EIA: US Likely Became Biggest Oil Producer Earlier This Year
Wednesday September 12, 2018 - US likely overtook Russia and Saudi Arabia in terms of oil output to become the world's biggest producer earlier this year.
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EIA: US Likely Became Biggest Oil Producer Earlier This Year
Wednesday, September 12, 2018 US likely overtook Russia and Saudi Arabia in terms of oil output to become the world's biggest producer earlier this year.
EIA Cuts Forecast For 2019 US Crude Production Growth
Tuesday, September 11, 2018 US crude oil production in 2019 is expected to grow at a slower rate than previously forecast.
OPEC's Barkindo: Oil Demand To Hit 100 MMbpd Sooner Than Projected
Wednesday, September 05, 2018 World oil consumption will reach 100 million barrels per day later this year, hitting that level much sooner than previously forecast, OPEC's Barkindo says.
Reuters Survey: OPEC August Oil Output Hits 2018 High Despite Iran Losses
Friday, August 31, 2018 OPEC oil output has risen this month to a 2018 high as Libyan production recovered and Iraq's southern exports hit a record, a Reuters survey found.
EIA: US Crude Production Rises To Record As Drilling Climbs In Texas
Friday, August 31, 2018 US crude oil production rose 2 percent to a record 10.674 million bpd in June, the US Energy Information Administration says.
Texas' Oil Output Drops In June For First Time Since Feb. 2017
Thursday, August 30, 2018 Texas oil production fell in June from a year earlier for the first time in 16 months.
OPEC+ Committee: Oil Producers Cut July Output By 9% More Than Agreed
Monday, August 27, 2018 An OPEC and non-OPEC monitoring committee found that oil producers participating in a supply-reduction agreement cut output in July by 9% more than called for in their pact, sources say.
Some Wyoming Producers Will Be Able to Ditch Diesel Generators
Monday, August 20, 2018 A Wyoming utility is adopting a more mobile approach to supplying electricity to oil and gas customers in the southeast corner of the state.
Saudi Cuts Oil Output As OPEC Points To 2019 Surplus
Monday, August 13, 2018 OPEC forecast lower demand for its crude next year as rivals pump more and said top oil exporter Saudi Arabia, eager to avoid a return of oversupply, had cut production.
Continental Resources Sees 15-20 Pct Output Growth in 2019
Wednesday, August 08, 2018 A large portion of the company's growth is focused on its SpringBoard development in Oklahoma's SCOOP formation.
US Cuts 2018 Crude Oil Production Growth Forecast
Tuesday, August 07, 2018 U.S. crude oil production in 2018 was expected to grow at a slower rate than previously forecast amid lower crude prices according to a monthly U.S. government report.
US Natgas Output, Demand Seen Rising to Record Highs in 2018
Tuesday, August 07, 2018 U.S. dry natural gas production should rise to an all-time high of 81.10 billion cubic feet per day (bcfd) in 2018.
EOG Sees Permian Hydraulic Fracturing Work Slowing in 2nd Half
Friday, August 03, 2018 Activity in the Permian Basin, which includes the Delaware, has outpaced pipeline takeaway capacity in recent months.
OPEC Oil Output Climbs as Saudi Arabia Pumps Near Record
Thursday, August 02, 2018 OPEC's crude output increased last month as Saudi Arabia pumped near-record volumes.
Marathon Oil Raises Annual Production Forecast
Wednesday, August 01, 2018 Marathon Oil Corp raised its annual production forecast.
Reuters Survey: OPEC July Oil Output Hits 2018 Peak, But Outages Weigh
Monday, July 30, 2018 OPEC oil output has risen this month to a 2018 high as Gulf members pumped more after a deal to ease supply curbs and Congo Republic joined the group, a Reuters survey found.
Texas to 'Shatter' Oil Production Records with Fewer Rigs and Workers
Friday, July 27, 2018 Economist Karr Ingham shares the mid-year results from the Texas Petro Index and production is doing well.
US Crude Oil Output Hits 11 Million bpd For First Time Ever
Wednesday, July 18, 2018 US crude oil production last week hit 11 million barrels per day (bpd) for the first time in the nation's history.
EIA: US Crude Stocks Slump Nearly 13 Million Barrels to Feb 2015 Low
Wednesday, July 11, 2018 US crude oil stocks fell by nearly 13 million barrels last week, the most in nearly two years.
EIA: US Crude Output Dips In April To 10.467 MMbpd
Friday, June 29, 2018 U.S. crude production fell marginally by 2,000 bpd to 10.467 million bpd in April from the highest on record in March.
Saudi Aramco CEO Says Has 2 Million Barrels Per Day Of Spare Capacity
Monday, June 25, 2018 Oil giant Saudi Aramco says it has a spare capacity of 2 million barrels per day and can meet additional oil demand in case of any interruption in supplies.
Tenaris to Resume Operations at Texas Mill, Hire 150 Workers
Thursday, June 21, 2018 After years of inactivity due to the downturn, Tenaris has announced it will resume operations at a mill in Texas.
Report: Permian, Marcellus & Utica to Supply 55% of N. American Gas by 2030
Thursday, June 14, 2018 A report by McKinsey Energy Insights projects the three shale plays to drive supply.
Sources: US Asks OPEC Producers To Pump More Oil, No Specific Figure
Tuesday, June 05, 2018 The US government has unofficially asked Saudi Arabia and some other OPEC producers to raise oil output.
Gas Glut in Permian Sparks Dilemma Over How Much to Burn
Monday, June 04, 2018 Texas is facing a burning question that's pitting the state's economy against its environment, and oil drillers against each other.
EIA: US Oil Output Jumps To Record 10.47 MMbpd In March
Thursday, May 31, 2018 US crude oil production jumps to 10.47 million bpd in March, the highest on record.
EIA: US Crude Output To Hit 12 MMBpd In Late 2019
Tuesday, May 08, 2018 US crude oil production is expected to rise more than previously expected to 12 million barrels per day by the fourth quarter of 2019.
OPEC's Reason for Sticking With Cuts Rests on Shaky Ground
Wednesday, May 02, 2018 OPEC and Russia seem determined to keep on cutting production even after their campaign to rebalance world oil markets achieved its main target.
EIA: US Crude Output Jumps To Record 10.26 MMbpd In Feb
Monday, April 30, 2018 US crude production jumped 260,000 to 10.26 million barrels per day in February, the highest on record
Trump's Claim of 'Oil All Over the Place' Isn't True Anymore
Friday, April 20, 2018 While OPEC has been curbing supply in a successful bid to revive oil prices, the group's success means that there's no longer a global glut of oil.
EIA: US Shale Output To Rise By 125,000 Bpd In May
Monday, April 16, 2018 US shale oil production is expected to increase in May for the fourth consecutive month, US Energy Information Administration data shows.
UAE Says Most Countries In Oil Cut Deal Like Idea Of Long-Term Alliance
Thursday, April 12, 2018 A majority of the OPEC and independent oil producers participating in a current deal to cut supply like the idea of a long-term producers' alliance, the energy minister of the United Arab Emirates says.
Oklahoma Orders Cut to Disposal Well Volumes Following Quakes
Monday, April 09, 2018 Oklahoma regulators forced an oil and gas producer to reduce operations on a well used for disposing saltwater following a large earthquake over the weekend, an Oklahoma Corporation Commission spokesman said.
EIA: US Crude Oil Production Rose Slightly In January
Friday, March 30, 2018 US crude production rose by 6,000 barrels per day (bpd) in January.
Down Is Up as Aging Oil Fields Defy Gravity to Pump More
Friday, March 09, 2018 Bob Dudley has never seen anything like what happened with BP's old fields last year: They gushed more crude.
Chevron Backs 2018 Production Rise, Eyes Share Buybacks
Tuesday, March 06, 2018 Chevron says it should be able to raise production as planned by between 4 and 7 percent in 2018.
IEA Sees US Oil Output Surge Stealing OPEC Share In Next 5 Years
Monday, March 05, 2018 US shale oil output is set to surge over the next 5 years, stealing market share from OPEC producers and moving the country closer to self sufficiency, IEA says.
EIA: US Crude Oil Production Hit Record High In November
Wednesday, February 28, 2018 US crude oil production shattered a 47-year output record in November and retreated slightly in December, the US Energy Department said.
IEA: US To Overtake Russia As Top Oil Producer By 2019 At Latest
Tuesday, February 27, 2018 The United States will overtake Russia as the world's biggest oil producer by 2019 at the latest, the International Energy Agency says.
Chesapeake Says To Raise 2018 Output On Lower Spending, Shares Jump
Thursday, February 22, 2018 Chesapeake says it expects production to keep rising this year, despite a 12% cut in spending.
Energen's Oil Production Forecast Misses Estimates Amid Proxy Fight
Tuesday, February 20, 2018 Energen reports a better-than-expected quarterly profit, but expectations for oil production fell short.
IEA: Surge In Global Oil Supply May Overtake Demand In 2018
Tuesday, February 13, 2018 The rise in global oil production, led by the US, is likely to outpace growth in demand this year, IEA says.
ExxonMobil's Reserves Jump 19% On Growth In US Shale, UAE
Friday, February 09, 2018 ExxonMobil says its oil and gas reserves surged 19% last year, thanks to growth in US shale, the United Arab Emirates and Guyana.
US Oil Reserve Would Fall Nearly in Half Under Budget Deal
Thursday, February 08, 2018 The US is poised to sell half of its emergency oil reserves to help pay its bills.
US Crude Output to Jump Above 11 mln bpd Sooner Than Expected
Tuesday, February 06, 2018 The U.S. government sees nationwide oil production jumping above 11 million barrels a day much quicker than anticipated.
Permian Seen Second to Saudis for Spare Oil-Output Capacity
Monday, February 05, 2018 The Permian Basin is looking like Saudi Arabia, with as much as 1 million barrels of spare oil capacity ready to go into production, according to Nansen Saleri.
North Dakota Bakken Oil Rises Again in Shadow of Mighty Permian
Thursday, February 01, 2018 The second-largest US shale-oil play is growing in the shadow of a newer, bigger and faster-growing competitor.
Shale Sends US Output Past Historic 10 Million-Barrel Mark
Wednesday, January 31, 2018 US oil production surged above 10 million barrels a day for the first time in four decades.
ExxonMobil to Triple Production in the Permian
Tuesday, January 30, 2018 ExxonMobil plans to ramp up its oil production in the Permian Basin in coming years.
Texas Oil Economist Predicts Record Output in 2018
Thursday, January 25, 2018 Oil production in 2018 is set to break records, according to oil economist Karr Ingham.
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