Has Gulf Of Mexico Production Peaked?
Production for May by BOEM was 1673 kbpd and by EIA 1661, compared with 1661 and 1658 kbpd, respectively in April. March looks like the peak, at least near term, Continue Reading
Poll: Shale drilling a new concept to the British public
British polling data show only a handful of respondents claim to know much about hydraulic fracturing. Photo courtesy of Cuadrilla Resources Aug. 3 (UPI) — With shale drilling about ready Continue Reading
U.S. Shale Heavyweights To Boost Production This Year
In a sign that the U.S. shale patch is boosting output that has been keeping a lid on oil prices, four U.S. shale companies reported second-quarter production that beat targets Continue Reading
The Reported Death of Peak Oil Has Been Greatly Exaggerated
Production for May by BOEM was 1673 kbpd and by EIA 1661, compared with 1661 and 1658 kbpd, respectively in April. March looks like the peak, at least near term, Continue Reading
Despite Cuts in CAPEX & Revenue, Silver Linings Exist for US Oil, Gas
A new EY study reveals opportunities still exist for US oil and gas, despite a year of declines. “2016 results are not good, but they are less bad than they Continue Reading
Summary of Weekly Petroleum Data for the Week Ending July 28, 2017
U.S. crude oil refinery inputs averaged 17.4 million barrels per day during the week ending July 28, 2017, 123,000 barrels per day more than the previous week’s average. Refineries operated Continue Reading
Drilling Consultant Believes Reported Layoff Numbers Too Low
The devastation in the form of industry job loss due to the downturn may be higher than reported, says a pair of industry professionals. The last time Rigzone reported global Continue Reading
OPEC Oil Output Jumps To 2017 High On Further Libya Recovery
OPEC oil output has risen this month by 90,000 barrels per day to a 2017 high, a Reuters survey finds. LONDON, July 31 (Reuters) – OPEC oil output has risen Continue Reading
U.S. crude production in May hit 16-month high on Texas increase
U.S. crude output rose to the highest level in more than a year, boosted by gains in Texas and the offshore Gulf of Mexico, the Energy Information Administration said in Continue Reading
Shale Drillers Aren’t As Safe As You May Think
It’s been the main headwind for OPEC’s oil output cut deal. Rising shale oil production in the U.S. has been making headlines for almost a year now. While initially the Continue Reading