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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
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U.S. - CHINA NUCLEAR POLICY

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IRAN SANCTIONS DOWN

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IRAN - S.KOREA OIL DOWN ANEW

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Chronicle:

U.S. OIL WELL COMPLETIONS DOWN 69%
2018, October, 15, 12:01:00

GAZPROM - SHELL: BALTIC LNG

GAZPROM - The parties discussed relevant issues related to bilateral cooperation, including the Baltic LNG project. Emphasis was placed on the priority measures aimed at developing a joint design concept (pre-FEED).

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

U.S. RIGS UP 11 TO 1,063

BHGE - U.S. Rig Count is up 11 rigs from last week to 1,063, with oil rigs up 8 to 869, gas rigs up 4 to 193, and miscellaneous rigs down 1 to 1. Canada Rig Count is up 13 rigs from last week to 195, with oil rigs up 8 to 127 and gas rigs up 5 to 68.

U.S. OIL WELL COMPLETIONS DOWN 69%
2018, October, 12, 11:40:00

OIL PRICE: NEAR $81

REUTERS - Brent crude futures had risen $1.02 cents, or 1.3 percent, to $81.28 a barrel by 0637 GMT. The contract dropped 3.4 percent on Thursday following sharp falls in equity markets and indications that supply concerns have been overblown. U.S. West Texas Intermediate (WTI) crude futures were up 80 cents, or 1.1 percent, at $71.77 a barrel, after a 3 percent fall in the previous session. WTI is on track for a 3.5 percent drop this week.

U.S. OIL WELL COMPLETIONS DOWN 69%
2018, October, 12, 11:35:00

OIL PRICES 2018 - 19: $74 - $75

EIA - Brent crude oil spot prices averaged $79 per barrel (b) in September, up $6/b from August. EIA expects Brent spot prices will average $74/b in 2018 and $75/b in 2019. EIA expects West Texas Intermediate (WTI) crude oil prices will average about $6/b lower than Brent prices in 2018 and in 2019.

All Publications »