And this doesn’t include anything in the D-J.
We are a nation rich in energy, poor in leadership.
Thank you for posting!
At what point will these increased supplies start translating into lower consumer prices and / or USA energy independence?
My oldest Son took a long time deciding what he wanted to do once he got out of the Navy. From Vegas police to Federal Mar shall. By the time he got out Dec2012 he had decided he wanted to be a directional drilling operator. He said it might take him ten years or more. He got picked up at Weatherford as a tech tearing down oil tools. This Apr he made field engineer. He is now on a rig in Eagle Ford. He supported one in Balken. The rest have been in Tx.
I went to EIA here http://www.eia.gov/petroleum/drilling/#tabs-summary-2
and looked up monthly oil production in thousands of barrels for the Permian basin. I don’t know what part of this is seasonality but one thing does stand out. There has been a steady rise this year in oil production which coincides with the rise in the number or rigs and horizontal wells
30 jul 2014
23 jun
21 may
13 april
11 mar
7 feb
6 jan 2014
1 dec
0 nov
1 oct 2013
Amazing! Higher oil prices support higher cost of production? Someone should call an economist.
Hey ... where’s the Oklahoma map ... half the state is cut out ...