This article was published by the US Energy Information Administration on Dec. 6, 2023. By Troy Cook, Max Ober Production of associated-dissolved natural gas, or associated natural gas, which is natural gas produced from predominantly oil [Read more]
This article was published by the US Energy Information Administration on Nov. 6, 2023. By Naser Ameen, Laia Munoz Cortijo In 2022, annual production of associated-dissolved natural gas (or associated natural gas) increased 9 per cent [Read more]
This article was published by Grist on Nov. 5, 2023. By Martha Pskowski, Inside Climate News & Peter Aldhous This story was originally published by Inside Climate News and is reproduced by Grist as part of the Climate [Read more]
By Jozef Lieskovsky, Richard Yan This article was published by the US Energy Information Administration on Jan. 24, 2020. US oil production from tight formations increased in 2019, accounting for 64 per cent of total U.S. [Read more]
By Emily Geary This article was published by the US Energy Information Administration on July 8, 2019. US crude oil production and lease condensate reached another milestone in April 2019, totalling 12.2 million barrels per [Read more]
An extension to the Sunrise Pipeline adding 120,000 b/d of capacity and the repurposing of the Seminole Red Pipeline from natural gas to oil has helped boost Permian oil prices in recent months. Apache photo. [Read more]
Methanol plants are among the most natural gas-intensive industrial end users and require natural gas both as a feedstock and for process heat. Honeywell UOP photo. Most methanol plants are located on US Gulf Coast, [Read more]
Rising productivity in the Wolfcamp, like in other plays in the Permian Basin, has been driven mostly by drilling longer horizontal laterals and optimizing completions. Wolfcamp play the deepest and thickest stacked shale formations in [Read more]
As US crude exports increase, the race is on to build Gulf Coast terminals, however, some analysts say if all the proposed projects are built, there may not be enough crude for them. Port of [Read more]
As domestic production continues to increase, the average density of crude oil produced in the United States continues to become lighter. Anadarko photo. Lighter crude oil production rose to over 4.6 million b/d in 2017 [Read more]
A report from the US Energy Information Administration shows that as Permian Basin production increases, US Gulf Coast refineries are processing the lighter crude. Total photo. More Texas oil used at Gulf Coast refineries By Corrina [Read more]
Pipeline shortages, unprofitable, high breakevens for many shale producers, trouble accessing capital, high debt levels – does this sound like a model Canada should encourage? The Alberta oil and gas industry’s United States fetish is [Read more]
Shares in Halliburton dropped over 8 per cent on Monday after the oil and gas drilling company said it anticipates moderate growth in the Permian Basin and lower earnings in the upcoming quarter. Halliburton shares [Read more]
If natural gas production continues to grow, and natural gas prices continue to fall, some producers in the Permian Basin may cease oil production to avoid producing associated natural gas. San Antonio Express News photo by [Read more]
Three major players in the oil industry, Kinder Morgan Texas, EagleClaw Midstream Ventures and Apache Corporation have signed a letter of intent for the development of the $2 billion Permian Highway Pipeline project. Apache photo. [Read more]
A number of major US shale companies sold their crude through futures contracts at about $55/barrel, and are now missing out on the $70/barrel crude prices. Apache photo. Wall Street investors disappointed in US shale [Read more]
High production case shows oil sands production exceeding 7 million (MM) b/d by 2038, over 5MM in reference case (currently 2.8MM b/d) One of the most persistent myths perpetrated by the anti-oil sands brigade is [Read more]
The West Texas oil industry is booming thanks to new technology that has helped bring breakeven costs down to as little as $25/barrel. CNBC photo by Morgan Brennan. Unemployment rates sink as West Texas oil [Read more]
Crude oil production in Permian Basin providing a much-needed uplift for midstream companies East Daley Capital Advisors, Inc., an energy information and insights provider, reports that the overall outlook is positive for most major U.S. oil [Read more]
Between Q2 2016 and Q1 2017, over US$40 billion was spent on Permian upstream M&A Concho Resources Inc. announced it will acquire RSP Permian Inc. in a US$9.5 billion all-stock deal. The transaction is the [Read more]
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