EIA raises forecast for 2019, 2020 U.S. crude output growth – Reuters

NEW YORK (Reuters) – U.S. crude oil production is expected to rise by 1.49 million barrels per day (bpd) in 2019 to average 12.45 million bpd, the U.S. Energy Information Administration (EIA) said on Tuesday, up from its previous forecast for a rise of 1.43 million bpd.  The EIA forecast output in 2020 will rise […]

Advertisements
Read more "EIA raises forecast for 2019, 2020 U.S. crude output growth – Reuters"

The number of drilled but uncompleted wells in the United States continues to climb – Today in Energy – U.S. Energy Information Administration (EIA)

The number of drilled but uncompleted wells in seven key oil and natural gas production regions in the United States has increased over the last two years, reaching a high of 8,504 wells in February 2019, according to well counts in EIA’s Drilling Productivity Report (DPR). The most recent count, at 8,500 wells in March […]

Read more "The number of drilled but uncompleted wells in the United States continues to climb – Today in Energy – U.S. Energy Information Administration (EIA)"

Oil export terminal next to proposed Mid-Barataria Sediment Diversion gets state’s initial OK – nola.com

Oil export terminal next to proposed Mid-Barataria Sediment Diversion gets state’s initial OK – nola.com — Read on www.nola.com/environment/2019/04/oil-export-terminal-next-to-proposed-mid-barataria-sediment-diversion-gets-states-initial-ok.html

Read more "Oil export terminal next to proposed Mid-Barataria Sediment Diversion gets state’s initial OK – nola.com"

Why Chevron Bought Anadarko

Here’s why Chevron agreed to acquire Anadarko in a deal valued at $50 billion. — Read on www.forbes.com/sites/rrapier/2019/04/14/why-chevron-bought-anadarko/

Read more "Why Chevron Bought Anadarko"

U.S. crude oil production grew 17% in 2018, surpassing the previous record in 1970 – Today in Energy – U.S. Energy Information Administration (EIA)

U.S. crude oil production grew 17% in 2018, surpassing the previous record in 1970 – Today in Energy – U.S. Energy Information Administration (EIA) — Read on www.eia.gov/todayinenergy/detail.php

Read more "U.S. crude oil production grew 17% in 2018, surpassing the previous record in 1970 – Today in Energy – U.S. Energy Information Administration (EIA)"

Jupiter Extends Open Season for Crude Pipeline from Permian to Gulf | Pipeline & Gas Journal

Jupiter Energy extended an open season until May 31 on a crude oil pipeline from the Permian to the Port of Brownsville. It is expected to be operational in fourth quarter of 2020. — Read on pgjonline.com/news/2019/02-feb/jupiter-extends-open-season-for-crude-pipeline-from-permian-to-gulf

Read more "Jupiter Extends Open Season for Crude Pipeline from Permian to Gulf | Pipeline & Gas Journal"

U.S. oil output to hit new record above 13 million bpd in 2020: EIA | Reuters

NEW YORK (Reuters) – U.S. crude oil output is expected to rise 1.45 million barrels per day (bpd) this year and 790,000 bpd more next year, bringing total output to 13.2 million bpd, the Energy Information Administration said in a monthly forecast on Tuesday.  U.S. oil production this year is forecast to be at a […]

Read more "U.S. oil output to hit new record above 13 million bpd in 2020: EIA | Reuters"

High gasoline inventories help drive U.S. refining margins to five-year lows – Today in Energy – U.S. Energy Information Administration (EIA)

High gasoline inventories help drive U.S. refining margins to five-year lows – Today in Energy – U.S. Energy Information Administration (EIA) — Read on www.eia.gov/todayinenergy/detail.php

Read more "High gasoline inventories help drive U.S. refining margins to five-year lows – Today in Energy – U.S. Energy Information Administration (EIA)"

Forecaster: Houston economy has recovered from downturn – HoustonChronicle.com

The Houston economy has largely recovered from the two-year oil downturn that began in 2014 and economic indicators suggest solid growth ahead for the region, according to analysis by a University of Houston economist. The local economy, after struggling in recent years, is again adding jobs at a strong pace, supported by oil prices above […]

Read more "Forecaster: Houston economy has recovered from downturn – HoustonChronicle.com"

US Gulf Coast crude oil exports dwindle on soaring freight costs | S&P Global Platts

Crude oil exports out of the US Gulf Coast have shrunk on soaring freight rates in recent weeks, with market participants pegging volumes around 1.7 million to 1.8 million b/d in November including ab — Read on www.spglobal.com/platts/en/market-insights/latest-news/shipping/102218-us-gulf-coast-crude-oil-exports-dwindle-on-soaring-freight-costs

Read more "US Gulf Coast crude oil exports dwindle on soaring freight costs | S&P Global Platts"