The Permian basin in Texas is leading the way as U.S. oil production has reached an all-time high, but the prolific output is causing bottlenecks as pipelines transporting the crude Continue Reading
We recently attended Fatih Birol’s presentation in advance of the International Energy Agency’s (IEA) first publication of the Global Energy and CO₂ Status Report. Their flagship publication, World Energy Outlook, Continue Reading
Lower costs and improved market conditions led to more oil and gas investments, though spending last year was below the historic average, analysis found. Energy consultant group Wood Mackenzie found Continue Reading
New oil and gas projects to be sanctioned this year will likely have a 15-percent lower breakeven level than last year’s, at US$44 per barrel of oil equivalent, Wood Mackenzie Continue Reading
The Permian Basin in Texas is leading the way as U.S. oil production has reached an all-time high, but the prolific output is causing bottlenecks as pipelines transporting the crude Continue Reading
When everyone in oil seems like they are ready to pay anything for a piece of land in the Permian Basin, a report that one oil company is actually selling Continue Reading
Summary Anticipated US liquids production growth accounts for almost all projected non-OPEC growth in 2018 and 2019. Roughly 70% of US production growth will come from the Permian Basin. This Continue Reading
After intense lobbying, Oklahoma’s oilmen scored a victory two years ago. State lawmakers voted to keep in place some of the lowest taxes on oil and gas production in the Continue Reading
The Trump administration heralded the government’s sale last month of U.S. drilling leases in the Gulf of Mexico as a bellwether. If that is the case, a Reuters analysis of Continue Reading
Annual average U.S. crude oil production reached 9.3 million barrels per day (b/d) in 2017, an increase of 464,000 b/d from 2016 levels after declining by 551,000 b/d in 2016. Continue Reading
