Earlier in the year, before initial declines in service costs, Anadarko had estimated it would take $3 billion in capital expenditures to keep production levels flat. Now, Walker said, it would take about $2.7 billion, and there is still room for improvement.
Texas crude oil production has reached its highest level since the U.S. Energy Information Administration started tracking it in the early 1980s. In July, Texas produced around 2.602 million barrels daily. By October, that daily crude production was 2.752 million barrels. The last time crude production was anywhere close to that level was in January […]
Two men from a University of Houston engineering program are not content to ride the wave of the school’s new subsea program — they are working hard to put it on the map as a dynamic new offering to the energy industry.
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