Output

Montney NGL Output Seen Up 16% in ’19, Says Wood Mackenzie

Combined natural gas and liquids byproduct output will increase by 16% this year from the prolific Montney geological formation straddling Alberta and British Columbia, according to Wood Mackenzie.

May 17, 2019

No Free Rides For U.S. Onshore Producers, Says Saudi Energy Minister

Following a two-year oil price war that sharply disrupted global output and bankrupted dozens of North American operators, Saudi Arabia’s energy minister warned Tuesday that the decision by the Organization of the Petroleum Exporting Countries to temporarily reduce output doesn’t mean a free ride for anybody.

March 8, 2017
OPEC’s Tentative Agreement to Reduce Oil Output Still Needs Formal Vote

OPEC’s Tentative Agreement to Reduce Oil Output Still Needs Formal Vote

The 14-nation Organization of the Petroleum Exporting Countries (OPEC), which produces more than one-third of global crude oil output, reached a tentative agreement Wednesday to reduce output for the first time in eight years — to 32.5 million b/d from an August level of 33.24 million b/d.

September 28, 2016
OPEC Proposes First Oil Production Cut in Eight Years

OPEC Proposes First Oil Production Cut in Eight Years

Stung by continuing oversupply wrought by the U.S. unconventional revolution, the 14-nation Organization of the Petroleum Exporting Countries (OPEC) reached a tentative agreement Wednesday to reduce output for the first time in eight years — to 32.5 million b/d from an August level of 33.24 million b/d.

September 28, 2016
2Q Results Looming as E&Ps Search For Bottom

2Q Results Looming as E&Ps Search For Bottom

A backlog of drilled but uncompleted (DUC) wells, a lack of manpower, cannibalized oilfield equipment and persistently stagnant commodity prices are expected to weigh on second quarter results for the oil and gas industry as investors await word of a recovery.

July 15, 2016
E&P, OFS Sectors Facing Uncertain Recovery as Prices, DUCs, Manpower Weigh

E&P, OFS Sectors Facing Uncertain Recovery as Prices, DUCs, Manpower Weigh

A backlog of drilled but uncompleted (DUC) wells, a lack of manpower, cannibalized oilfield equipment and persistently stagnant commodity prices are expected to weigh on second quarter results for the oil and gas industry as investors await word of a recovery.

July 15, 2016
U.S. Stripper Well Output Declining but Still Significant, Says EIA

U.S. Stripper Well Output Declining but Still Significant, Says EIA

Stripper wells accounted for 10% of total U.S. oil output last year, a dwindling amount of output but still a significant number, the Energy Information Administration said Wednesday.

June 29, 2016
Shale Natural Gas to Account for 20% Share of Total Global Gas Output by 2035, Says BP

Shale Natural Gas to Account for 20% Share of Total Global Gas Output by 2035, Says BP

Shale natural gas, ramrodded by U.S. producers, should amount to about 75% of domestic gas output and nearly 20% of total global gas production by 2035, compared to 10% of global share in 2014, a stronger forecast than BP plc’s economics team previously projected. And it could get even better, chief economist Spencer Dale said Wednesday.

February 10, 2016

OPEC, U.S. Shale Producer Price War Not Over, Analysts Say

U.S. crude oil prices slumped below $40/bbl on Friday after OPEC sidestepped action to curb output levels, despite a saturated market.

December 4, 2015
Northeast Shales Still Power NatGas Output in 2016, Jefferies Says

Northeast Shales Still Power NatGas Output in 2016, Jefferies Says

Domestic natural gas production should fall slightly in 2016, with the Northeast showing much stronger gains than any other part of the country, according to a survey by Jefferies LLC.

September 25, 2015
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