Tag Archives: oil production

Talos Energy Announces Early Production Start Of Mt. Providence Well Near The Top Of Production Guidance Range

Talos Energy Inc. (“Talos” or the “Company”) (NYSE: TALO) today announced that the Mt. Providence well began producing on July 10, 2018, approximately 60 days ahead of the originally scheduled completion date in early September. Current gross production of 3,850 barrels of oil equivalent per day (“Boe/d”), which is near the top of the previously […]

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Permian 3.0 Shows U.S.’s Biggest Oil Field May Have More to Give

  Call it Permian, version 3.0. That’s how Tim Dove, who leads Pioneer Natural Resources Co., refers to new well designs his company says are now pumping 35 percent more oil than their predecessors. And Pioneer’s not alone: Rivals are also boasting of huge improvements resulting from new-look technology, indicating that the biggest U.S. oilfield […]

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$100 Oil is Back on the Table as OPEC Stays Strong on Tightening Production Limits

Oil prices will rise to $100 per barrel if Saudi Arabia gets its way. Only a week ago, news surfaced that Saudi officials were quietly hoping to push oil prices up to $80 per barrel, which would help boost the valuation of Saudi Aramco IPO. But why not $100 per barrel? Reuters reports that Riyadh […]

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The Bakken Is Booming Once Again!

The Permian has been stealing headlines and analyst attention over the past year, and rightly so, as it’s the only U.S. shale play that continued to grow even when all others suffered during the downturn. But higher oil prices over the past few months have prompted drillers to grow production not only in the Permian, […]

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Why Reality Dictates A Price War

William Edwards posted 1-4-16 I would like to welcome you to the real world of the commercial oil business. Be careful, though, before you accept my invitation as it might result in a change in your thinking. First, let us recognize that there are two oil worlds: the political one and the physical one. Both […]

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Frackers Can Still Rule The World’s Oil Markets

This is an Op-Ed that was published In MEES this week, written By Bernhard Hartmann and Saji Sam. The views expressed are strictly those of the authors, and do not represent those of MEES When ‘Abd Allah al-Badri, Secretary General of the Organization of Petroleum Exporting Countries (OPEC), recently said the cartel’s decision to continue […]

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