U.S. shale producer EOG Resources Inc anticipates its activity in the Permian Basin to be flat this year
EOG eyes flat Permian activity, tighter global oil supply in 2023
Pioneer cuts long-term Permian Basin oil-output forecast
Pioneer, Chevron Corp. and ConocoPhillips will be the only companies producing more than 1 million barrels a day in the Permian after 2030
Exxon and Chevron Embrace Growth With Capex Hike
XTO Energy ranks #3 in wells drilled in 2022 with 333 wells drilled in the Mid Continent of the US. The Mid Continent region includes Texas, Oklahoma, New Mexico and Louisiana.
Chevron U.S.A. ranks #12 in wells drilled in 2022 with 145 wells drilled in the Mid Continent of the US. The Mid Continent region includes Texas, Oklahoma, New Mexico and Louisiana.
Oil and gas revenue at an all-time high in New Mexico
In New Mexico 58 Oil & Gas Operators spud 1670 wells in 2022.
Eagle Ford Drilling activity has greatly increased from the lows in 2020
Eagle Ford in Texas is the most mature tight oil play in the Lower 48 current, oil and natural gas production of 2.5 million barrels of oil equivalent per day. Measuring 400 miles long and 50 miles wide along the Texas Gulf Coast, the Eagle Ford basin is spread over 12,000 square miles in South and central Texas.
US Permian oil output to hit record in December, but gains are slow
Oil output in the Permian in Texas and New Mexico, the biggest U.S. shale oil basin, is forecast to rise by about 50,000 barrels per day (bpd) to a record 5.453 million bpd in November, the U.S. Energy Information Administration (EIA) said in its productivity report on Monday.
EOG Resources Reports Third Quarter 2022 Results
For fourth-quarter 2022, EOG expects total crude oil equivalent volumes of 900,000-936,700 boe/d with US crude oil and condensate volumes of 460,400-468,400 b/d and 1,360-1,440 MMcfd for US natural gas. Capital expenditure of 1.25-1.45 billion is expected.
Waukesha Engines & Natural Gas Compressors
Waukesha Compressor Engines dominates 400hp to 1500hp Engine Market in Western Canada Today natural gas accounts for 23% of the world’s energy consumption and demand is growing. However, raw natural gas as it comes from the ground must be processed — to clean it and remove impurities, including water, to…
Crescent Point Energy reports $1.18-billion first-quarter profit
Crescent Point Average daily production was 132,788 barrels of oil equivalent per day, up from 119,384 boe/d in the same quarter last year
STACK and SCOOP wells produce for Continental
Continental Resources natural gas guidance was increased to 1.1 billion to 1.2 billion cubic feet of natural gas a day. Download drilling report.
