Saturday, August 31, 2024

GOM Breakeven Below $50 per Barrel: Wood Mackenzie

Twice as many deepwater projects expected this year as the last two years combined While U.S. shale has been by far the most important topic when discussing U.S. oil and gas production, GOM production is still a major factor. Oil production from the Gulf increased significantly in 2016, while nearly every state saw decreases in production. According to Wood Mackenzie,

Oil Above $50 Despite 15 Additional Rigs

Onshore drilling continues to spool up as oil remains near $50 per barrel The U.S. rig count continued to climb in the week ended March 31, 2017, with Baker Hughes reporting 15 additional rigs added to fleets across the country bringing the total to 824. Oil prices continued to hold above $50 per barrel despite the increased rig activity which

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