According to the EIA, most new oil production in Colorado comes from the Niobrara Shale formation located in the Denver-Julesburg Basin in northeastern Colorado, where oil production in one county, Weld, is the source of almost 9 out of every 10 barrels of crude oil produced in Colorado. The...
The Drilling Productivity Report (DPR) uses recent data on the total number of drilling rigs in operation along with estimates of drilling productivity and estimated changes in production from existing oil wells to provide estimated changes in oil production for the principal tight oil regions. The ...
(I:USORRNW) Chart data for US Oil Rig Count from 1987 to 2024. Visually compare against similar indicators, plot min/max/average, compute correlations.
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.
Oil Prices Drop as Trump Says He Will Ask Saudi Arabia, OPEC to Cut Oil Price 2025/01/24 01:08 CST Recommend 2 Positive 3 Negative 4 EIA Crude Oil Stocks Change for Jan/17 in United States is -1.017M, higher than the previous value of -1.962M. The forecast was -2.1M. 2025/01/...
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First, the U.S. is benefiting from a resurgence in shale oil and gas production thanks to advanced fracking technology. Disrupted during the COVID-19 pandemic, U.S. oil and natural gas production has now hit record highs (Figure 2). It might be surprising to some that the U.S. is no...
The energy transition is not on track to mitigate the effects of climate change. Take the case of Shell, whose shareholders recently voted to decelerate the UK-based oil giant's climate targets. Shell had planned to cut its ...
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