ExxonMobil expects to increase hydrocarbons production by more than 1 million b/d of oil equivalent by 2025, from 3.985 million boe/d in 2017, as output from the Permian Basin grows Continue Reading
) The Texas Railroad Commission (RRC) had the oil and gas production reported online in early 2005, and became fully online for producers and the public on Feb 14, 2005. Continue Reading
Whenever you see a headline like this, you know it will go along the lines of “did you know that petroleum stands for rock oil?” Yes you did, goes the Continue Reading
The Permian has been attracting independent U.S. drillers and oil majors who want to capitalize on short-cycle returns in the world’s hottest shale play, but one of the world’s supermajors Continue Reading
Summary of Weekly Petroleum Data for the Week Ending March 2, 2018 U.S. crude oil refinery inputs averaged over 15.9 million barrels per day during the week ending March 2, Continue Reading
CERAWeek . “Over time, this net carbon footprint ambition will transform our company’s product mix,” van Beurden said. The company’s targets aim to lower emissions from its own operations and Continue Reading
The global oil and gas industry needs to invest more than $20 trillion over the next 25 years to meet expected growth in demand and compensate for the natural decline Continue Reading
U.S. oil production will not keep growing as fast as the market seems to think, as most of the best drilling locations in North Dakota and south Texas already have Continue Reading
The U.S. government said on Tuesday it expects domestic crude production in 2018 to rise over 120,000 barrels per day (bpd) more than previously expected as shale output surges. Shale Continue Reading
In a recent post , I wrote that the U.S. would almost certainly set a new oil production record this year. I noted that the most recent data from the Continue Reading
