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USA EIA Reveals Latest USA Crude Oil Production Forecast

Rigzone

crude oil production, including lease condensate, will average 13.37 crude oil production, including lease condensate, would come in at 13.42 Five of those were in 2023, 11 were in 2024, and four were in 2025, according to the data page, which showed that the highest monthly U.S. In its July STEO, the EIA projected that U.S.

Crude Oil 101
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Oklahoma Operations of Key Oil & Gas Companies (2025)

Oil Gas Leads

private) (N/A – private; high gas focus) (N/A – private) ~7–9 rigs in Oklahoma (2025) (21 wells drilled in 2023) Note: MBOE/d = thousand barrels of oil equivalent per day. For example, in the Cleveland formation (Western Anadarko) , Mewbourne doubled its new well count from 11 wells in 2022 to 21 wells in 2023.

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Inpex Granted Production Concession for UAE Block

Rigzone

As the block’s operator, Inpex said it discovered multiple conventional oil, condensate and gas layers through the drilling of exploratory wells conducted since May 2021. The commissioning work follows the construction of the project’s plant facilities in July 2023, Inpex said.

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Santos Q2 Revenue Slightly Hit by Lower Oil Prices

Rigzone

The field had already stopped supplying natural gas to Darwin LNG late 2023 due to depletion but Santos said in 2024 Bayu-Undan would continue sending gas to Australia’s Northern Territory until the end of that year. million barrels, but condensate sales dropped from 1.14 Domestic gas sales rose from 45.8 petajoules in Q1 to 51.2

Oil 79
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Santos Q2 Revenue Slightly Hit by Lower Prices

Rigzone

The field had already stopped supplying natural gas to Darwin LNG late 2023 due to depletion but Santos said in 2024 Bayu-Undan would continue sending gas to Australia’s Northern Territory until the end of that year. million barrels, but condensate sales dropped from 1.14 Domestic gas sales rose from 45.8 petajoules in Q1 to 51.2

Barrel 79
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EIA Sees USA Crude Oil Production Rising in 2025

Rigzone

crude oil production, including lease condensate, rising to an average of 13.42 Five of those were in 2023, 11 were in 2024, and four were in 2025, according to the data page, which showed that the highest monthly U.S. Image by zhengzaishuru via iStock The U.S. million barrels per day in 2025. million barrels per day to the 13.42

Crude Oil 108
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Russia Targets Major Surge in Natural Gas Exports by 2050

OilPrice

Russia sees its pipeline and LNG overseas deliveries surge from 146 billion cubic meters (bcm) in 2023 to 293 bcm in 2030, and further up to 438 bcm by 2050. Crude oil and condensate production is targeted to increase from 531 million metric tons per year, or 10.66 million barrels per day (bpd), in 2023 to 540 million tons, or 10.8