2019-05-15 11:35:00
U.S. PRODUCTION: OIL + 83 TBD, GAS + 943 MCFD
U.S. EIA - Crude oil production from the major US onshore regions is forecast to increase 83,000 b/d month-over-month in June from 8,412 to 8,495 thousand barrels/day, gas production to increase 943 million cubic feet/day from 79,720 to 80,663 million cubic feet/day .
| Oil production thousand barrels/day | Gas production million cubic feet/day | |||||
|---|---|---|---|---|---|---|
| Region | May 2019 | June 2019 | change | May 2019 | June 2019 | change |
| Anadarko | 554 | 548 | (6) | 7,547 | 7,516 | (31) |
| Appalachia | 129 | 133 | 4 | 31,742 | 32,108 | 366 |
| Bakken | 1,404 | 1,420 | 16 | 2,764 | 2,786 | 22 |
| Eagle Ford | 1,427 | 1,426 | (1) | 6,883 | 6,881 | (2) |
| Haynesville | 43 | 43 | - | 11,071 | 11,358 | 287 |
| Niobrara | 738 | 752 | 14 | 5,544 | 5,604 | 60 |
| Permian | 4,117 | 4,173 | 56 | 14,169 | 14,410 | 241 |
| Total | 8,412 | 8,495 | 83 | 79,720 | 80,663 | 943 |
| New-well oil production per rig barrels/day | New-well gas production per rig thousand cubic feet/day | |||||
|---|---|---|---|---|---|---|
| Region | May 2019 | June 2019 | change | May 2019 | June 2019 | change |
| Anadarko | 404 | 412 | 8 | 2,840 | 2,856 | 16 |
| Appalachia | 143 | 143 | - | 15,930 | 15,930 | - |
| Bakken | 1,384 | 1,386 | 2 | 1,986 | 1,986 | - |
| Eagle Ford | 1,337 | 1,340 | 3 | 4,868 | 4,880 | 12 |
| Haynesville | 26 | 26 | - | 10,665 | 10,834 | 169 |
| Niobrara | 1,236 | 1,238 | 2 | 4,271 | 4,286 | 15 |
| Permian | 654 | 682 | 28 | 1,294 | 1,324 | 30 |
| Rig-weighted average | 689 | 703 | 14 | 3,989 | 4,020 | 31 |
| Drilled but uncompleted wells (DUC) | |||
| wells | |||
| Region | March 2019 | April 2019 | change |
| Anadarko | 1,024 | 998 | -26 |
| Appalachia | 479 | 460 | -19 |
| Bakken | 726 | 714 | -12 |
| Eagle Ford | 1,51 | 1,488 | -22 |
| Haynesville | 219 | 221 | 2 |
| Niobrara | 558 | 545 | -13 |
| Permian | 3,917 | 3,964 | 47 |
| Total | 8,433 | 8,39 | -43 |
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Earlier:
2019, May, 15, 11:52:00
U.S. ENERGY PRODUCTION UP 8%
The United States produced a record amount of energy from various sources in 2018, reaching 96 quadrillion British thermal units (quads), an 8% increase from 2017. This increase in production outpaced the 4% increase in U.S. energy consumption, which also reached a record high of 101 quads.
2019, May, 13, 12:35:00
U.S. OIL PROFITABILITY $28 BLN
Net income for 43 U.S. oil producers totaled $28 billion in 2018, a five-year high. Based on net income, 2018 was the most profitable year for these U.S. oil producers since 2013, despite crude oil prices that were lower in 2018 than in 2013 on an annual average basis.
2019, May, 13, 11:55:00
OCCIDENTAL, ANADARKO DEAL: $57 BLN
Occidental ("Occidental" or "the Company") (NYSE: OXY) ) today entered into a definitive agreement whereby Occidental will acquire Anadarko Petroleum Corporation ("Anadarko") (NYSE: APC) for $59.00 in cash and 0.2934 shares of Occidental common stock per share of Anadarko common stock, in a transaction valued at $57 billion, including the assumption of Anadarko's debt.
2019, May, 13, 11:40:00
U.S. RIGS DOWN 2 TO 988
BHGE - U.S. Rig Count is down 2 rigs from last week to 988, with oil rigs down 2 to 805, gas rigs unchanged at 183, and miscellaneous rigs unchanged at 0. Canada Rig Count is up 2 rigs from last week to 63, with oil rigs up 5 to 22 and gas rigs down 3 to 41.
2019, May, 8, 11:35:00
6 UNDERVALUED ENERGY STOCKS
Investors with a long-term horizons could give a look to Energy Industry. According a Value Line Report on Petroleum Industry, Oil Price above $50 a barrel provide some assurance that existing dividend will be maintained.
2019, May, 6, 11:35:00
U.S. UNCOMPLETED WELLS UP
The number of drilled but uncompleted wells in seven key oil and natural gas production regions in the United States has increased over the last two years, reaching a high of 8,504 wells in February 2019,
2019, April, 17, 11:20:00
U.S. PRODUCTION: OIL + 85 TBD, GAS + 883 MCFD
U.S. EIA - Crude oil production from the major US onshore regions is forecast to increase 80,000 b/d month-over-month in April from 8,380 to 8,460 thousand barrels/day , gas production to increase 907 million cubic feet/day from 78,930 to 79,837 million cubic feet/day .
