World Oil Production as of March 2019
The data for the charts below were taken from the EIA’s Monthly Energy Review . It is crude plus condensate through March 2019 and is in thousand barrels per day. Continue Reading
Permian – update through March 2019
These interactive presentations contain the latest oil & gas production data from all 21,384 horizontal wells in the Permian (Texas & New Mexico) that started producing since 2008/2009, through March Continue Reading
U.S. Oil Rig Count Falls Amid Rising Production
The US oil and gas rig count fell by 4 this week, according to Baker Hughes, which reported before Independence Day this week. The total number of active oil rigs Continue Reading
U.S. Shale Industry Faces More Headwinds
Oil prices are set to post a loss for the week despite being bolstered by the OPEC+ deal and the forthcoming restart of trade talks between Washington and Beijing. It Continue Reading
A Fracking Experiment Fails to Pump as Predicted
Two years ago, Encana Corp. unveiled a supersize fracking operation that many said would represent the future of the U.S. drilling boom. To reduce costs and avoid production problems that Continue Reading
Shale Industry Has Destroyed 80% Of Its Value Since 2008
Recently, the former CEO of the largest shale gas producer in the United States told a roomful of conference goers what any competent financial analysis would have revealed many years Continue Reading
Peak Oil Demand Is Coming, Will Transform Exploration Sector
The global trend toward alternative energy sources and shifting stakeholder sentiments could mark the demise of the oil and gas exploration sector. It may also represent an opportunity to transform. Continue Reading
Crude and gasoline stockpiles down less than expected in week: EIA
NEW YORK (Reuters) – U.S. crude and gasoline stockpiles fell less than forecast last week, while distillate inventories rose unexpectedly, the Energy Information Administration said on Wednesday. FILE PHOTO: Crude Continue Reading
Crude and gasoline stockpiles down less than expected in week: EIA
U.S. crude and gasoline stockpiles fell less than forecast last week, while distillate inventories rose unexpectedly, the Energy Information Administration said on Wednesday. Crude pared gains after the report. U.S. Continue Reading
Weekly Petroleum Status Report
Summary of Weekly Petroleum Data for the week ending June 28, 2019 U.S. crude oil refinery inputs averaged 17.3 million barrels per day during the week ending June 28, 2019, Continue Reading