By 2040, even OPEC, which has long underestimated North American shale, has U.S. crude output going above 17 million b/d. — Read on http://www.rigzone.com/news/north_america_to_lead_new_nonopec_oil_supply-04-feb-2020-160976-article/ Advertisements
U.S. Federal Gulf of Mexico crude oil production to continue to set records through 2020 – Today in Energy – U.S. Energy Information Administration (EIA) — Read on http://www.eia.gov/todayinenergy/detail.phpRead more "U.S. Federal Gulf of Mexico crude oil production to continue to set records through 2020 – Today in Energy – U.S. Energy Information Administration (EIA)"
Snow depths on Alaska’s North Slope have thinned this year, the University of Alaska Fairbanks said in a study, creating a possible obstacle for exploration in part of the Arctic National Wildlife Refuge thought to harbor more than 7 billion barrels of oil. — Read on http://www.bloomberg.com/news/articles/2019-09-07/alaska-snow-cover-thinning-may-pose-hurdle-for-refuge-drillingRead more "Alaska Snow Cover Is Thinning and May Cause Problems for Drilling – Bloomberg"
President Trump touted his environmental successes in a speech from the White House on Monday that focused heavily on his steering of the economy and help for the nation’s energy sector, and that didn’t include the phrase “climate change” once. Flanked by Cabinet heads from the Department of Energy, Environmental Protection Agency (EPA) and Interior Department, […]Read more "Trump touts environmental policies, but says nothing of climate change | TheHill"
U.S. natural gas and crude oil production increased last year at the fastest pace ever for a single country. — Read on http://www.bloomberg.com/news/articles/2019-06-11/u-s-oil-gas-output-surges-the-most-ever-for-a-single-countryRead more "U.S. Oil, Gas Output Surges the Most Ever for a Single Country – Bloomberg"
•U.S. refiners may not have much room to take more lighter oil Exports of the Permian Basin’s newest kind of oil are set to jump as production surges, exceeding the appetite of U.S. refiners. Sales of the new grade, known as West Texas Light, began in September, as explorers sought to separate out increasingly lighter […]Read more "Latest Permian Basin Oil Supply Surge to Feed Global Markets – Bloomberg"
Here’s why Chevron agreed to acquire Anadarko in a deal valued at $50 billion. — Read on http://www.forbes.com/sites/rrapier/2019/04/14/why-chevron-bought-anadarko/Read more "Why Chevron Bought Anadarko"
The Permian Basin Is Now the Highest Producing Oilfield in the World — Read on http://www.energyindepth.org/the-permian-basin-is-now-the-highest-producing-oilfield-in-the-world/Read more "The Permian Basin Is Now the Highest Producing Oilfield in the World"
Oil futures saw choppy trade Wednesday after data showed a larger-than-expected jump in U.S. crude inventories. The Energy Information Administration said crude inventories rose 7.2 million barrels to 449.5 million barrels in the week ended March 29, leaving them at the five-year average. Analysts surveyed by S&P Global Platts had produced a consensus forecast for […]Read more "Oil drifts lower in choppy trade after unexpected jump in U.S. crude inventories – MarketWatch"
Innovation, investment and inviting geology have given new life to an oil patch that once seemed spent. The oil field is now the world’s second most productive. MIDLAND, Tex. — In a global collapse of oil prices five years ago, scores of American oil companies went bankrupt. But one field withstood the onslaught, and even […]Read more "How a ‘Monster’ Texas Oil Field Made the U.S. a Star in the World Market – The New York Times"