Texas preliminary Sept. crude oil production averaged 2,380,134 b/d Production for Sept. 2016 as reported to the Railroad Commission of Texas is 71,404,018 barrels of crude oil and 561,242,466 mcf of total gas from oil and gas wells, according to a press release. These preliminary figures are based on production volumes reported by operators and will […]
Texas oil and gas production statistics for Sept 2016 Read More »
Encana increased growth guidance to focus on high-return wells, with bulk of capex landing in Permian Basin With oil prices holding steady at around US$45/bbl for several months, many operators feel the worst is over and are consequently raising 2016 production guidance and capex spend, according to Wood Mackenzie. In general, operators are doing more with
US independents raising 2017 capex, especially in Permian Basin Read More »
Two years of lower global E&P capex should set stage for further production declines, stabilizing pricing The rating outlook for North American energy remains negative, reflecting lingering challenges in the exploration and production (E&P) and oil field services/drillers subsectors, according to Fitch Ratings. The E&P market remains split. In the investment-grade (IG) E&P space, a key
North American energy sector healing in 2017, challenges ahead – Fitch Read More »
Tables have turned as US fracking actually began sending liquefied shale gas to Kuwait and United Arab Emirates By Katie Brown, PhD, EnergyInDepth Thanksgiving is on the horizon, and there’s much to be thankful for, including the fact that fracking has rapidly increased energy security, changing our landscape from one of scarcity (and being overly dependent
In Thanksgiving for increased energy security from fracking Read More »
Libya’s National Oil Corporation’s target of 900,000 b/d by end of year depend on ending blockade of western pipeline Wood Mackenzie’s latest study on Libya’s oil production shows the country’s output has doubled from 300,000 barrels a day in early Sept. to close to 600,000 barrels a day today, adding to the global oil supply glut.
Libya’s oil production shows signs of continued gains – Wood Mackenzie Read More »
May the most skillful fantasy minister win! By John Kemp, Reuters energy analyst FANTASY OPEC ™ is a game of skill and diplomacy for 14 players, though it can be expanded to as many as 20 players if required with the addition of non-OPEC countries. The game begins with each player rolling five ordinary dice
FANTASY OPEC: the oil ministers’ game of skill and diplomacy for all the family Read More »
Independent oil and gas producers condemn taking 80% of federal offshore lands out of drilling plan The Obama Administration’s finalized five-year offshore oil and natural gas leasing program, which sets the lease sale schedule for 2017-2022, is drawing heavy fire from energy industry associations. In Sept., the Independent Petroleum Association of America joined the Alaska
Offshore five-year plan removes new American energy opportunities Read More »
No country wants to make OPEC concessions on output until a collective agreement on production allocations By John Kemp LONDON, Nov 11 (Reuters) – OPEC members are making the task of oil market rebalancing harder by maximising their production ahead of a ministerial conference at the end of Nov.. OPEC output is actually increasing, putting
OPEC plays the chicken game while oil prices fall: Kemp – Reuters News Read More »
While blessed with abundant natural resources, the US is also blessed with drive for innovation by Matt Mandel, EnergyInDepth It’s no secret that U.S. oil production has trended skyward over the past decade; in fact we are now the number one producer of oil (and natural gas) in the world, thanks to hydraulic fracturing. But last year,
Texas leads US oil production to 43 year high Read More »
2015 employment at US coal mines in decreased by 12% to 65,971 employees US coal production dropped by more than 10 per cent in 2015 to 897 million short tons (MMst), the lowest production level since 1986, according to the US Energy Information Administration. Production in all three major coal-producing regions (the Appalachian, the Interior, and
In 2015, US coal production, consumption, and employment fell over 10% Read More »
