Thanks to Efficiency, American Energy is Surging
Posted May 13, 2014
New Projections Show Oil Production Soaring as Rigs Boost Efficiency
FuelFix Blog: Oil production will continue to soar in the six major U.S. shale plays, with more barrels pumped per rig, according to federal projections released Monday.
Total oil production in the six regions is expected to grow to 4.43 million barrels per day in June, an increase of 75,000 barrels per day compared to May, according to the U.S. Energy Information Administration. The federal agency expects oil rigs will produce an average of 271 barrels per day each, an increase of one barrel over May.
The projection reflects the growing efficiency of rigs since the U.S. energy boom began. In June 2007, each rig produced an average of just 116 barrels per day in the most efficient region, the Bakken Shale.
The United States is home to more than half of the world’s approximately 3,400 operating rigs, though rig counts have declined or stagnated in many of the major drilling regions amid improved efficiency.
Read more: http://bit.ly/1jo38vF
More industry news:
Top 10 Reasons that President Obama Should Stop Neglecting America’s ‘Economic Miracle State’ http://bit.ly/1sEiL9x
Report: Export Boom Will Boost Houston Job Growth: http://bit.ly/1g3OX43
Oil and Natural Gas: Job Producing Industries Good for America: http://bit.ly/1hK6Yj2
Editorial: Mancos Shale Boom Could Fund New Mexico’s Future: http://bit.ly/1jD1Y4u
Developing Sound Refinery Energy Policy: http://bit.ly/1gkyE3b
More Drillers Exploring Utica Shale: http://bit.ly/1jD1ICC
About The Author
Mary Schaper is a Digital Communications Manager for the American Petroleum Institute. She previously worked on Capitol Hill for the Senate Energy and Natural Resources Committee as Digital Director and for Senator Lisa Murkowski. Before coming to D.C., she spearheaded digital strategy for Murkowski's successful Senate write-in campaign in 2010. Schaper enjoys traveling and taking in the local culture alongside her husband, their son and loyal springer spaniel.
- Natural Gas, Our Air and Our Modern Lifestyles
- Hoops - Higher, Faster, Better Thanks to Energy
- Shifting Into Drive, Powering Past Impossible
- ‘Power Past Impossible’ Hits New York’s Times Square
- Supporting the Greater Good in Our Communities
- Natural Gas, Oil and Animal Orthotics: Making the Impossible Possible
Stay informed: Sign-up for our weekly newsletter