Tag: production

Pemex predicts lowest production in more than two decades

The forecast was lowered to 2.41 million barrels of oil a day from a prior projection of 2.5 million, said Gustavo Hernandez, Pemex’s head of exploration and production.  More »

Texas’ oil and gas industry expands to near-record levels

The Texas oil and gas industry is approaching records set in the 1970s, according to the latest Texas Petro Index.  More »

Technology lets producers move jobs from platforms to land

Shell and other offshore players to move a growing number of jobs historically performed at sea onto land.  More »

Texas oil production set to top No. 2 OPEC country

Texas now is pumping 36 percent of the nation’s oil, more than doubling its production in three years, according to new federal data.  More »

Oil price steady as investors eye Iraq conflict

Benchmark U.S. crude for August delivery dropped 14 cents to $106.03 per barrel.  More »

North Dakota oil production surpasses 1 million barrels per day

North Dakota’s oil production surpassed 1 million barrels per day in April for the first time in history, according to preliminary state data released Tuesday.  More »

Feds: Eagle Ford will lead shale production growth in July

The U.S. Energy Information Administration expects that the Eagle Ford Shale will produce 1.4 million barrels of crude oil and other liquids daily in July.  More »

Energy supply requires $40 trillion investment to 2035, IEA Says

More than half of that amount will be needed to compensate for declining output at mature oil and gas fields, and the remainder on finding new supplies to meet rising demand, the Paris-based agency said in a report Monday  More »

US net gas imports drop as production hits record volume

U.S. net imports of natural gas fell 14 percent in 2013, according to a new federal report, as preliminary data showed domestic production of dry gas hit a record high.  More »

IEA sees higher demand for OPEC crude this year

The Organization of Petroleum Exporting Countries will need to provide an average of 30.7 million barrels a day in the second half, or 800,000 a day more than it pumped last month, the IEA said today.  More »

Pemex reports sixth straight quarterly loss as output falls

Petroleos Mexicanos posted a sixth consecutive quarterly loss as production at the country’s state oil monopoly fell to an almost 19-year low.  More »

North Dakota tribes’ oil output rivals US states

Oil production on the Fort Berthold Indian Reservation in North Dakota has become so large that it would rank among the top 10 oil producing states in the nation, a tribal leader said Tuesday.  More »
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