“It may take weeks to get the simplest things done. Experienced employees left the oilfield, and our government is telling us they are not needed or wanted because we are transitioning to clean energy and oil and gas are no longer needed.”—E&P executive, June 23 Dallas Fed Energy Survey...
Last year, three regions – Appalachia, Permian, and Haynesville – accounted for 59% of all natural gas production in the US, similar to the proportion in 2022, according to EIA data, which measures gross gas withdrawals in eight onshore regions.North America Oil & Gas Monitor...
Equity oil and gas production (2023) 4,235 GWh Renewable power generation (2023) Equinor share 107,174 USD million Total revenues and other income (2023) Our global presence Equinor is an international energy company with a proud history. All of us play a part in its future. Our company ...
U.S. energy firms this week cut the number of oil and natural gas rigs by the most since June 2020, energy services firm Baker Hughes Co. said in its closely followed report on Feb. 3. The oil and gas rig count, an early indicator of future output, fell by 12 to 759 ...
US shale oil production grew by 1.5 million bo/d last year to over 6.8 million bo/d, as is visible in the graph above. Although preliminary data has the first few months of 2019 down a little, I expect that March set another record, after revisions.
According to foreign news on June 13, JPMorgan said on Wednesday: "we now expect the U.S. crude oil production (including condensate) to increase by 362,000 barrels/day in 2024 and 395,000 barrels/day in 2025." It is estimated that the supply of natural gas in the United States will...
At the end of Q3 2024, US crude oil production rose to 13.3 million barrels per day, up 0.1 million barrels per day from Q2 2024.Energy and resources trends Oil and gas In the US Energy Information Administration’s October 2024 Short Term Energy Outlook report, US natural gas prices ...
The Unconventional Oil and Gas Revolution and the US Economy.Exports of US manufactured chemicals and plastics have increased by 11% since 2010, says IHS.Lower raw material and energy costs, the result of shale gas and oil development, have spurred a "manufacturing renaissance" in the United St...
The rapid growth in U.S. oil production has surprised even industry insiders. Forecasts that once sounded far-fetched are becoming reality. The oil production boom had been expected, but the magnitude of change in such a short period of time is a surpris
And the amount of cash generated by operators this year will be greater than the total earned over the past 20 years, according to S&P Global Commodity Insights. “It’s a tsunami of cash,” said Raoul LeBlanc, head of S&P’s North American oil and gas division. “The companies have alm...