May power generation deliveries rose more than 20% U.S. net exporter of NatGas: 3 billion cubic feet per day of LNG shipped to 15 countries in May May 2018 marked a noticeable increase in dry natural gas production in the United States. The average daily rate of dry natural gas production for May was the highest for any month since
EIA forecasts 11.8 MMBOPD for total U.S. oil production in 2019 A new IHS Markit outlook released today expects the Permian Basin’s crude oil production to more than double its 2017 record of 2.5 MMb/d to 5.4 MMb/d by 2023. This level of production would elevate the U.S. to a power exporter status that rivals Saudi Arabia, with total U.S.
Even as overall production declines, new-well production is up With just two exceptions, every major play tracked in the Energy Information Administration’s (EIA) Drilling Productivity Report (DPR) for August is showing lower month-over-month production, but the EIA anticipates greater production per new-well in every play except oil wells in the Haynesville, where the EIA expects no change. According to the EIA,
Increases 2015 Production Guidance Bellatrix Exploration Ltd. (ticker: BXE) announced this morning that it has completed the acquisition of assets within its core Alder Flats area of west central Alberta (greater Ferrier region) from an unidentified oil and gas producer for approximately $118 million. According to the company, the acquisition will add approximately 2,200 BOEPD of currently unrestricted production (approximately
