The American Petroleum Institute (API) estimated the inventory draw this week for crude oil to be 1.645 barrels after analysts predicted a build of 1.833 million barrels. U.S. crude inventories Continue Reading
Permian output was 460,000 boe/d in 2022 Capex for 2022 will be $21 billion-$24 billion 2022 production should be up about 2%: CEO ExxonMobil sees its US Permian Basin production Continue Reading
The world’s largest oil companies are ramping up drilling operations despite recent net-zero pledges WoodMac VP for exploration: The majors are still exploring and say much less about it than Continue Reading
Highlights Could prove bullish in short term for AECO N.D. producers continue to lower flared volumes North Dakota gas production appears poised to grow with the approval of WBI’s North Continue Reading
A guest post by Ovi. All of the oil (C + C) production data for the US state charts comes from the EIAʼ’s Petroleum Supply monthly PSM . U.S. November Continue Reading
Surge in lateral well length is driving average well productivity to new heights in the Permian. New wells are expected to break the 1,000 boepd thresholds in 2022. The total Continue Reading
McKinsey: Net-Zero transition will cost $9.2 trillion in annual investment till 2050 This annual average includes investment in the energy, mobility, industry, buildings, agriculture, and forestry and other land-use sectors Continue Reading
U.S. energy firms added oil and natural gas rigs for a record 18th month in a row after boosting the rig count again this week as oil prices soared to Continue Reading
A U.S. judge’s surprise decision this week to annul the Biden administration’s first Gulf of Mexico oil lease auction because of its climate change impact has raised questions about the Continue Reading
Chevron CEO Sees $100 Oil on Geopolitical Risks, Demand Chevron Corp. plans to increase Permian Basin production by about 10% this year from 2021 levels, among the biggest growth forecasts Continue Reading
