Sunday, December 29, 2024
U.S. Energy and Atlantic Energy complete Delaware Basin well pad- oil and gas 360

U.S. Energy and Atlantic Energy complete Delaware Basin well pad

World Oil (WO) — ­U.S. Energy Development Corporation, an exploration and production (E&P) company focused on the development of energy projects throughout North America, completed its Rio Hondo 3-Well pad this quarter. U.S Energy worked alongside Midland-based Atlantic Energy Partners, LLC to identify and complete the project. Each of the three Wolfcamp B horizontals in western Ward County had approximately

Canada, U.S. natgas output could hit growing pains in 2023- oil and gas 360

Canada, U.S. natgas output could hit growing pains in 2023

BOE Report Canadian and U.S natural gas production is expected to hit new records in 2023, but growth may be slow due to weakened demand, pipeline bottlenecks and a lack of new liquefied natural gas (LNG) export plants.   Gas demand surged worldwide after Russia cut off Europe’s primary supply, and the United States and Canada are expected to feed

U.S. crude oil inventories increase by 0.5 million barrels- oil and gas 360

U.S. crude oil inventories decrease by 5.9 million barrels

Weekly Crude Oil Storage as of December 16, 2022     U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 5.9 million barrels from the previous week.  At 418.2 million barrels, U.S. crude oil inventories are about 7% below the five year average for this time of year, according to the EIA crude oil and