Locator: 48497PEAKOIL.
WTI: $75.96.
Sunday, September 1, 2024: 76 for the month; 132 for the quarter, 456 for the year
40477, conf, CLR, Clover 5-10H,
40460, conf, Slawson, SnakeEyes 6-20-29H,
Saturday, August 31, 2024: 74 for the month; 130 for the quarter, 454 for the year
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RBN Energy: oil explorers plan for production growth in US Gulf of Mexico.
Crude oil production in the U.S. Gulf of Mexico (GOM) is poised for a growth spurt through 2030 even as producers brace for a host of challenges, not least from forecasts that global oil demand will subside in the long term. But while the GOM’s supply accounts for a relatively small portion of total U.S. production, exploration and production companies (E&Ps) haven’t lost interest, in part because the Gulf offers key crude grades in high demand. In today’s RBN blog, we examine what is stoking the renewed interest in developing the GOM.
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