New Fields to Lift Gulf of Mexico Output in 2024
The total US rig count decreased by 2 rigs W-o-W, down to 600 from 602. The Eagle Ford is up…
Crude Oil Edge
Bakken Production Takes Hit in Winter Storm
North Dakota oil production fell by 412.5 Mb/d due to the Artic blast observed over the MLK weekend.
Permian Exits 2023 at Record Crude Production
The US rig count held steady W-o-W at 595 rigs. Liquids basins lost 1 rig over the December 31 week…
DJ Basin Production Nears Previous Highs
East Daley expects Denver Julesberg Basin oil production to near pre-COVID highs in 1H24.
Shell Wins Big in GoM Lease Sale
The US rig count increased by 5 W-o-W with total rigs settling at 594. Liquids basins remained flat W-o-W with…
EIA Lowers Crude Forecast vs EDA in 2024
The EIA expects US crude oil production to average 13.11 MMb/d in 2024, up from 12.93 MMb/d in 2023. The…
Enbridge Line 5 Back in the Game
Michigan regulators have approved an application by Enbridge (ENB) to replace a segment of the Line 5 pipeline running under…
Permian Drives Supply Growth in EDA Forecast
US crude oil production has reached a record high at 13.2 MMb/d, and East Daley expects growth to continue in…
WTI Prices Fall Despite Low Cushing Storage
WTI prices have disconnected recently from Cushing storage, a key fundamental indicator for US crude oil.
Enbridge Open Season Would Lift Corpus Christi Exports
The US rig count decreased W-o-W by 4 rigs to bring the total count to 596. Liquids basins lost 8…