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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 cwill
Posted on 8/11/23 at 10:03 am to cwill
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 on 8/11/23 at 10:28 am to supatigah
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 on 8/11/23 at 10:36 am to supatigah
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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