American oil production in May actually inched down from April by 0.3 percent, according to EIA’s Monthly Crude Oil and Natural Gas Production report . U.S. crude oil production for Continue Reading
The USA through May 2018. The upward surge has stalled for the last two months. U.S. production was down 30,000 bpd in May. It is a little astonishing how close Continue Reading
A series of second quarter earnings reports over the past two weeks has revealed surging profits across the oil industry, with some companies posting earnings that are double or triple Continue Reading
U.S. crude production fell 30,000 barrels per day (bpd) to 10.44 million bpd in May, as production declines in the Gulf of Mexico overshadowed gains in output from major shale Continue Reading
U.S. Silica Holdings Inc’s, which makes sand used in hydraulic fracturing, forecast an upbeat second half of the year on strong demand for locally sourced sand, helping its shares recover Continue Reading
BP plc’s $10.5 billion move to acquire most of BHP Billiton’s shale acreage in North America ‘signals a bold return by the UK oil giant to the lower 48 states,’ Continue Reading
Natural gas flaring from oil well [licensed under Creative Commons from Flickr user Sirdle] Most people buy electric cars to reduce oil consumption, but oil companies keep selling more oil Continue Reading
A new report by Wood Mackenzie examines the risks facing operators and investors from inaccurately estimating well decline rates in the Permian. While parallels can be drawn between the current Continue Reading
The expanded western leg of MMP’s Texas refined products pipeline system will boast a 175,000-bpd rather than 150,000-bpd capacity. First it was 50 percent. Now it’s 75 percent. That’s how Continue Reading
Higher oil prices this year boosted U.S. oil production, and the U.S. oil industry played a large part in America’s impressive second quarter economic growth—the fastest growth since the third Continue Reading
