Wednesday, August 5, 2026
Permian drilling must pick up just to maintain current production: Report- oil and gas 360

Permian drilling must pick up just to maintain current production: Report

Houston Chronicle Drilling activity in the booming Permian Basin must accelerate just in order to maintain current production volumes, according to a new report from the research firm IHS Markit. The Permian’s oil output has risen rapidly in recent years from the shale boom, but shale wells deplete much faster than conventional vertical wells, so more constant drilling is required

Chevron Sanctions Anchor Project in the Deepwater U.S. Gulf of Mexico - oilandgas360

Chevron sanctions Anchor Project in the deepwater U.S. Gulf of Mexico

Business Wire The total potentially recoverable oil-equivalent resources for Anchor are estimated to exceed 440 million barrels. Chevron Corporation (NYSE: CVX) announced today it has sanctioned the Anchor project in the U.S. Gulf of Mexico. This marks the industry’s first deepwater high-pressure development to achieve a final investment decision. Delivery of the new technology, which is capable of handling pressures

EIA - oil and gas 360

Weekly Gas Storage: Inventories Decrease by 73 Bcf

Natural Gas Inventories as of December 6, 2019 The EIA has released its natural gas inventory report, showing a net decrease of 73 Bcf as of December 6, 2019.     Working gas in storage was 3,518 Bcf as of Friday, December 6, 2019, according to EIA estimates. This represents a net decrease of 73 Bcf from the previous week.