Brian Scheid
Senior editor, oil news 
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December 17, 2019 15:14 UTC 
(0)
US oil production surged to a record 11.36 million b/d in August 2018, more than a 2.11 million b/d increase from the previous year. Four months later, US oil output would break the 12 million b/d mark for the first time. The US Energy Information Administration (EIA) forecasts that US oil output may have broken the 13 million b/d threshold just last month. |
Starr Spencer
Senior Writer
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March 19, 2018 09:15 UTC
(1)
Will rapidly rising oilfield service costs derail efforts by companies to maintain fiscal austerity while hitting their production targets? That question emerged as a major theme during fourth-quarter earnings calls, and analysts say the answer is an emphatic no. WTI oil prices that have risen from a 2015-2017 average of $48/b to roughly $60/b have buoyed the industry and settled a blanket of confidence over oil company boardrooms. |
John-Laurent Tronche
Market Engagement Manager, Europe & Africa
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August 22, 2017 05:01 UTC
(0)
The Louisiana Offshore Oil Port is marketing a revised specification for oil stored in one of its eight underground caverns that will allow US light sweet crudes Midland Sweet and Bakken to be delivered alongside Eagle Ford and several West African grades, market sources said. Bakken, crude, crude oil, Eagle Ford, In the LOOP, LOOP, LOOP Sour, Midland, North Dakota, oil, Permian, shale, shale oil, Texas, US, US Gulf Coast, WTI
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Meghan Gordon
Senior writer, oil
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March 16, 2017 06:01 UTC
(4)
Oil will likely flow through the Dakota Access Pipeline under Lake Oahe in North Dakota early next week. Barring any more twists or turns — and there have been plenty in the last seven months of this project — the contentious 470,000 b/d crude oil pipeline will start commercial service very soon thereafter. It will open up a major new route for Bakken and Three Forks production to flow to Illinois and onto the Texas Gulf Coast. |
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Meghan Gordon
Senior writer, oil
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September 13, 2016 14:00 UTC
(2)
Richard Kauzlarich was among the Washington energy policy watchers surprised by the Obama administration’s 11th-hour halt to the Dakota Access oil pipeline, September 9. The contentious pipeline project reminded him of another energy era in a very different part of the world. |
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Brian Scheid
Senior editor, oil news |
June 27, 2016 05:01 UTC
(1)
About nine months ago, analysts at Petrologica began questioning the oil production data coming out of North Dakota. |
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Brian Scheid
Senior editor, oil news
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February 19, 2016 00:01 UTC
(0)
For months, analysts have said that reports of the death of the Bakken oil boom have been greatly exaggerated. Despite the historic collapse in oil prices and North Dakota’s rig count falling to levels not seen since 2009, producers have largely maintained steady supply levels as they employed better technology in the most promising geology. Bakken, costs, crude, crude oil, markets, North Dakota, oil, oil fundamentals, prices, production, shale, upstream, US
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Brian Scheid
Senior editor, oil news
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January 26, 2016 00:01 UTC
(0)
When North Dakota oil production broke above 1 million b/d for the first time in April 2014, many expected that the 2 million b/d threshold would be breached in relatively short order. With WTI spot prices averaging over $100/b in the months that followed, some even speculated that 2 million b/d may be too modest of a goal for a state in the throes of a shale oil renaissance. But prices, and those expectations, have come crashing down. |
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Brian Scheid
Senior editor, oil news
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October 13, 2015 00:01 UTC
(0)
In July, North Dakota produced just over 1.2 million b/d of crude oil, down just over 9,400 b/d from the previous month and down nearly 26,000 b/d from the all-time high of about 1.23 million b/d the state set in December 2014. The decline in Bakken production is hardly surprising considering the dramatic cuts producers have made in response to the sustained drop in oil prices, nor is it a particularly severe drop. But state regulators are scrambling for options to sustain North Dakota production above that 1.2 million b/d level and prevent supply from falling along with the state’s rig count. The state is expected to unveil production figures for August this week. |
Janet McGurty
Senior oil writer
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September 30, 2015 00:01 UTC
(0)
What will get North Dakota drivers back on the road? On Monday, the US Department of Transportation released its July 2015 Traffic Volume Trends, showing every state posting a year-over-year increase in vehicle miles traveled – except for one. |
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