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USTMA report finds that recycling of end-of-life tires dropped from 96% in 2013 to 76% in 2019

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While the number of scrap tires generated each year grew by almost 7%, the total number of scrap tires recycled or reclaimed has not significantly changed since 2017.

2019 397
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EIA: US Permian Basin oil production and resource assessments continue to increase

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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 of 21 April 2017, the number of rigs in the Permian Basin reached 340, or 40% of the 857 total oil- and natural gas-directed rigs operating in the United States.

Oil 170
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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

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million barrels per day (b/d) in 2017 and is estimated to have averaged 9.9 Increased production from the Permian region in Texas and New Mexico accounts for 0.8 million b/d of crude oil production growth from December 2017 to December 2019. million b/d increase from estimated December 2017 levels. million b/d.

2018 207
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EIA: Permian region expected to drive US crude oil production growth through 2019

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In particular, the Permian region in western Texas and eastern New Mexico is expected to account for more than half of the growth in crude oil production through 2019. EIA forecasts Federal Offshore Gulf of Mexico (GOM) production to grow by 158,000 b/d in 2019 to average 1.9 EIA expects Permian regional production to average 3.3

2019 236
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GlobalData: best performing wells in Permian break-even at as low as US$22 per barrel

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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. On 25 June, the price of a 42-gallon barrel of West Texas Intermediate Crude (WTI) was $68.08.

Oil 236
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Delek sells AltAir renewable diesel/jet business to World Energy for $72M

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million, taking into consideration estimated working capital, Delek US’ portion of the biodiesel tax credit for 2017, and deal costs. The convenience store retail business is the largest 7-Eleven licensee in the United States and operates approximately 300 convenience stores in central and west Texas and New Mexico.

Renewable 150
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USDA to invest up to $100M to boost infrastructure for renewable fuel use; seeks to double number of higher blend ethanol fuel pumps

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USDA has supported efforts to build six new biorefineries to produce advanced biofuels in Louisiana, Georgia, Oregon, Nevada, North Carolina, and Iowa, in addition to two existing facilities in New Mexico and Florida previously supported by the program.

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