A ‘volcano’ at the bottom of the gulf
Timmy Couvillion first saw the oil plume at the bottom of the Gulf of Mexico more than two months ago, but the memory still makes his skin crawl. His small Continue Reading
The Dark Outlook For Non-OPEC Oil
The period from 2010 to 2014 witnessed the highest sustained oil price environment in recent memory, with Brent averaging $110 a barrel and WTI $95 a barrel. This high oil Continue Reading
U.S. Accounts For 98% Of All Global Oil Production Growth
Earlier this month BP released its Statistical Review of World Energy 2019 . The Review provides a comprehensive picture of supply and demand for major energy sources on a country-level Continue Reading
Shale Boom Changes U.S. Position In Persian Gulf Conflict
The recent spike in tensions between the U.S. and Iran has pushed oil prices higher mostly because of the possibility—however slim—that Iran may decide to go through with its threat Continue Reading
U.S. shale’s growth rate peaked last year, slower gains ahead
The U.S. shale industry’s sizzling growth rate likely peaked last year, according to a survey of major forecasters, cooled by investors demanding financial returns over increased oil output. Photo Around Continue Reading
US E&P Workers Getting Paid More in 2019
Engineering technicians/analysts, reservoir engineers and workers in geoscience disciplines are enjoying higher salaries in 2019, according to a report from CSI Recruiting. Crude production in the U.S. has continued to Continue Reading
U.S. oil output in April exceeds 12 million bpd to record monthly high: EIA
U.S. crude oil output in April rose to a fresh monthly record, surpassing 12 million barrels per day, according to a government report on Friday. The United States produced 12.16 Continue Reading
Petroleum Supply Monthly
Supply and disposition of crude oil and petroleum products on a national and regional level. The data series describe production, imports and exports, movements and inventories. PDF and CSV files Continue Reading
Shale Patch Struggles 5 Years After Crude Collapse
It’s been five years since crude started a precipitous drop that eventually saw it hit a low of $26 a barrel and shale producers are still feeling the pain. (Bloomberg) Continue Reading
Disposal Firm Adds Permian Injection Capacity
Milestone Environmental Services reported that it has acquired leases and injection permits in Howard County, Texas. Milestone Environmental Services reported Wednesday that it has acquired three leases and four injection Continue Reading