Remove 2021 Remove BBL Remove Exploration and Production
article thumbnail

Geopolitical tensions and oil prices rise due to the Iran-Israel conflict

Enverus

EIR maintains that the fair value of oil should be in low $80s, if based purely on OECD crude and product stock levels. SPR remains ~200 MMbbls below 2021 levels. EIR maintains that softer balances will come 2H25 and that Brent prices will average $65/bbl for the rest of the year.” Geopolitical premium?

Oil 130
article thumbnail

Austin Chalk Makes a Comeback: EOG, SM, Magnolia Lead South Texas' Next Gas Boom

Rextag

Energy Information Administration (EIA), gas production in the Eagle Ford region is expected to rise from 6.8 Bcf/d, while oil output from the formation has increased by 26,000 barrels per day ( bbl /d). EOGs Dorado wells consistently deliver strong initial production (IP) rates, ranging from 20 to 24 MMcf /d over 24-hour tests.

Gas 52
article thumbnail

Austin Chalk Makes a Comeback: EOG, SM, Magnolia Lead South Texas' Next Gas Boom

Rextag

Energy Information Administration (EIA), gas production in the Eagle Ford region is expected to rise from 6.8 Bcf/d, while oil output from the formation has increased by 26,000 barrels per day ( bbl /d). EOGs Dorado wells consistently deliver strong initial production (IP) rates, ranging from 20 to 24 MMcf /d over 24-hour tests.

Gas 40