article thumbnail

EIA: US Permian Basin oil production and resource assessments continue to increase

Green Car Congress

Between January 2016 and March 2017, oil production in the Permian Basin increased in all but three months, even as domestic crude oil prices fell. As production in other regions fell throughout most of 2015 and 2016, the Permian provided a growing share of US crude oil production. billion barrels of hydrocarbon gas liquids.

Oil 170
article thumbnail

GlobalData: best performing wells in Permian break-even at as low as US$22 per barrel

Green Car Congress

Well lateral lengths in the Permian have increased in average by more than 1,500 feet (ft) since 2016 to approximately 7,500 ft by the end of 2017, says GlobalData, a leading data and analytics company. All 26 operators included in this analysis have new wells that break-even below a price of US$50 per barrel.

Oil 236
article thumbnail

USGS estimates 20B barrels of oil in Texas’ Wolfcamp Shale; largest USGS estimate of continuous oil ever in US

Green Car Congress

The Wolfcamp shale in the Midland Basin portion of Texas’ Permian Basin province contains an estimated mean of 20 billion barrels of oil, 16 trillion cubic feet of associated natural gas, and 1.6 billion barrels of natural gas liquids, according to an assessment by the US Geological Survey. Geological Survey Fact Sheet 2016–3092, 4 p.,

Oil 150
article thumbnail

EIA forecasts US crude oil production rate to break record high in 2018 and again in 2019; 10.3 and 10.8 million b/d

Green Car Congress

Increased production from the Permian region in Texas and New Mexico accounts for 0.8 million b/d of growth to come from the Federal Gulf of Mexico, as seven new projects are expected to come online by the end of 2019. US crude oil production averaged an estimated 9.3 million b/d in December. million b/d.

2018 207
article thumbnail

USDA to invest up to $100M to boost infrastructure for renewable fuel use; seeks to double number of higher blend ethanol fuel pumps

Green Car Congress

Higher blends of renewable fuel offer potential for increasing the use of renewable fuels in the US gasoline pool, but currently, the typical gas pump can deliver fuel containing a maximum of 10% ethanol. States that are able to provide greater than a one-to-one ratio in funding will receive higher consideration.

Renewable 150
article thumbnail

USDA provides $91M loan guarantee to Cool Planet for biogasoline blendstock plant; biomass pyrolysis and catalytic conversion

Green Car Congress

Gas chromatography comparison of Conoco fuel and a Conoco-CoolPlanet blend. Catalytic Conversion: The catalysts are selected from the group of dehydration catalysts; aromatization catalysts; and gas-upgrading catalysts to produce different types of renewable fuel. Source: Cool Planet. Click to enlarge. Earlier post.).

article thumbnail

EPA Grants California Vehicle GHG Regulations Waiver

Green Car Congress

The US Environmental Agency (EPA) has granted California’s waiver request enabling the state to enforce its greenhouse gas emissions standards (Pavley I) for new motor vehicles, beginning with the current model year. mpg in 2016 (39 mpg for cars, 30 mpg for trucks), or approximately 250 grams CO 2 /mile. Earlier post.)

EPA 150