Sunday, November 24, 2024
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Texas Aug. 2016 Oil & Gas Production Down almost 20% from Aug. 2015

Total oil and natural gas production per day has rolled over and started to decline in Texas, according to data recently released by the Texas Railroad Commission. Total oil production for August 2016 was 84.8 MMbls, a six percent decrease from July production at 90 MMbls and an 18% decrease from August 2015 levels of 103.9 MMbls. Gas followed a

Whiting Expects Double Digit Production Growth through 2017

Whiting says it will begin completing DUCs in Q1 ’17; would start adding rigs at $60 oil On Whiting Petroleum’s (ticker: WLL) 3Q 2016 conference call, CEO James Volker stated that recoveries from enhanced completions and lower average well costs in the Williston Basin have made the Core Bakken “one of the highest return plays in North America.” “Our enhanced