US shale production is only 600,000 barrels per day below the pre-pandemic peak, with nice increases this month in every region. The problem is that it's the only production sector that is growing at all.
Oil
Oil
Monday, July 18, 2022
US shale production is now back to within 200,000 barrels per day of the pre-pandemic all-time highs. It's mostly thanks to a production breakout in West Texas's might Permian. Go MOJO!
Oil
Monday, June 13, 2022
Progress, progress. Production in the Permian punches out to new highs again. And the DOE brings forward one month, to July 2023, its forecast for when overall US production re-attains the pre-pandemic peak.
Oil
Monday, May 16, 2022
New production across all shale plays pushes out to a new post-pandemic high. Meanwhile, loss from legacy shale wells is unchanged. Good news.
Oil
Monday, April 18, 2022
For the fifth month in a row, the US is once again a net exporter of petroleum -- crude oil (exports flat) and refined products (exports soaring).
Oil
Monday, March 14, 2022
The Department of Energy has radically upgraded its forecast for year-ahead US production. An industry response to high prices? Or political expediency?
Oil
Monday, February 14, 2022
The US shale comeback continues. Production and production forecasts are up. Rigs are up. Prices are up. It's a wonderful world.
Oil
Tuesday, January 18, 2022
Slow and steady. US shale production rises 82,000 barrels per day this month, a new post-pandemic high 1.6 million barrels above the May 2020 bottom.
Oil
Tuesday, December 14, 2021
The world of oil is looking almost normal, with global consumption within 3% of its pre-pandemic levels (after last-years hard-stop) and global inventories at, or even below, OPEC's targets (after last year's glut).
Oil
Tuesday, November 16, 2021
Made it at last! New all-time high production in the Permian. Texas forever! Go mojo!