O&G news from beyond the Permian’s borders—news that, in some way, touches the Basin. Reports from EIA, GlobalData, and Platts EIA Nov. 16 A recently released report by the U.S. Energy Information Administration finds that planned refinery maintenance is not expected to adversely affect the supply of gasoline, jet fuel, and distillate fuel […]
The Broader Picture: December 2016
October’s Energy Reports from EIA and Platts: O&G news from beyond the Permian’s borders—news that, in some way, touches the Basin. Oct. 25 Global offshore oil production in 2015 was at the highest level since 2010, and accounted for nearly 30 percent of total global crude oil production. Offshore oil production increased in […]
The Broader Picture: June 2016
Where we share some O&G news from beyond the Permian’s borders—news that, in some way, touches the Basin. EIA Apr. 25 Above-normal temperatures during the 2015-16 winter were a key factor in lowering heating demand and winter fuel expenditures. Compared with the 2014-15 winter, propane and heating oil demand decreased by 16 percent and […]
The Broader Picture | May 2016
EIA Mar. 30 The profitability of oil and natural gas development activity depends on both the prices realized by producers and the cost and productivity of newly developed wells… Costs per well generally increased from 2006 to 2012, demonstrating the effect of rapid growth in drilling activity. Since 2012, costs per well have decreased […]
The Broader Picture: Reports from EIA, PIRA, and Platts
Where we share some O&G news from beyond the Permian’s borders—news that, in some way, touches the Basin. EIA Feb. 25 Despite lower crude oil prices, EIA expects Canadian oil production to continue increasing through 2017. Canadian oil sands projects that were already under construction when prices began to fall in 2014 and that […]