Kathryn Downey Miller, CFA at BTU Analytics LLC, said that overall in the industry production should continue to increase due to the fact that less-economic activity is being reduced. For example, less-productive wells are being phased out. Producers are also maximizing the use of increased proppant, succeeding on a learning curve. Prices should end the year in the mid-60s, she said at Hart Energy's recent DUG East conference.
Recommended Reading
Salunda Secures Multi-year Jackup Contract in Middle East
2024-05-29 - The contract is the organization’s first jack-up installation in the Middle East.
Oceaneering’s New AUV Successfully Inspects TotalEnergies Pipeline
2024-05-29 - Oceaneering’s Freedom AUV pilot test reduces time, emissions in pipeline inspection campaign for TotalEnergies.
TotalEnergies FIDs Two Developments Offshore Brazil
2024-05-28 - TotalEnergies took FID for two developments offshore Brazil in the prolific Santos Basin where the French energy giant expects its equity production to soon exceed 200,000 boe/d.
Mexico’s Demand for Permian Pipe-gas Likely Here to Stay
2024-05-28 - Permian gas producers exporting piped gas to Mexico can rest assured that demand south of the border will remain robust even under a new Mexican president, Wood Mackenzie says.
E&P Highlights: May 28, 2024
2024-05-28 - Here’s a roundup of the latest E&P headlines, including production start up at a field using an innovative emissions reduction technology.