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2016-07-08 18:00:00

U.S. OIL WELL COMPLETIONS DOWN 69%

U.S. OIL WELL COMPLETIONS DOWN 69%

 

OIL PRICES JUNE - JULY 2016

 

OIL PRICES JULY 2015 - JULY 2016

 

USA OIL RIG COUNT 2014 - 2016

 

According to API, estimated U.S. oil well completions decreased by 69 percent in the second quarter of 2016 compared to year-ago levels.

"America's shale energy revolution has helped the U.S. lower our greenhouse gas emissions while lowering the cost of energy for American consumers," said Hazem Arafa, director of API's statistics department. "To continue this progress, we must revisit current energy policy, speed up the LNG export approval process and avoid unnecessary regulations to help U.S. producers to compete effectively in the global market under the low-price environment."

Estimated exploratory gas well completions in the second quarter of 2016 decreased 84 percent compared to year-ago levels. So far this year, development well footage has decreased 53 percent and exploratory well footage has decreased by 64 percent.

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Earlier: 

U.S. NEED MONEY 

THE BIGGEST U.S. OIL 

U.S. ECONOMY: EVEN WORSE 

U.S. OIL PRODUCTION DOWN 8% 

U.S. RIGS UP 10

 

 

 

Tags: USA, OIL, WELL, COMPLETION

Chronicle:

U.S. OIL WELL COMPLETIONS DOWN 69%
2018, July, 12, 10:20:00

U.S. - EXXON - RUSSIA SANCTIONS

BLOOMBERG - Treasury Secretary Steven Mnuchin told a Texas judge that Exxon Mobil Corp. doesn’t have a right to see privileged documents related to a $2 million fine assessed against the energy company for violating sanctions related to Russia’s 2014 invasion of Ukraine.

U.S. OIL WELL COMPLETIONS DOWN 69%
2018, July, 12, 10:15:00

NORWAY'S OIL PRODUCTION: 1.747 MBD

NPD - Preliminary production figures for June 2018 show an average daily production of 1 747 000 barrels of oil, NGL and condensate, which is an increase of 88 000 barrels per day compared to May.

U.S. OIL WELL COMPLETIONS DOWN 69%
2018, July, 12, 10:10:00

NOVATEK'S PRODUCTION: +2.4%

NOVATEK - In the first half 2018, NOVATEK’s hydrocarbons production totaled 264.3 million barrels of oil equivalent (boe), including 32.93 billion cubic meters (bcm) of natural gas and 5,864 thousand tons of liquids (gas condensate and crude oil), resulting in an increase in total hydrocarbons production by 6.3 million boe, or by 2.4%, as compared to the first half 2017.

U.S. OIL WELL COMPLETIONS DOWN 69%
2018, July, 11, 09:35:00

OIL PRICE: NEAR $78 YET

REUTERS - Brent crude futures LCOc1 were down 75 cents, or 1 percent, at $78.11 a barrel by 0308 GMT, having fallen as low as $77.60. U.S. crude CLc1 was down 55 cents, or 0.7 percent, at $73.56.

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