oil peakers deader than dead as US production soars

[cheka.]

whatever happened to oildrum.com? lmao! fcking peaker shills

oil is the brightest of bright spots for america

https://www.energyglobal.com/downstr...uction-levels/

API has released its monthly statistical report for June 2018, which highlights that US production of crude oil and NGLs hit is highest level ever. In June, production of crude oil hit 10.7 million bpd and production of natural gas liquids hit 4.2 million bpd.

“Record production US crude oil and natural gas liquids last month highlighted the strength of our nation’s energy renaissance,” said API Chief Economist, Dean Foreman. “US oil production has supplied all of the growth in global oil demand so far this year and helped compensate for production losses in some OPEC nations. With continued increases in drilling activity, the US is poised for further production increases in natural gas and oil. Unfortunately, increasing tariffs on steel and other components that are vital to our industry’s infrastructure and operations have emerged as a key challenge. For the energy renaissance to continue, the US natural gas and oil industry critically needs policies that advance energy infrastructure around the country as well as the access of US energy to global markets.”

Highlights from the June 2018 statistical report include:

US petroleum demand year-to-date at its strongest since 2007.
Domestic refineries ran at their highest percent capacity utilisation rate in June (96.6%) since 2005.
Refinery throughput hit a new record of 18 million bpd.
With the record refinery throughput, US petroleum inventories held steady as an accumulation of refined product stocks more than offset the drawdown in crude oil stocks.
Solid economic and energy market fundamentals also underpinned the strongest US petroleum demand since 2007, at 20.6 million bpd.

[cheka.]

https://www.energyglobal.com/upstrea...ral-gas-wells/

US Energy dominance continues with surge in drilled natural gas wells

API has released its quarterly well completion report for the second quarter of 2018 showing a 265% increase in estimated exploratory gas well completions as compared to the second quarter of 2017.

“Today’s report shows the continued growth and strength of US energy production,” said API Chief Economist Dean Foreman. “Right now, the US production is supplying substantially all the growth in oil demand throughout the world. For this growth and dominance to continue, our energy infrastructure must keep pace with production especially in areas like the Permian Basin in Texas and the Bakken in North Dakota that have experienced major growth in natural gas and oil production. Promoting energy infrastructure is critical to ensuring that American consumers, workers and the environment can continue to benefit from increased US energy production that has contributed to our economy and increased our national security.”

API’s latest Quarterly Well Completion Report highlights that in the second quarter of 2018:

The US natural gas and oil industry year to date experienced a 52% increase in drilled footage and a 50% increase in well completions, compared with Q2 2017.
The Exploratory success rate in Q2 2018 was 64.3%.
Total estimated gas well completions increased 76% as compared to Q2 2017.

API is the only national trade association representing all facets of the oil and natural gas industry, which supports 10.3 million US jobs and nearly 8% of the US economy. API’s nearly 620 members include large integrated companies, as well as exploration and production, refining, marketing, pipeline, and marine businesses, and service and supply firms. They provide most of the nation’s energy and are backed by a growing grassroots movement of more than 45 million Americans.

[Cebu_4_2]

Meanwhile... www.gasbuddy.com

[keehah]

Highlights from the June 2018 statistical report include:

US petroleum demand year-to-date at its strongest since 2007.

The theoildrum.com stopped updating in 2013.
Perhaps they got tired of flogging 6 year old news.

[Cebu_4_2]

Kinda hits home...

[woodman]

"oil is the brightest of bright spots for america http://gold-silver.us/forum/images/s...00%20(206).gifoil is the brightest of bright spots for america http://gold-silver.us/forum/images/s...00%20(206).gif"

I don't claim to know shit, but I do know that the decline rates for shale oil is exceedingly steep once production starts. I also know that the production is highly dependent upon fracking which is doing irreparable damage to our ground water. Who knows what chemicals they are injecting into the earth? It's proprietary so they don't say. Gotta put that industrial waste somewhere. If our short lived energy independence is linked to shale then maybe we should be drilling the real stuff which they have obviously set aside for themselves. Gull Island?

[Cebu_4_2]

"oil is the brightest of bright spots for america http://gold-silver.us/forum/images/s...00%20(206).gifoil is the brightest of bright spots for america http://gold-silver.us/forum/images/s...00%20(206).gif"

I don't claim to know shit, but I do know that the decline rates for shale oil is exceedingly steep once production starts. I also know that the production is highly dependent upon fracking which is doing irreparable damage to our ground water. Who knows what chemicals they are injecting into the earth? It's proprietary so they don't say. Gotta put that industrial waste somewhere. If our short lived energy independence is linked to shale then maybe we should be drilling the real stuff which they have obviously set aside for themselves. Gull Island?

Just look at the gulf with thousands of rusting well caps degrading with the salt water.

[cheka.]

"oil is the brightest of bright spots for america http://gold-silver.us/forum/images/s...00%20(206).gifoil is the brightest of bright spots for america http://gold-silver.us/forum/images/s...00%20(206).gif"

I don't claim to know shit, but I do know that the decline rates for shale oil is exceedingly steep once production starts. I also know that the production is highly dependent upon fracking which is doing irreparable damage to our ground water. Who knows what chemicals they are injecting into the earth? It's proprietary so they don't say. Gotta put that industrial waste somewhere. If our short lived energy independence is linked to shale then maybe we should be drilling the real stuff which they have obviously set aside for themselves. Gull Island?

the crown/boe has an opinion

https://www.wsj.com/articles/bhp-bil...ash-1532645832

BP to Buy BHP Shale Assets for More Than $10 Billion

BP acquiring the bulk of BHP’s operations in some of the hottest shale acreage in the U.S.

================================================== ===============================

as for the groundwater pollution claims --- another fail (or corrupt?)

the epa, obomba's epa at that, did a study and concluded no groundwater pollution

[Neuro]

Seems like Obama was the greatest president ever for US oil...
https://upload.wikimedia.org/wikiped..._crude_oil.png

[cheka.]

Seems like Obama was the greatest president ever for US oil...
[img][/img]

his era did remove the export ban