BLM releases statistics on oil and gas activity on Federal, Indian lands The Bureau of Land Management says production from federal and Indian lands rose last year and has more than doubled since 2008, according to fiscal year 2015 statistics for oil and gas permitting, leasing and drilling activity on lands where BLM permits are required. […]
BLM sees production and drilling growth on Federal, Indian land Read More »
Drop of 114,000 b/d to 4.84 million b/d will be record oil production decline The 21-month long oil price decline is having a bigger than expected effect on American shale oil production, according to the US Energy Information Administration. Output is dropping for the seventh month in a row, 114,000 barrels per day to 4.84 million b/d,
American shale oil output forecast to fall by record amount in May – EIA Read More »
Second ethane terminal expected to open at Morgan’s Point, Texas in Q3 2016 Ethane production is expected to increase from 1.1 million b/d in 2015 to 1.4 million b/d in 2017, accounting for two-thirds of total U.S. hydrocarbon gas liquid (HGL) production growth, according to the US Energy Information Administration. Ethane, a key feedstock for petrochemical manufacturing, is
Ethane production to increase as petrochemical consumption and exports expand Read More »
Net propane exports to increase to 640,000 b/d in 2016 and to 740,000 b/d in 2017 as exports ramp up at two Gulf Coast terminal projects U.S. production of hydrocarbon gas liquids (HGL)—a group of products including ethane, propane, butanes, and natural gasoline—is expected to increase from 3.86 million barrels per day in 2015 to
US production of hydrocarbon gas liquids expected to increase through 2017 Read More »
Lull in new field approvals, incremental development approvals could lead to significant UK production declines starting in 2018 According to the US Department of Energy, after many years of decline, production of petroleum and other liquids in the United Kingdom increased by about 100,000 barrels per day (b/d) in 2015. The largest contribution to this increase
UK oil production up by 100,000 b/d in 2015 after years of decline Read More »
Oil production from wells drilled has so far been able to keep U.S. crude oil production from falling significantly below its level in late 2014 According to the EIA, U.S. crude oil production from the Lower 48 states from new wells (drilled since the start of 2014) made up 48 per cent of total U.S. crude oil production
Traditional storage slow to fill/deplete, natural gas owners prefer to not withdraw too early in season because it cannot be quickly refilled High levels of natural gas production and relatively low natural gas prices are affecting markets for seasonal natural gas storage, including the value of additional storage capacity, according to the US Energy Information Administration.
High production, low prices mean little change in natural gas storage capacity Read More »
This new oil production has primarily come from shale and other tight rocks in the Eagle Ford formation and Permian Basin of Texas, and the Bakken and Three Forks formation of Montana and North Dakota Even though hydraulic fracturing has been in use for more than six decades, it has only recently been used to
Hydraulic fracturing accounts for about half of current U.S. crude oil production Read More »
Clayton William’s 2015 oil, gas and NGL production per BOE decreased 16% in 4Q15, revenue down, but costs $87.6 million v.s $105.3 million in 2014 MIDLAND, Texas – Low oil prices took their toll on Clayton Williams Energy as the company posted a lost of $98 million for 2015. Fiscal 2015 Results Oil and Gas Production
Permian Basin News: Clayton Williams Energy reports $98 million loss for 2015 Read More »
EIA forecasts US oil production will continue to decline both on a month-to-month basis and from year-ago levels until Q4 2017 U.S. monthly crude oil production in Dec. 2015 continued to decline, as oil production reached its lowest level since Nov. 2014, according to the US Energy Information Administration. Production also declined from year-ago levels for the first time
US monthly oil production declines again, now below its year-ago level Read More »
