Swing Producer Or "Most Responsive Producer"? -- February 6, 2018 - Hallo friendsMY LIVE MY WAY, In the article you read this time with the title Swing Producer Or "Most Responsive Producer"? -- February 6, 2018, We have prepared this article for you to read and retrieve information therein. Hopefully the contents of postings Article my style, Article my way, Article New ways, Article their way, We write this you can understand. Alright, good read.

Title : Swing Producer Or "Most Responsive Producer"? -- February 6, 2018
link : Swing Producer Or "Most Responsive Producer"? -- February 6, 2018

Swing Producer Or "Most Responsive Producer"? -- February 6, 2018

Permian is now seen as #2; second to Saudi Arabia for "spare oil output capacity -- Bloomberg via Rigzone:

The U.S.’s Permian Basin is looking like Saudi Arabia, with as much as 1 million barrels of spare oil capacity ready to go into production, according to Nansen Saleri, former head of reservoir management at Saudi Aramco, the world’s largest crude exporter.

Oil producers in the Permian Basin have at least a combined 500,000 barrels a day of idle oil production capacity, according to Saleri, who is now chief executive officer of Houston-based consultant Quantum Reservoir Impact. Saudi Arabia’s spare capacity is about 1.5 million barrels a day.

The Permian Basin of Texas and New Mexico is the engine for U.S. shale production and acquisitions, helping to increase U.S. output to more than 10 million barrels a day in November for the first time in more than four decades.

Exxon Mobil Corp. is spending billions to triple output by 2025 from the Permian, where its costs are as low as $15 a barrel.

Unsaid: the Bakken can easily ramp up similarly. By the way, does anybody really believe Exxon's new play (currently very little infrastructure in place) has a break-even as low as $15/bbl?
 
Swing producer, previous posts:

• Moving from "swing producer" to "most responsive producer", November 21, 2017
• The global market no longer has any swing producer, February 1, 2017
• The definition of a swing producer, February 25, 2016
• The US is now the swing producer, August 16, 2015
• The baton has been passed; the US is now the swing producer, January 24, 2015

http://ift.tt/2dZyQXu

Thus Article Swing Producer Or "Most Responsive Producer"? -- February 6, 2018

That's an article Swing Producer Or "Most Responsive Producer"? -- February 6, 2018 This time, hopefully can give benefits to all of you. well, see you in posting other articles.

You are now reading the article Swing Producer Or "Most Responsive Producer"? -- February 6, 2018 with the link address https://mylivemyidea.blogspot.com/2018/02/swing-producer-or-most-responsive.html

Tweet

Subscribe to receive free email updates: