United States ** The Texas oil industry is bracing for potential margin pressure as President Trump pledges to push crude prices toward $50 per barrel and increase U.S. access to Venezuelan oil, a move analysts say could make breakeven economics even more challenging for producers. ** In her first official action as governor, New Jersey …
Tag: crude oil production
EIA data shows new wells offset declines in Lower 48
Data source: Enverus Note: Well vintage is the year a well first begins producing crude oil or natural gas EIA report: new wells offset steep decline rates As U.S. crude oil and natural gas production have increased, so has the volume of production declines from existing wells.Additionally, steep decline curves continue to reshape capital allocation across unconventional basins. …