Drilling activity in the US oil and gas output increased by 51.3pc on an average yearly basis in 2022, driving crude production up to 11.9mn bl/d and marking a 6.4pc increase compared with the 11.2mn bl/d averaged in 2021. The increased output was augmented by US companies completing a large backlog of drilled-but-uncompleted (Duc) wells […]
https://www.rangerminerals.com/wp-content/uploads/2023/03/acfa5e38d46215f0149f9bc22294e78eb55270a9.png4751140Ranger Land and Mineralshttps://www.rangerminerals.com/wp-content/uploads/2020/02/ranger-land-and-minerals-logo.pngRanger Land and Minerals2023-03-16 08:00:332023-09-28 08:13:18US Oil and Gas Output on the Rise
Rystad Energy’s research shows that annual greenfield capital expenditure (capex) broke the $100 billion threshold in 2022. It will break it again in 2023. This is the first breach for two straight years between 2012 and 2013. The company claims that the offshore oil and gas sector is set for “the highest growth in a decade […]
https://www.rangerminerals.com/wp-content/uploads/2023/03/ScreenHunter-2575.png482738Ranger Land and Mineralshttps://www.rangerminerals.com/wp-content/uploads/2020/02/ranger-land-and-minerals-logo.pngRanger Land and Minerals2023-03-15 08:00:132023-09-28 08:13:26Offshore Oil and Gas Set for Growth with $214 bln of Investments in the Pipeline
Oil prices rise by more than 1% on Friday. This is after better-than-expected U.S. employment data. Both benchmarks fell more than 3% on the week on U.S. interest rate hike jitters. Brent rose $1.19, or 1.5%, to $82.78 a barrel. U.S. West Texas Intermediate crude (WTI) was up 96 cents, or 1.3%, at $76.68. Expectations of further […]
https://www.rangerminerals.com/wp-content/uploads/2023/03/LYNXMPEJ2901Y.jpg538800Ranger Land and Mineralshttps://www.rangerminerals.com/wp-content/uploads/2020/02/ranger-land-and-minerals-logo.pngRanger Land and Minerals2023-03-14 08:00:592023-09-28 08:13:31Oil Prices Rise After Buoyant U.S. Payrolls
US Oil and Gas Output on the Rise
IndustryDrilling activity in the US oil and gas output increased by 51.3pc on an average yearly basis in 2022, driving crude production up to 11.9mn bl/d and marking a 6.4pc increase compared with the 11.2mn bl/d averaged in 2021. The increased output was augmented by US companies completing a large backlog of drilled-but-uncompleted (Duc) wells […]
Offshore Oil and Gas Set for Growth with $214 bln of Investments in the Pipeline
IndustryRystad Energy’s research shows that annual greenfield capital expenditure (capex) broke the $100 billion threshold in 2022. It will break it again in 2023. This is the first breach for two straight years between 2012 and 2013. The company claims that the offshore oil and gas sector is set for “the highest growth in a decade […]
Oil Prices Rise After Buoyant U.S. Payrolls
IndustryOil prices rise by more than 1% on Friday. This is after better-than-expected U.S. employment data. Both benchmarks fell more than 3% on the week on U.S. interest rate hike jitters. Brent rose $1.19, or 1.5%, to $82.78 a barrel. U.S. West Texas Intermediate crude (WTI) was up 96 cents, or 1.3%, at $76.68. Expectations of further […]