Saturday , October 1 2022

Drills in the US add oil platforms for the fifth week in a row – Baker Hughes | Energy and Oil



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US energy companies this week added oil plants five times in six weeks, bringing the ship's number to the highest level in the last three years, and crude oil production at a record level.

The drums added two oil plants on Sunday to November 16th, bringing the total number to 888, still the highest level since March 2015, according to the fifth closely-monitored report from the company's General Electric Co. Baker Hughes company. RIG-OL-USA-BHI

After the addition of boreholes in the third quarter was stopped at five, drills have added 25 plants so far in this quarter.

The number of US ships, the earlier indicator of future production, is higher than a year ago when 738 units were active, as energy companies spent more this year to increase production to catch prices that are higher in 2018 than 2017.

US crude oil production in seven large shale troughs is expected to grow to 113,000 barrels per day (bpd) at a record 7.9 million bpd in December, largely leading to the rise of the Perm Basin of Texas and New Mexico, US The Energy Information Administration (EIA) said this week.

The EIA also said that the producers drilled 1,577 wells and finished 1,308 in the largest shale basins in October, leaving a total drilled but unfinished well for 269 at a record high of 8,545, according to data coming back in December 2013.

These were the largest wells sources in the month of February 2015, and the brightest in the month of March 2015, according to EIA data.

In the US, they traded about $ 57 a barrel on Friday after falling to the lowest level since November 2017 earlier this week due to the concerns of the global market.

Looking ahead, raw fjučers for the calendar 2019 and the calendar of 2020, both traded about $ 58 per barrel.

The US financial services company Coven & Co said this week that the research and production companies (E & P) that followed provided guidelines suggesting an increase of 25 percent this year in planned capital spending.

Coven said E & Ps who are watching him expect to spend a total of $ 90.0 billion in 2018. This is compared with projected spending of $ 72.2 billion in 2017. Coven said capital spending budgets for the beginning of 2019 were mixed.

Analysts Simmons & Co, energy experts at the American investment bank Piper Jaffrai, predicted this week's average number of combined oil and natural gas from 876 in 2017 to 1,031 in 2018, 1,092 in 2019 and 1,227 in 2020.

Since 1.082 oil and gas appliances are already in use, drills do not need to add any equipment for the rest of the year to hit the Simmons forecast for 2018.

From year to date, the total number of oil and gas equipment that are active in the United States was on average 1,026. It is true that the total figure for 2018 on the road is highest since 2014, which on average amounted to 1,862 plants. Most aggregates produce both oil and gas.

Reporting by Scott DiSavino
Editing Marguerite Choi

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