U.S. crude oil output seen rising to record high in 2019: EIA
U.S. crude oil production will rise to an all-time high of 12.36 million barrels per day in 2019 from a record high of 10.96 million bpd last year, the Energy Continue Reading
STEO Highlights: EIA sees oil demand growing slower than previously expected
The US Energy Information Administration said Tuesday that it expects global oil consumption to average 101 million b/d in 2019, up 1.1 million b/d from 2018, an indicator that demand Continue Reading
Short-Term Energy Outlook
Brent crude oil spot prices averaged $64 per barrel (b) in June, $7/b lower than in May 2019 and $10/b lower than the price in June of last year. The Continue Reading
Oil majors evacuate U.S. Gulf platform staff before storm
Major U.S. oil producers on Tuesday began evacuating and shutting in production at their deepwater Gulf of Mexico platforms in advance of a tropical disturbance expected to become a storm Continue Reading
Eagle Ford – update through March 2019
This interactive presentation contains the latest oil & gas production data from all 22,637 horizontal wells in the Eagle Ford region, that have started producing from 2008 onward, through March Continue Reading
Permian Poised for Next Pipeline Wave
Wood Mackenzie projects up to 500,000 bpd of new crude oil takeaway capacity from the Permian Basin to the U.S. Gulf Coast. Thanks to growing production from the Permian Basin, Continue Reading
U.S. oil output gains to outpace global demand growth until 2020: Goldman
Goldman Sachs said growth in U.S. shale production is likely to outpace that of global demand at least through 2020 and limit gains in oil prices despite output curbs led Continue Reading
The Biggest Oil & Gas Winners In Q2 2019
The first half of the year is in the books. Following its best quarterly performance in nearly ten years in the first quarter, the S&P 500 returned 3.8 percent in Continue Reading
Is US Shale Cannibalizing Itself?
U.S. oil production continues to grow, but the shale industry is in the midst of deceleration as low oil prices and a financial squeeze slow the pace of drilling. The Continue Reading
Report: Texas, Permian lead the way in energy security
As the nation celebrated its independence, a new report from Texans For Natural Gas details how the Lone Star State and the Permian Basin have led to a national independence Continue Reading