Green Car Congress
NOVEMBER 14, 2014
With oil prices low and showing no sign of an immediate rebound, the industry is beginning to pull back on spending. Oil prices have dropped around 30 percent since summer highs, raising fears among producers across the globe. Yet, many oil majors are relatively diversified, with large holdings downstream.
Green Car Congress
APRIL 27, 2017
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. million b/d) in that month.
Green Car Congress
JANUARY 24, 2017
If West Texas Intermediate (WTI) crude oil prices stabilize at or above $60 per barrel, major parts of the United States shale sector that are currently dormant will ramp up, according to an analysis by experts in the Center for Energy Studies at Rice University’s Baker Institute for Public Policy. Baker III and Susan G.
Green Car Congress
MARCH 5, 2015
Those claiming that oil will continue to fall from here and remain low for evermore, however, are flying in the face of both history and common sense. The question we should be asking ourselves is not if oil prices will recover, but when they will. History tells us that the price of oil will bounce back, but so does basic logic.
Green Car Congress
JUNE 27, 2018
A GlobalData analysis of recent wells for 26 operators in the Permian basin indicates a break-even oil price range from US$21 to US$48 per barrel with lateral lengths ranging from 4,500 ft to 10,500 ft. On 25 June, the price of a 42-gallon barrel of West Texas Intermediate Crude (WTI) was $68.08.
Green Car Congress
AUGUST 31, 2016
The collapse of oil prices has ground shale drilling to a halt, but the one region where drilling is still active, and even increasing, is in West Texas. The West Texas shale basin has captured two-thirds of the 90 oil rigs that have been added since hitting a nadir in May. by Nick Cunningham of Oilprice.com.
Green Car Congress
JULY 18, 2020
Projections of the evolution of COVID-19 pandemic trends show that lockdowns help to reduce COVID-19 transmissions by as much as 90% compared with the baseline without any social distancing in Austin, Texas. However, this unprecedented phenomenon could last for a few years: Kissler et al. Nat Energy doi: 10.1038/s41560-020-0662-1.
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