1. Shale boom slows as investor enthusiasm for Permian fades

    #oilwire Oil explorers reduced rigs #drilling in U . S . oilfields this week , fueling optimism that a shale slowdown and OPEC production cuts will be enough to deflate a glut and strengthen crude prices . Shares of major shale producers , including #Pioneer #Natural #Resources Co . and EOG Resources Inc . , tumbled this week as investors began to lose confidence in the prolific #Permian basin . As the prod . . .

  2. EIA: U.S. crude production to increase through year-end, setti...

    #oilwire - #EIA forecasts that #US crude #oil production will average 9 . 4 MMbpd in the second half of 2017 , 340 , 000 bpd more than in the first half of 2017 . Production in 2018 is expected to average 9 . 9 MMbpd , surpassing the previous high of 9 . 6 MMbpd set in 1970 , based on projections in EIA’s Short-Term Energy Outlook (STEO) . The STEO projects that most of the crude oil production growth in the . . .

  3. Permian freshman lunch fight

    UPDATE: Here is a link to the latest on the fight at Permian today . Two assistant principals were knocked down trying to breakup the fight , an ECISD spokesman said . http://tinyurl . com/z4rsheb We have received video of a fight at #Permian during the freshman lunch today . Details are limited at this time . Check back later for more information .

  4. Permian – update through August 2018

    Oil production in the Permian from horizontal wells has continued to rise at an astonishing pace , adding about 1 million bo/d in production capacity in the 12 months through August , to about 2 . 7 million bo/d (with upward revisions coming) . The main driver behind this growth is the high level of completion activity; so far more than 2 , 800 horizontal wells have been completed this year , double the l . . .

  5. ShaleProfile

    Oil production in the Permian basin continued its upward trajectory through the first quarter of this year . Just over 400 wells were producing at a rate of 800 bo/d in March . See our latest post for more insight: https://shaleprofile . com/…/permian-update-through-march-2…/… #shale #gas #OOTT #Permian #oil