article thumbnail

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

Green Car Congress

Crude oil production in the US Permian Basin is expected to increase to an estimated 2.4 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. million b/d) in that month. million b/d) in that month.

Oil 170
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 This estimate is for continuous (unconventional) oil, and consists of undiscovered, technically recoverable resources.

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

In its latest edition of the Short-Term Energy Outlook , the US Energy Information Administration (EIA) forecasts that US crude oil production will average 10.3 EIA also forecasts that 2019 crude oil production will rise further to an average of 10.8 US crude oil production averaged an estimated 9.3 million b/d set in 1970.

2018 207
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

Kinder Morgan to invest ~$1B on new CO2 system for EOR

Green Car Congress

The new Lobos Pipeline will have an initial capacity of 300 million standard cubic feet per day and will support current and future enhanced oil recovery (EOR) projects owned by Kinder Morgan and other operators in the Permian Basin of West Texas and eastern New Mexico. Johns field.

CO2 278
article thumbnail

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

Green Car Congress

Cool Planet’s patented technology comprises three main components: Biomass Pyrolysis: Hemi-cellulosic or lignocellulosic biomass is processed through a mechanical biomass fractionating system that uses pressure and heat to create streams of useful hydrocarbon components (bio-oil or pyrolysis oil).

article thumbnail

Audi highlights its range of electrification efforts; Q7 diesel PHEV, A7 fuel cell PHEV, BEV, 48V and more; 750 Wh/l by 2025

Green Car Congress

The Q7 PHEV will arrive in dealerships in Germany in 2016, and will likely come to the US, although perhaps with a gasoline-engine variant. Scheduled to launch in late 2016, the A4 Avant g-tron is yet another offer from Audi for the sustainable mobility of the future. Another project is underway in Hobbs (New Mexico, USA).

Audi 150