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

Green Car Congress

The US Energy Information Administration (EIA) August Short-Term Energy Outlook (STEO) forecasts that US crude oil production will average 10.7 This national increase is almost entirely driven by tight oil. Lower wellhead prices in the region are contributing to slower growth in Permian crude oil production in 2019 compared with 2018.

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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.

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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

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 in 2017.

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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.

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EAA National Board nominations from across North America

Electric Auto Association

He recognizes the diminishing power of the oil and gas industry, and embraces the imminent future of electrically powered transportation. About Joe: Joe has driven electric since 2017 with two BMWs: i3 REX and X5 40e. Writing a grant to fund the expansion of 15 Level 2 community chargers within the city of Las Cruces, New Mexico.

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EAA National Board nominations from across North America

Electric Auto Association

He recognizes the diminishing power of the oil and gas industry, and embraces the imminent future of electrically powered transportation. About Joe: Joe has driven electric since 2017 with two BMWs: i3 REX and X5 40e. Writing a grant to fund the expansion of 15 Level 2 community chargers within the city of Las Cruces, New Mexico.

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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

Whether charging with direct or alternating current, the new solutions from Audi for all-electric cars and plug-in hybrids will be extremely convenient for customers. Market launch is scheduled to begin in 2017. The company hopes to launch AWC in 2017. Another project is underway in Hobbs (New Mexico, USA).

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