"Helped by higher prices, total oil production has hit a record level in the US, reaching a combined 15.9 million b/d (crude oil and NGLs) in the past month and almost 2mn b/d above last year".
"The larger-than-expected surge in North American oil volumes has come primarily from the Permian, Canada's oil sands, and more recently, the Gulf of Mexico".
"Notably, this surge in North American oil production is only set to accelerate, and according to Bank of America forecasts US crude oil volumes alone will exceed 12MM b/d in 2019".
Edited 1 time(s). Last edit at 13-Nov-18 20:35 by solaremp.
|As Of October 2018, The US Is Now Energy Independent||319||solaremp||13-Nov-18 20:33|