Chris
Mathews
Hart Energy
US Producers to Contribute to 2030 Oil Supply Surplus
Higher world oil production, led by U.S. and other producers in the Americas, will outpace demand between 2023-2030 and inflate the world’s spare capacity cushion, according to the IEA.
Permian To Drive Two-thirds of US Oil Output Growth Through '25 – EIA
The Permian Basin will drive U.S. oil production growth for the foreseeable future, according to the U.S. Energy Information Administration. But Permian associated gas growth continues to pressure the natural gas industry.
Woodside’s Sangomar Project Offshore Senegal Achieves First Oil
Woodside Energy achieved first oil offshore Senegal at the Sangomar development, which is the African country’s first offshore oil project.
Oil Settles Slightly Up on Forecasts for Strong Global Demand
Oil prices edged up to settle slightly higher on June 11 as the U.S. Energy Information Administration raised its global oil demand growth forecast for the year, while OPEC stuck to its forecast for relatively strong growth in 2024.
UpCurve CEO on Keeping Production Pace, Exploring Larger Deals
UpCurve Energy CEO Zach Fenton, discusses the company’s growth plans for 2024 and how UpCurve’s well production has evolved, in this Hart Energy Exclusive interview.
Utica Oil: Encino Energy’s Liquids Wells Top the Charts in Ohio
Encino Energy’s first-quarter wells took the top five spots in Ohio as the company’s liquids output accounted for more than half of the state’s 7.23 MMbbl first-quarter total.
E&P Highlights: June 10, 2024
Here’s a roundup of the latest E&P headlines, including a decline in global drilling activity and new contract awards.
TGS Undertakes Multiclient Reprocessing Agreements Offshore Liberia
TGS and the National Oil Company of Liberia plan to reprocess over 24,700 km in the Liberia and Harper basins.
What's Affecting Oil Prices This Week? (June 10, 2024)
Stratas Advisors says the latest EIA report illustrates that U.S. production growth has stagnated with U.S. oil production remaining at 13.1 MMbbl/d, which is unchanged from the previous 12 weeks.
US Speeds Up Purchasing for Strategic Petroleum Reserve as Oil Prices Dip
President Joe Biden's administration said on June 6 it has increased purchasing of crude oil to replenish the Strategic Petroleum Reserve.