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re: US crude output to rise to record 12.76 million bpd in 2023

Posted on 8/11/23 at 10:03 am to
Posted by supatigah
CEO of the Keith Hernandez Fan Club
Member since Mar 2004
87528 posts
Posted on 8/11/23 at 10:03 am to
quote:

We have moar oil coming from the same places it has been coming from for the last 10+ years - Eagle Ford, Permian and Bakken...none of which are in any substantial way being "tightened".



granted from my post you quoted but did you not read the next post I made?

quote:

there was a dramatic tightening of oil exploration on Fed lands on day one of the biden admin, the difference was made up on state and private lands and opening up the chokes on producing wells on fed lands
This post was edited on 8/11/23 at 10:07 am
Posted by cwill
Member since Jan 2005
54753 posts
Posted on 8/11/23 at 10:28 am to
quote:

quote:
there was a dramatic tightening of oil exploration on Fed lands on day one of the biden admin, the difference was made up on state and private lands and opening up the chokes on producing wells on fed lands



I read it and my comment was directed at that comment. You know fed lease sales continue (and permitting) and there is not substantial restriction. Further, there is virtually no fed lands in the EF, none in the TX permian, some in NM permian (the reg bottleneck there is the state). In Bakken most of the fed lands (and BIA) has long been leased and developed, but there was a sale in 2022 and may have been another in 2023.

So no substantial constraint.
Posted by Auburn1968
NYC
Member since Mar 2019
19761 posts
Posted on 8/11/23 at 10:36 am to
quote:

here was a dramatic tightening of oil exploration on Fed lands on day one of the biden admin, the difference was made up on state and private lands and opening up the chokes on producing wells on fed lands


And meanwhile, the damn fools pulling his strings want to shutdown fracking among other advanced tools.

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