The American Petroleum Institute (API) has estimated a large crude oil inventory build of 4.13 million barrels for the week ending October 3—compared to analyst expectations of a 1.413-million-barrel build. Continue Reading
New Mexico may be starting to surpass West Texas as the main focus of shale drilling, with rigs decamping from familiar areas in the Permian to other less drilled locales. Continue Reading
Wood Mackenzie has revealed that it is bullish on ExxonMobil’s Permian growth campaign. Wood Mackenzie has revealed that it is bullish on ExxonMobil’s Permian growth campaign. “Exxon is clearly on Continue Reading
OPEC saw its crude oil production plummet by the most in 17 years in September as the attacks on critical oil infrastructure in its largest producer Saudi Arabia took 5.7 Continue Reading
Below are a number of Non-OPEC charts created from data provided by the EIA International Energy Statistics . Since the EIA site is still in the Beta stage, the data Continue Reading
The Department of the Interior’s Land and Mineral Management and Bureau of Ocean Energy Management are proposing a regionwide lease sale in March 2020 for 78 million acres in the Continue Reading
Wood Mackenzie has revealed that it is bullish on ExxonMobil’s Permian growth campaign. Wood Mackenzie has revealed that it is bullish on ExxonMobil’s Permian growth campaign. “Exxon is clearly on Continue Reading
The growth in U.S. shale production is grinding to a halt as low prices put drillers in a financial vice. The slowdown has been unfolding for much of 2019, but Continue Reading
Abstract. We use calculus methods to estimate the quantity of U.S. oil reserves. We consider a model that consists of an exponential function with four unknown constants. We fit real Continue Reading
This year, the oil market has faced some of the worst supply disruptions in recent times and yet prices remain stuck in the $60s. OPEC ’s oil production tumbled the Continue Reading
