Post Tagged with: "Record"

World Oil

Oil and gas production creates record tax revenue for State of Texas

World Oil


AUSTIN – Railroad Commission of Texas Chairman Wayne Christian applauds the Texas oil and gas industry following the Texas Comptroller of Public Accounts’ announcement of record-breaking tax revenues from the industry.

 

“Despite President Biden’s delusional desire to …

Source: Reuters

Analysis: With record pump prices, Biden hard-pressed to ramp up Russia sanctions

Reuters


As the Biden administration contemplates expanding punitive measures on Russia for its invasion of Ukraine, a big hurdle lies closer to home: the American consumer.

 

U.S. drivers are embarking on summer vacations with gasoline prices averaging more than …

Source: Reuters

U.S. fuel demand surges to a record on buzzing holiday activity – EIA

Reuters


Dec 15  – U.S. implied consumer petroleum demand surged to an all-time high last week on the back of holiday demand and travel – even as the Omicron variant of coronavirus threatens to dent oil consumption in coming months.

Source: CNBC

Chevron reports highest free cash flow on record as rebound in oil boost results; shares gain

CNBC


Chevron said Friday that it generated the highest free cash flow on record during the third quarter, as surging commodities prices and lower operational costs boosted operations.

 

The oil giant beat top- and bottom-line estimates for the period, …

U.S. Shale Oil Output to Rise to Record 8.77 Million bpd in Sept – EIA

U.S. Shale Oil Output to Rise to Record 8.77 Million bpd in Sept – EIA

From Reuters


U.S. oil output from seven major shale formations is expected to rise by 85,000 barrels per day (bpd) in September, to a record 8.77 million bpd, the U.S. Energy Information Administration forecast in its monthly drilling productivity report …

Texas Power Prices Triple as Heat Wave Expected to Boost Demand to Record Highs

Texas Power Prices Triple as Heat Wave Expected to Boost Demand to Record Highs

From Reuters


Spot power prices in Texas almost tripled for Tuesday on forecasts demand for electricity would hit record levels over the next week as consumers crank up their air conditioners to escape a heat wave blanketing much of the …

Another First: Four LNG Vessels in One Day Transit the Panama Canal

Another First: Four LNG Vessels in One Day Transit the Panama Canal

Canal surpasses LNG’s three-vessel record set in April

From Seatrade Maritime News

The Panama Canal reached a new milestone Monday after the successful transit of four liquefied natural gas (LNG) ships with a beam of up to 160 feet (49 …

October 3, 2018 - 1:04 pm Closing Bell Story‎, Energy News, LNG
EOG Resources, Mountrail County, North Dakota.

North Dakota Produced 1.2 MMBOPD in Feb.; N.D. Gas Production Hit All Time High at 2.1 Bcf per Day

North Dakota’s State Industrial Commission has released new production numbers for 2018, covering the months of January and February.

In January the state produced 36.6 MMbbls of oil, or 1.2 MMBOPD, and 64,226,435 Mcf, or 2,071,820 Mcf/day.

February was another …

Antero Resources: Longer, Faster Marcellus Laterals

Antero Resources: Longer, Faster Marcellus Laterals

Antero spent $1.28 billion on drilling and completions in 2017, producing an average of 2,253 MMcfe/d

Antero Resources

Full-year and Q4 2017 spending

Antero Resources (ticker: AR) spent $1.282 billion on drilling and completions in 2017. The company invested $204 million for …

Bonanza Creek Hits High Water Marks

Bonanza Creek Hits High Water Marks

Bonanza Creek Energy, Inc. (ticker: BCEI) exceeded the company’s high-end of Q4 2017 estimates by producing 14.8 MBOEPD. The company is expecting Rockies production to grow by 20% in 2018 and in 2019 Bonanza Creek said it expects an increase …

Permian Basin Production Breaks 44-Year Record: IHS

Permian Basin Production Breaks 44-Year Record: IHS

Permian production will push U.S. to new record liquids production by end of 2018 – IHS Markit

IHS Markit released a new report today. IHS Markit said that the Permian Basin reached a new 2017 oil-production record of 815 million …

December 27, 2017 - 6:03 pm Closing Bell Story‎, Energy News, Oil and Gas 360 Articles
Devon Energy Drills Record-Breaking STACK Well

Devon Energy Drills Record-Breaking STACK Well

Devon Energy (ticker: DVN) announced July 11th that it had brought a record setting well to production. The well reached a 24-hour peak production rate of 6,000 BOEPD, 50% of which was oil. The record-setting well, called the Privott …