begin with the year 1949. Included are data on total energy production, consumption, and trade; overviews of petroleum, natural gas, coal, electricity, nuclear energy, renewable energy, as well as financial and environmental indicators; and data unit conversion tables.

 
Market Prices and Uncertainty Report

Released: September 11, 2012

This is a regular monthly supplement to the EIA Short-Term Energy Outlook. (archived versions)

 
Energy & Financial Markets: What Drives Crude Oil Prices?

Released: December 14, 2011

An assessment of the various factors that may influence oil prices - physical market factors as well as those related to trading and financial markets. The analysis describes 7 key factors that could influence oil markets and explores possible linkages between each factor and oil prices, and includes regularly-updated graphs that depict aspects of those relationships.

Direct Federal Financial Interventions and Subsidies in Energy in Fiscal Year 2010

Released: August 1, 2011

This report responds to a November 2010 request to the U.S. Energy Information Administration (EIA) from U.S. Representatives Roscoe G. Bartlett, Marsha Blackburn, and Jason Chaffetz for an update to a 2008 report prepared by EIA that provided a snapshot of direct federal financial interventions and subsidies in energy markets in fiscal year (FY) 2007, focusing on subsidies to electricity production. As requested, this report updates the previous report using FY 2010 data and is limited to subsidies that are provided by the federal government, provide a financial benefit with an identifiable federal budget impact, and are specifically targeted at energy markets. Subsidies to federal electric utilities, in the way of financial support, are also included as requested.

 
Performance Profiles of Major Energy Producers

Released: February 25, 2011

The information and analyses in Performance Profiles of Major Energy Producers is intended to provide a critical review, and promote an understanding, of the possible motivations and apparent consequences of investment decisions made by some of the largest corporations in the energy industry. (archived versions)

 
Financial News for Major Energy Companies

Released: January 5, 2011

The "Financial News for Major Energy Companies" is issued quarterly to report recent trends in the financial performance of the major energy companies. (archived versions)

 
Energy and Financial Markets Initiative: Update on Work Related to Oil Markets

Released: November 18, 2010

EIA's Energy and Financial Markets Initiative " Improving information on petroleum storage capacity " Synthesis of our current perspective on oil price formation

 
Mergers & Alliances

Released: November 12, 2010

Information on mergers and alliances among energy companies.

Oil and Gas Lease Equipment and Operating Costs 1994 Through 2009

Released: September 28, 2010

Regional and national oil and gas equipping and operating cost trends.

Financial News for Independent Energy Companies

Released: September 21, 2010

The report reviews recent trends in the financial performance of independent energy companies, which are typically smaller than the majors and do not have integrated production/refining operations. (archived versions)

 
Aspects of Hess' Acquisition of American Oil & Gas

Released: August 2, 2010

On July 27, 2010, Hess Corporation announced that it had agreed to acquire American Oil & Gas, Inc. in a stock-only transaction worth as much as $488 million (based on Hess' closing price of $53.30/share, anticipated number of newly issued shares, and $30 million credit facility extended to American Oil & Gas prior to closing).

Aspects of Apache's Acquisition of Mariner Energy and Selected Devon Energy Assets

Released: April 15, 2010

The Energy Information Administration reviews mergers, acquisitions, and alliances by companies that are respondents to Form EIA-28 (Financial Reporting System (FRS)), or that result in a company that meets the FRS reporting criteria.

Acquisitions and Divestitures by Foreign Direct Investors in U.S. Energy

Released: April 1, 2010

This report reviews acquisitions of U.S. energy assets by foreign investors in 2007. (archived versions)

 
Quarterly Selected Financial and Operating Data

Released: December 28, 2009

Presents quarterly financial data and operating data for a consistent set of major energy companies.

 
Aspects of Exxon Mobil Corporation's Acquisition of XTO Energy Inc

Released: December 16, 2009

A summary presentation to inform discussion of the recently announced acquisition of XTO Energy Inc. by Exxon Mobil Corporation, a transaction which is reportedly $41 billion in value. "Aspects of Exxon Mobil Corporation's Acquisition of XTO Energy Inc" presents non-proprietary company-level oil and gas production and reserve data and the relevant U.S. aggregate data published by EIA.

 
Genealogy Of Major U.S. Refiners

Released: December 2, 2009

A summary presentation iof mergers and acquisitions by U.S. major oil companies (including the U.S. affiliates of foreign major oil companies). The presentation focuses on petroleum refining over the last several years through late 2009.

 
Downstream Petroleum Mergers and Acquisitions by U.S. Major Oil Companies

Released: December 2, 2009

A summary presentation of mergers and acquisitions by U.S. major oil companies (including the U.S. affiliates of foreign major oil companies). The presentation focuses on petroleum refining over the last several years through late 2009.

Foreign Direct Investment in U.S. Energy

Released: June 1, 2009

This report describes the role of direct foreign ownership of U.S. energy enterprises with respect to their energy operations, capital investments, and net foreign investment flows (including net loans). In addition, since energy investments are made in a global context, the report examines patterns of direct investment in foreign energy enterprises by U.S.-based companies. (archived versions)

 
Aspects of Holly Corporation's Acquisition of Sunoco Inc.'s Tulsa, Oklahoma Refinery

Released: April 22, 2009

The Energy Information Administration has produced a review of aspects of the Holly's acquisition of Sunoco's 85,000-barrels-per-day Tulsa refinery

 
Federal Financial Interventions and Subsidies in Energy Markets 2007

Released: April 1, 2008

This report responds to a request from Senator Lamar Alexander of Tennessee that the EIA update its 1999 to 2000 work on Federal energy subsidies, including any additions or deletions of Federal subsidies based on Administration or Congressional action since 2000, and providing an estimate of the size of each current subsidy. Subsidies directed to electricity production are estimated on the basis of generation by fuel.

 
Genealogy of Major U.S. Oil and Gas Producers

Released: January 18, 2007

Summarizes the mergers and acquisitions of the U.S. major oil companies that have occurred, in some cases, over approximately the last 20 years.

 
Aspects of Western Refining, Inc.'s Proposed Acquisition of Giant Industries, Inc.

Released: September 12, 2006

Presentation of company-level, non-proprietary data and relevant aggregate data for U.S. refinery capacity and gasoline marketing of Western Refining and Giant Industries to inform discussions of Western Refining Inc.'s proposed acquisition of Giant Industries Inc. for a total of $1.5 billion, which was announced August 28, 2006.

Anadarko's Proposed Acquisition of Kerr-McGee and Western Gas Resources

Released: June 23, 2006

Presentation of company-level, non-proprietary data and relevant aggregate data for worldwide oil and natural gas reserves and production of Anadarko, Kerr-McGee, and Western Gas Resources to inform discussions of Anadarko Petroleum Corp.'s proposed acquisition of both Kerr-McGee Corp. and Western Gas Resources Inc. for a total of $23.3 billion, which was announced June 23, 2006.

 
Impact of Environmental Compliance Costs on U.S. Refining Profitability 1995-2001

Released: May 1, 2003

This report assesses the effects of pollution abatement requirements on the financial performance of U.S. petroleum refining and marketing operations during the 1995 to 2001 period. This study is a follow-up to the October 1997 publication entitled The Impact of Environmental Compliance Costs on U.S. Refining Profitability, that focused on the financial impacts of U.S. refining pollution abatement investment requirements in the 1988 to1995 period.

 
Derivatives and Risk Management in the Petroleum, Natural Gas, and Electricity Industries

Released: October 1, 2002

In February 2002 the Secretary of Energy directed the Energy Information Administration (EIA) to prepare a report on the nature and use of derivative contracts in the petroleum, natural gas, and electricity industries. Derivatives are contracts ('financial instruments') that are used to manage risk, especially price risk.

 
EIA's Testimony on the Effect of the ENRON Bankruptcy on the Functioning of Energy Markets

Released: February 13, 2002

Statement of Mary J. Hutzler, Acting Administrator; Energy Information Administration; Department Of Energy Before The Subcommittee on Energy and Air Quality; Committee on Energy and Commerce United States House of Representatives Hearing on the Effect of the Enron Bankruptcy on the Functioning of Energy Markets February 13, 2002

Financial Statistics of Major U.S. Publicly Owned Electric Utilities

Released: November 1, 2001

2000 - Final issue. Presents summary financial data for 1994 through 2000 and detailed financial data for 2000 on major publicly owned electric utilities. (archived versions)

 
Restructuring: The Changing Face of Motor Gasoline Marketing

Released: November 1, 2001

This report reviews the U.S. motor gasoline marketing industry during the period 1990 to 1999, focusing on changes that occurred during the period. The report incorporates financial and operating data from the Energy Information Administration's Financial Reporting System (FRS), motor gasoline outlet counts collected by the National Petroleum News from the States, and U.S. Census Bureau salary and employment data published in County Business Patterns

Majors' Shift to Natural Gas, The

Released: September 1, 2001

The Majors' Shift to Natural Gas investigates the factors that have guided the United States' major energy producers' growth in U.S. natural gas production relative to oil production. The analysis draws heavily on financial and operating data from the Energy Information Administration's Financial Reporting System (FRS)

 
Energy Price Impacts on the U.S. Economy

Released: April 1, 2001

A brief analysis of energy price impacts on the U.S. economy.

 
EIA's Testimony on Federal Tax Laws

Released: March 5, 2001

Statement of John S. Cook Department of Energy, Energy Information Administration before the House Committee on Ways and Means Subcommittee on Oversight; United States House of Representatives hearing on federal tax laws; March 5, 2001

Changing Structure of the Electric Power Industry 2000: An Update, The

Released: October 1, 2000

Provides a comprehensive overview of the structure of the U.S. electric power industry over the past 10 years, with emphasis on the major changes that have occurred, their causes, and their effects

 
U.S. Refining Industry: Developments and Outlook, 1998-2001, The

Released: August 11, 2000

Presented by: Neal Davis Presented to: Valve Manufacturers Association of America Chicago, IL August 10-11, 2000

U.S. Independent Oil and Gas Producers, 1993 - 1998: Survivors and Nonsurvivors

Released: May 1, 2000

Presented by: Jon Rasmussen May 2000

Changing Structure of Electric Power Industry 1999: Mergers and Other Corporate Combinations, The

Released: December 1, 1999

Presents data about corporate combinations involving investor-owned utilities in the United States, discusses corporate objectives for entering into such combinations, and assesses their cumulative effects on the structure of the electric power industry.

 
U.S. Petroleum Refining and Gasoline Marketing Industry, The

Released: July 15, 1999

Overviews petroleum refining and gasoline marketing for the years 1987 to 1997, focusing on 1997.

U.S. Petroleum and Natural Gas Industry, The

Released: July 15, 1999

Overviews crude oil and natural gas production for the years 1987 to 1997, focusing on 1997.

Statement Before the Energy and Natural Resources Committee, U.S. Senate

Released: June 24, 1999

Presented by: Jay E. Hakes, EIA Administrator Washington, DC June 24, 1999

Statement Before the Subcommittee on Energy and Power, House Committee on Commerce

Released: March 10, 1999

Presented by: Jay E. Hakes, EIA Administrator Washington, DC March 10, 1999

Electric Trade in the United States

Released: December 1, 1998

Final Issue Presents information on bulk power transactions by investor-owned utilities, Federal and other publicly-owned utilities, and cooperative utilities. (archived versions)

 
Why do Motor Gasoline Prices Vary Regionally? California Case Study

Released: July 15, 1998

Analysis of the difference between the retail gasoline prices in California and the average U.S. retail prices.

Changing Structure of the Electric Power Industry: Selected Issues, 1998

Released: July 1, 1998

Provides an analytical assessment of the changes taking place in the electric power industry, including market structure, consumer choice, and ratesetting and transition costs. Also presents Federal and State initiatives in promoting competition.

 
Financial Statistics of Major U.S. Investor-Owned Electric Utilities

Released: December 1, 1997

1996 - Final issue. Presents summary and detailed financial accounting data on the investor-owned electric utilities. (archived versions)

 
Impact of Environmental Compliance Costs on U.S. Refining Profitability

Released: October 1, 1997

Assesses the effects of pollution abatement requirements on the financial performance of U.S. petroleum refining and marketing operations. The analysis draws heavily on financial and operating data from the Energy Information Administration's Financial Reporting System (FRS).

 
Electricity Reform Abroad and U.S. Investment

Released: September 1, 1997

Reviews and analyzes the recent electricity reforms in Argentina, Australia, and the United Kingdom in an attempt to better understand how different models of privatization and reform have worked in practice. This report also analyzes the motivations of the U.S. companies who have invested in the electricity industries of Argentina, Australia, and the UK.

 
Electricity Prices in a Competitive Environment: Marginal Cost Pricing

Released: August 1, 1997

Presents the results of an analysis that focuses on two questions: (1) How are prices for competitive generation services likely to differ from regulated prices if competitive prices are based on marginal costs rather than regulated cost-of-service pricing? (2) What impacts will the competitive pricing of generation services (based on marginal costs) have on electricity consumption patterns, production costs, and the financial integrity of electricity suppliers?

 
Changing Structure of the Electric Power Industry: An Update, The

Released: December 1, 1996

Provides a comprehensive overview of the structure of the U.S. electric power industry over the past 10 years, with emphasis on the major changes that have occurred, their causes, and their effects.

 
Privatization and the Globalization of Energy Markets

Released: October 1, 1996

Discusses recent efforts at privatization in petroleum, electricity, and coal, as well as the impetus that privatization has provided in fostering the evolution of the multinational and multidimensional energy company.

 
Noncommercial Trading in the Energy Futures Market

Released: May 1, 1996

How do futures markets affect spot market prices? This is one of the most pervasive questions surrounding futures markets, and it has been analyzed in numerous ways for many commodities.

 
Oil Production Capacity Expansion Costs for the Persian Gulf

Released: January 1, 1996

Provides estimates of development and operating costs for various size fields in countries surrounding the Persian Gulf. In addition, a forecast of the required reserve development and associated costs to meet the expected demand through the year 2010 is presented.

 
Oil and Gas Development in the United States in the Early 1990's

Released: October 15, 1995

An analysis of the growing prominence of smaller energy companies in U.S. oil and natural gas production.

 
State Energy Severance Taxes, 1985-1993

Released: September 1, 1995

Analyzes changes in aggregate and State level energy severance taxes for 1985 through 1993. Data are presented for crude oil, natural gas, and coal

 
Performance Issues for a Changing Electric Power Industry

Released: January 1, 1995

Provides an overview of some of the factors affecting reliability within the electric bulk power system. Historical and projected data related to reliability issues are discussed on a national and regional basis. Current research on economic considerations associated with reliability levels is also reviewed.

 
End-Use Taxes: Current EIA Practices

Released: August 1, 1994

Addresses the Energy Information Administration's (EIA) current practices in treating taxes in the calculation of end use prices in the State Energy Price and Expenditure Report 1990 (SEPER), and other EIA data publications.

 
Financial Impacts of Nonutility Power Purchases on Investor-Owned Electric Utilities

Released: June 15, 1994

This report provides an overview of the issues surrounding the financial impacts of nonutility generation contracts (since the passage of the Public Utility Regulatory Policies Act of 1978) on investor-owned utilities. (archived versions)

Changing Structure of the Electric Power Industry: 1970-1991

Released: March 1, 1993

The purpose of this report is to provide a comprehensive overview of the ownership of the U.S. electric power industry over the past two decades, with emphasis on the major changes that have occurred, their causes, and their effects.

 
Public Utility Holding Company Act of 1935: 1935-1992

Released: January 1, 1993

This report provides an economic and legislative history and analysis of the Public Utilities Holding Company Act (PUHCA) of 1935. This Act was substantially amended for the first time in 1992 by passage of the Energy Policy Act (EPACT). The report also includes a discussion of the issues which led to the amendment of PUHCA and projections of the impact of these changes on the electric industry.

 
Federal Energy Subsidies Direct and Indirect Interventions in Energy Markets

Released: January 1, 1992

A one-time study defining direct and indirect Federal energy subsidies, methods of valuation of such subsidies, and a survey of existing subsidies.

 

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