All Canadian tight oil produced in western Canada Since mid-2014, Canadian tight oil production decreased from a peak of about 425 thousand barrels per day (Mb/d) to about 345 Mb/d at the end of 2016, according to the National Energy Board. This overall decrease was due to declining global oil prices. The main reductions came from the Cardium […]
Canadian tight oil production has decreased since 2014 Read More »
Australia, U.S. vie for global natural gas, condensate consumers By Florence Tan and Seng Li Peng SINGAPORE (Reuters) – Australia is in pole position to capture a bigger piece of the growing Asian condensate market, with producers pumping new supplies of the ultra-light oil as natural gas output soars to feed the nation’s mega LNG
Australia in sweet spot to meet Asia demand for ultra-light oil, LNG, condensate Read More »
Texas Nov. 2015 crude oil production up: 2,365,640 b/d compared to 2,255,356 b/d of Nov. 2014 Oil prices may be down, but Texas production is up for Nov. 2015 compared to the year before, according to new statistics from the Railroad Commission of Texas. Production for Nov. 2015 is 70,969,209 barrels of crude oil and 596,523,139 Mcf (thousand cubic
Texas oil and gas production statistics for Nov. 2015 – Railroad Commission Read More »
