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World Oil’s 2015 Overview
John Higgins, the publisher of “World Oil” magazine was the speaker at the February meeting of the Houston Chapter of the American Petroleum Institute (API). Predictably, his comments were quite interesting and provocative. While they are not at great variance with what many other analysts have forecast, his are backed up by a wealth of… Read More
Has ND Oil Production Peaked?
The good news is that North Dakota oil production hit an all-time high of 1.23 million barrels per day in December. The bad news is that this level will probably not be surpassed any time soon. “Rigzone” reports that Lyn Helms, the head of the state’s Department of Natural Resources, indicated that while this record… Read More
U. S. Production to Grow through 2020
“Rigzone” reports that according to International Energy Agency’s (IEA) Medium Term Oil Market Report, production in the U. S. will continue to grow throughout this decade, but at a slower rate. The IEA based this on the assumption that crude oil prices will stabilize, but at levels significantly lower than those of the last three… Read More
SCOOP “On Par” with Eagle Ford and Bakken?
According to a recent article in “Rigzone”, consulting firm Wood Mackenzie says “yes”! In their most recent analysis they find that the core areas of the South-Central Oklahoma Oil Province (SCOOP) compare favorably with the Eagle Ford and the Bakken shales. This is partly because the SCOOP, which encompasses parts of the Anadarko and Ardmore… Read More
North Dakota Small Business Owners Still Optimistic
In spite of the recent collapse of crude oil prices, small business owners in the Prairie State remain bullish on their prospects, according to a recent article in “Rigzone”. North Dakota has been one of the fastest growing states in the U. S., and until recently it appeared that the sky was the limit for… Read More
