Thursday, February 20, 2025

How Does Production from Your State Compare to the World?

With U.S. production of oil and gas setting all-time records—at both a country and state level— providing some scale for statewide production can bring new perspective to the size of the shale boom. To make the measurement, EnerCom Analytics identified countries around the globe that are producing oil and gas in similar volumes to the U.S. energy producing states, matching

U.S. Rig Count Sees Largest Decrease Since November

In the major basins rig increase is nil; but oil popularity nears all-time high Drilling activity fell this week, marking the second straight decrease in operational rigs, according to Baker Hughes’ Weekly Rig Count. A net seven rigs shut down this week, the largest decrease since early November. Three land-based rigs shut down, while two offshore and inland waters rigs

OPEC Meeting: Our Goal Going Forward is to Reduce Cuts to the 100% Compliance Mark

OPEC meeting result: oil production from OPEC member countries is to increase until the  over-compliance with 2016’s agreed cuts has been eliminated The anticipated 174th Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) concluded in Vienna today with an announcement that with the oil market in apparent balance, OPEC’s goal is to return production to 100%