Reserves

Production of natural gas in Trinidad & Tobago has been waning, as evidenced by liquefied natural gas output curtailments by Atlantic LNG…

Four discoveries in the shallow waters of the Gulf of Mexico (GOM) could yield up to 170 MMcf/d of natural gas and 200,000 b/d of crude oil within two years, the chief of Mexico’s Petroleos Mexicanos (Pemex) said.

Four discoveries in the shallow waters of the Gulf of Mexico (GOM) could yield up to 170 MMcf/d of natural gas and 200,000 b/d of crude oil within two years, the chief of Mexico's Petroleos Mexicanos (Pemex) said.

Even with turbulent and unsettled conditions in the global energy markets last year, the U.S. shale industry scaled new heights, lifting the country to No. 1 among global natural gas and oil producers, BP plc reported Wednesday.

Even with turbulent and unsettled conditions in the global energy markets last year, the U.S. shale industry scaled new heights, lifting the country to No. 1…

Expect more asset impairments along with lower capital spending, reduced revenues and year-end reserves from many producers as the impact of depressed commodity prices is fully felt, Ernst & Young LLP (EY) said Wednesday. However, the firm’s most recent U.S. oil and gas reserves study looked at 2014 when times were brighter.

Expect more asset impairments along with lower capital spending, reduced revenues and year-end reserves from many producers as the impact of depressed commodity prices is fully felt, Ernst & Young LLP (EY) said Wednesday. However, the firm's most recent U.S. oil and gas reserves study looked at 2014 when times were brighter.

U.S. shale oil breakevens have fallen by $20/bbl in one year and may decline more on field efficiencies, resulting in a duel with OPEC for market share, while the rest of the industry fights for relevance, according to Goldman Sachs.

U.S. oil and natural gas reserves grew in 2014 by an average of 11% year/year, but that was before commodity prices took a big tumble, according to Fitch Ratings.