Record oil and gas production makes America more secure
The EIA estimated that US crude oil production reached “an all-time high in December of more than 13.3 million barrels per day.
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The EIA estimated that US crude oil production reached “an all-time high in December of more than 13.3 million barrels per day.
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Chevron Corp. beat earnings estimates and raised dividends after posting record oil and natural gas production.
As per the report from the US EIA, the US claimed the title of the largest global crude oil producer in 2022.
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Production in Utah’s oil-rich Uinta Basin is at an all-time high. Texas oilman Jim Finley is credited with opening the floodgates.
Another good year for Texas oil companies boosted state coffers in 2023, yielding a record $26.3 billion in taxes and state royalties.
Explore the world of ORRI investments: learn how they offer passive income in the energy sector. Discover advantages, risks, and strategies for success. Make informed decisions for a diversified portfolio.
Operators in the Permian Basin continued leading the US both in growth and overall production of oil and gas.
Merger and acquisition activity among exploration and production companies hit $144B in the fourth quarter alone and $190B for 2023.
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