The total oil production from the seven major shale basins in the U.S. was expected to rise 113,000 bbl/d, driven largely by increases in the Permian Basin, the EIA said.
Germany will likely be a buyer of LNG from the U.S. in the medium term, the government official tasked with transatlantic relations said on Nov. 2, but not as a result of any threats from Washington.
A cargo of LNG from the U.S. terminal of Sabine Pass operated by Cheniere Energy is due to arrive in China on Nov. 11, Refinitiv Eikon shipping data showed on Oct. 23.
The new Gen6 frack sand mine will be located in the core of the Haynesville and help provide area producers “significant time and cost savings on transport and logistics.”
Gulf Run Pipeline will be designed to bring 1.1 Bcf/d to meet demand for LNG.
Oil production is expected to rise 31,000 barrels per day in the Permian Basin of Texas and New Mexico, the EIA said in a monthly report.
Integrating all three sectors of the industry, as well as marketing, will position the company to be a global LNG leader, says John Howie.
Both wells are 4,600 foot laterals in the Bethany-Longstreet field in DeSoto Parish, Louisiana.
Onshore push signals renewed confidence eight years after Macondo.
Analysts still question possible risks associated with BP’s agreement to acquire most of BHP’s prized U.S. shale assets despite the deal being considered transformational for the British oil major.