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]
US shale production is set to rise by 131,000 barrels per day next month to a record high of 6.95 million b/d, according to the US Energy Information Administration. Anadarko photo. US shale output gains [Read more]
Encana RAB Davidson is spread over 16 acres and is made up of over 1 million pounds of drilling rigs, bulldozers, tanker trucks and other oilfield equipment. Encana photo. “Cube development” by Encana taps multiple [Read more]
$6 billion Bass acquisition in 2017 added estimated 3.4 billion BOE for ExxonMobil ExxonMobil announced that it plans to triple total daily production to more than 600,000 oil-equivalent barrels by 2025 from its operations in the [Read more]
@2020 Energi Media Ltd., | Covering Energy’s Tommorrow
