Category: Production

U.S. Production > OPEC Influence

The U.S. energy revolution has dramatically impacted the extent to which the OPEC oil cartel can influence the global oil marketplace, fundamentally shifting the geopolitics of energy. Truly, from a U.S. perspective, this is one of the greatest stories of the 21st century. Massive amounts of domestic oil and natural gas production, coupled with increasing […]  More »

As crude oil prices fall, concerns about sector slowdown rise

A slew of factors – including decreased demand projections and tough words from a Middle East official – contributed to a $2.88 drop in U.S. benchmark oil prices to $60.94 per barrel.  More »

WTI to average $63 a barrel next year, feds predict

The price for U.S. benchmark oil is $15 lower than in last month’s report.  More »

EIA: US production to increase 115K barrels in January

Next month’s total will be nearly 2,000 bpd more than December’s rise.  More »

Eagle Ford produces billionth barrel

More than 70 percent of that production has occurred in the last two years.  More »

AAA: Expect gas prices to fall at least 15 cents over holidays

Gas prices are dropping to levels not seen in almost five years.  More »

Nature article questions natural gas optimism

The report highlights conflicting estimates about the long-term viability of increasing natural gas production, and warns that acting on the assumption natural gas will always be cheap may not be ideal.  More »

Oil futures rebound from five-year low after OPEC slump

Oil has collapsed into a bear market as the U.S. pumps crude at the fastest rate in three decades while global demand growth slows.  More »

Oil companies produce more for less as crude prices fall

Because of improved drilling and completion efficiencies that lower production costs, some oil companies will produce more next year even as they cut spending amid falling crude prices.  More »

Exxon Mobil drops to No. 4 in world rankings of largest oil firms

While Exxon Mobil fell, Russian and Chinese companies gained in the rankings.  More »

Commentary: The shakeout in US shale

My favorite quote by H.L. Mencken is ‘a cynic is a man who, when he smells flowers, looks around for a coffin‘. A bit morose, I know, but this appeals to the contrarian in me. My second favorite is überly-applicable to US shale oil break-evens: ‘For every complex problem there is an answer that is […]  More »

Goldman says OPEC in dilemma as output cut seen helping U.S.

While the slide in prices into a bear market increases the chances of a reduction, trimming output by more than 500,000 barrels a day would mean further cuts are needed starting 2016 as higher prices prompt more U.S. drilling.  More »

Shale drillers keep output high despite oil price decline

Companies said they expect to pump more from their prime properties while cutting back in their least productive prospects.  More »

Hess, Chevron see first oil flow at Tubular Bells

Hess Corp.’s quest to harvest crude from its Tubular Bells field in deep Gulf of Mexico waters has culminated in oil now flowing at a massive production facility 45 miles from shore.  More »

New Mexico county passes strict drilling rules as state judge considers wider ban

The new ordinance supersedes a moratorium on oil and gas development that had been in place since 2010.  More »
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