Production – Oil & Gas 360

Shell’s Q3 profit soars on strong trading and production

October 7, 2025

(Oil Price) – Strong gas trading, higher upstream production and liquefaction volumes, and increased refining margins are expected to boost Shell’s third-quarter earnings, the supermajor said in a trading update on Tuesday. Shell said in its third quarter 2025 update note that trading and optimization in its Integrated Gas division is expected to be “significantly higher” for the third quarter compared

Chevron, Anadarko join consortium to explore offshore Peru’s Trujillo basin

September 19, 2025

(World Oil)– Chevron, Anadarko, and investment fund Westlawn have formalized a new partnership to advance hydrocarbon exploration offshore Peru, marking a significant step in revitalizing the nation’s upstream sector. The three companies signed amended license agreements with Perupetro for Blocks Z-61, Z-62, and Z-63 in the Trujillo basin, an offshore area covering 6,018 km² some 50 nautical miles off the coasts of Lambayeque and La

Decline in global oil and gas field output accelerating, IEA says

September 16, 2025

(Investing) – LONDON – The decline in output from mature global oil and gas fields is accelerating amid greater reliance on shale and deep offshore resources, the International Energy Agency said on Tuesday, meaning companies need to invest more just to keep output flat. The IEA, which advises industrialised countries, is under fire from U.S. President Donald Trump’s administration for a

Oil prices pare back some earlier losses as OPEC+ hikes production

May 5, 2025

(Investing) – Oil prices declined on Monday, but pared back some earlier losses, after the OPEC+ oil group signaled over the weekend that it will further increase production in the coming months. The prospect of higher supplies and weakening demand weighed on crude, which has already been nursing steep losses so far in 2025. The declines put oil back in sight

US oil and gas production rebounds after winter storm: Kemp

May 1, 2024

BOE Report U.S. oil and gas production rebounded sharply in February after extensive disruption the previous month caused by freezing wells and other outages stemming from Winter Storm Heather in the middle of January. Nationwide crude and condensates output jumped by 0.6 million barrels per day (b/d) in February reversing a decline of 0.7 million b/d in January, according to

Oil and gas production decreased in the first quarter – Dallas Fed

March 27, 2024

BOE Report Oil and gas production in Texas, Louisiana and New Mexico decreased in the first quarter of 2024, the Federal Reserve Bank of Dallas said on Wednesday in its quarterly survey of energy activity. The survey of executives at 147 energy firms suggested a small decline in production. A natural gas production index also turned negative and oilfield services

U.S. oil production to hit record amidst declining costs, drilling efficiencies, Macquarie predicts

March 26, 2024

World Oil (Bloomberg) – U.S. oil production is set to end the year at a record pace of about 14 MMbpd as falling costs and improved drilling efficiency overshadow subdued growth plans from publicly listed companies, Macquarie Group Ltd. analysts said in a note. Macquarie stood out among analysts last year with its projection of increased U.S. shale production and

North Dakota oil production climbing back faster than anticipated

January 26, 2024

Oil Price North Dakota’s production of crude oil is returning to full force at a quicker pace than first suggested by authorities, new data from the state’s regulator showed on Friday. Crude oil production in the Peace Garden State is now down by between 30,000 and 80,000 bpd after extreme cold led to operational challenges. Associated natural gas production—the natural

U.S. crude production breaks records

October 31, 2023

Oil Price U.S. crude oil production hit an all-time high in August, according to new data published by the Energy Information Administration on Tuesday, with production surpassing pre-covid levels. U.S. field production of crude oil reached 404.6 million barrels during the month of August, new EIA data shows, for an average of 13.05 million barrels per day–squarely breaking the previous record

U.S. crude oil production surges to record high in Q3 2023, EIA reports

October 12, 2023

World Oil (Bloomberg) – U.S. crude oil production surged to a record during the third quarter and is expected to climb further above 13 MMbpd as the nation increasingly plays a vital role in supplying global markets. U.S. oil production jumped to 13.13 MMbpd last quarter and is forecast to rise to 13.16 MMbpd in the fourth quarter, according to

U.S. oil and gas production begins to flatten: Kemp

August 4, 2023

Nasdaq LONDON – U.S. crude oil production was essentially flat in May compared with April – a sign lower prices and a slowdown in drilling activity are finally causing output to peak and turn down. Crude and condensates production for the Lower 48 states excluding federal waters in the Gulf of Mexico rose by just 19,000 barrels per day compared

SM Energy announces certain second quarter 2023 activity: 2.6 million shares repurchased, production up, capital expenditures down, and entered agreements to acquire 22,800 oily net acres

June 21, 2023

Oil and Gas 360 Publisher’s Note: SM Energy will be a presenter at the 28th annual EnerCom Denver – The Energy Investment Conference that brings together energy companies, investors, analysts, and key industry leaders. Register to attend at www.enercomdenver.com DENVER, June 21, 2023 /PRNewswire/ — SM Energy Company (the “Company”) announced today certain updates on second quarter 2023 activity. Repurchased 2.6 million

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