Link

Current US Drilling Trends and Future Oil Production


  • Looking at the data of active US oil rigs available from Baker Hughes – which is taken as a proxy for the level of upstream activity in the country – and the US crude production numbers from the EIA shows an evident lag between the two indicators.
  • Between December 2016 and December 2017, when the active oil rig count increased by 272, crude oil production only increased by 1.18 mmb/d; but between December 2017 and December 2018, crude oil production jumped by 2.06 mmb/d.
  • US Active Oil Rig Count vs US Crude Production



New service from OilVoice
Trip Shepherd is for companies who need to track their staff in areas of risk.
It's free to use, so we invite you to try it.

Visit original link

https://nrgedge.net/article/1575435492-current-us-...

GOMGulf Of MexicoBureau of Ocean Energy ManagementBOEMOil BlocksleaseShellBPanadarkoOccidental

More items from huishan


Changing Investment Winds In The Middle East

The latest headline involving ADNOC, Abu Dhabi's state oil firm, hasn't really made the rounds beyond the industry's eyes but it is crucial to understanding how the Middle East oil sector could adapt to the changing industry over the next few decades. Then late 2019, ADNOC partnered with Italy's ...

Hui Shan


Posted 4 days agoLink > Abu DhabiADNOCinvestment +4

Motor gasoline accounted for almost half of U.S. petroleum consumption in 2019

Just a few days ago, Chevron sent a tremor through the LNG industry when it announced that it was putting its stake in Australia's giant North West Shelf project up for sale, having received ‘unsolicited approaches from a range of credible buyers'. The North West Shelf Project kicked off in the 1 ...

Hui Shan


Posted 10 days agoLink > ImportsProductionUnited States +3

The Future of North West Shelf LNG in Australia Turns

Just a few days ago, Chevron sent a tremor through the LNG industry when it announced that it was putting its stake in Australia's giant North West Shelf project up for sale, having received ‘unsolicited approaches from a range of credible buyers'. The North West Shelf Project kicked off in the 1 ...

Hui Shan


Posted 11 days agoLink > LNGShellAustralia +4

The (New) Force Behind Upstream Asset Buys

In times of crisis, oil and gas company default to two things: staff layoffs and asset sales. Factor in the strengthening climate change argument that is changing the core strategies of energy supermajors, the idea of buying a (potentially distressed) oil or gas asset is now quite unappealing, no ...

Hui Shan


Posted 18 days agoLink > ExxonMobilShellBP +9

SHORT-TERM ENERGY OUTLOOK

Bounce back in China's manufacturing sector points the way; other countries expected to follow as lockdown is liftedLatest in series of on-line ADIPEC Energy Dialogues hears it could be late 2021 before oil and gas markets recover to 2019 volumesOPEC+ supply constraints coming under pressure from ...

Hui Shan


Posted 22 days agoLink > EmissionsHydrocarbonOil +8
All posts from huishan