Peak oil? Say What? Charles Kennedy is reporting that US crude oil output hits record in April. Wow. Link here. The EIA page shows 13.468 million bopd. US field production of crude oil has exceeded 13 million bopd for the past 21 months with one exception, January, 2024, 12.554 million bopd.
U.S. crude oil production surged to an all-time high of 13.24 million barrels per day (bpd) in April, according to newly released data from the Energy Information Administration.
The increase of 0.4% over March volumes reinforces America’s standing as the world’s top oil producer and follows months of steady gains driven by improved drilling efficiencies and stronger prices.
Texas led the charge with an output of 5.7 million bpd, up 1.6% from March, while New Mexico, the second-largest producing state, posted a 0.7% increase to 1.95 million bpd. Gulf of Mexico volumes dipped slightly, but the national gain offset offshore slippage.
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Back to the Bakken
Back to the Bakken
WTI: $64.78. Right back where we started.
Active rigs: 32.
Five new permits, #42067 - #42071, inclusive:
- Operator: Phoenix Operating
- Field: Skabo (Williams County)
- Comments:
- Phoenix Operating has permits for five Terry Nelson wells, lot 2, section 3-159-98,
- to be sited 410 FL and 2184 / 2304 FEL.
Two permits renewed:
- KODA Resources, two Stout permits, Fertile Valley, Divide County;
