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...Exxon confirmed talks were ongoing with Chevron and Hess and said the company “owe[d] it to our investors and partners to consider our pre-emption rights”....
...Exxon confirmed talks were ongoing with Chevron and Hess and said the company “owe[d] it to our investors and partners to consider our pre-emption rights”. Read more here...
...Good morning and welcome back to Energy Source, coming to you from Houston....
...WhatsApp to Susan: Great job. I won’t forget this when we get to bonus season. And keep those primers coming. WhatsApp to WesPete: Yes I’d be delighted to join your informal advisory group....
...Now the US produces almost 20mn b/d of petroleum, roughly on par with consumption. Imports from the Gulf have plummeted, and the US became a net oil exporter for the first time in 2019....
...It also hand-picked its judge: Robert D. Drain, the only bankruptcy judge sitting in the White Plains Division of the Bankruptcy Court for the Southern District of New York....
...Houston Hall, on 222 West Houston St. Nearest subway stop is Houston Street Station on the 1 line, but West 4th St (A, C, E, B, D and F lines) is just a short walk away. How much? $20 per person....
...Good morning and welcome to Energy Source, coming to you this morning from a bustling CERAWeek conference in Houston....
...Six of these will produce more than 700,000 boe/d each — more than some Opec member countries....
...The figure was up from 12.96 b/d in July and surpassed the previous monthly record of 13mn b/d set in November 2019....
...“We figured at some point over the next few years, we’d start to see a downturn [in gas use]....
...It produced 1.16mn b/d in the US in the quarter versus 895,000 b/d previously, boosted in part by its acquisition of PDC Energy....
...Output slipped in January before returning to around 105bn cu ft/d again in early February....
...Exports equivalent to 11.8bn cu ft/d in 2023 should rise to 12.4bn cu ft/d in 2024 and 14.4bn cu ft/d in 2025....
...Six companies will each produce more than 700,000 boe/d — more than some Opec member countries....
...EQT, which ranks as the top gas producer in the country, produced 5.4bn cu ft/d....
...The country pumped 13.3mn b/d of oil in November, the last month for which data is available from the Energy Information Administration, more than any country in history....
...About 10bn cu ft/d of LNG capacity is due to come online in the US over the next 36 months, according to consultancy Enverus....
...“Another reason [for the industry’s decline] is historical,” said Susan Schoenian, sheep and goat specialist emeritus at the University of Maryland Extension....
...At new wells in the Permian, average oil production per drilling rig has increased to 1,319 b/d. A decade ago the figure was about 183 b/d....
...In that moment, he was closer than he’d ever been to blurting it out. “And then what happens?...
...Susan, I’d like to hear your views on this, but I think you probably agree quite different to Trump coming in January 2017. Trump coming in January 2025 would be a different scale of problem....
...Exxon forecasts oil production of 3.8mn oil-equivalent barrels a day in 2024, compared with 3.7mn b/d this year....
...These data reinforce that message,” said Susan Galbraith, executive vice-president of oncology R&D at AstraZeneca....
...Endeavor pumped 391,000 boe/d in the Permian in August, according to Rystad, leaving it neck and neck with Mewbourne for the title of the biggest US private player outside Alaska....
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