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Weekly US oil production hit 11.7 mil barrels per day, new record

Posted on 11/16/18 at 8:18 am
Posted by trinidadtiger
Member since Jun 2017
13301 posts
Posted on 11/16/18 at 8:18 am
Fellas,

Oil production had gone up 20% vs year ago, and the same with gas. When you look at the base a year ago, this is insane total barrel growth.

Combine this with the pipelines and liquified natural gas plants under construction....we are the 800 pound gorilla...and we aint sitting in the corner.
Posted by member12
Bob's Country Bunker
Member since May 2008
32089 posts
Posted on 11/16/18 at 8:19 am to
Winning!!!
Posted by VolsOut4Harambe
Atlanta, GA
Member since Sep 2017
12856 posts
Posted on 11/16/18 at 8:20 am to
Oilfield baws finna upgrade to brass truck nuts!
Posted by Powerman
Member since Jan 2004
162198 posts
Posted on 11/16/18 at 8:21 am to
And oil prices have plummeted as a result

Posted by TenWheelsForJesus
Member since Jan 2018
6459 posts
Posted on 11/16/18 at 8:23 am to
Works for me.
Posted by JackieTreehorn
Malibu
Member since Sep 2013
29032 posts
Posted on 11/16/18 at 8:25 am to
Aiden and Brayden are going to have a wonderful Christmas.
Posted by waiting4saturday
Covington, LA
Member since Sep 2005
9713 posts
Posted on 11/16/18 at 8:29 am to
You’re welcome for the cheap gasoline.
Posted by cwill
Member since Jan 2005
54752 posts
Posted on 11/16/18 at 9:22 am to
quote:


Weekly US oil production hit 11.7 mil barrels per day, new record


quote:

Oilfield baws finna upgrade to brass truck nuts!


Posted by LSUvet72
Member since Sep 2013
11780 posts
Posted on 11/16/18 at 9:28 am to
Cheap fuel means more trips to places unknown


Posted by Zach
Gizmonic Institute
Member since May 2005
112410 posts
Posted on 11/16/18 at 9:31 am to
2.19 in Shreveport. What ya'll got?
Posted by IllegalPete
Front Range
Member since Oct 2017
7182 posts
Posted on 11/16/18 at 9:32 am to
Oil field baws fitna be unemployed again in 3 months.

Company men have been making the rounds the last few weeks, this drilling party is coming to an end
Posted by redneck hippie
Stillwater
Member since Dec 2008
5574 posts
Posted on 11/16/18 at 9:48 am to
quote:

2.19 in Shreveport


same in Tulsa
Posted by HubbaBubba
F_uck Joe Biden, TX
Member since Oct 2010
45707 posts
Posted on 11/16/18 at 10:05 am to
quote:

Aiden and Brayden are going to have a wonderful Christmas.
Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
89481 posts
Posted on 11/16/18 at 10:06 am to
Muh peak oil.
Posted by cwill
Member since Jan 2005
54752 posts
Posted on 11/16/18 at 10:16 am to
quote:

Oil field baws fitna be unemployed again in 3 months.

Company men have been making the rounds the last few weeks, this drilling party is coming to an end



Maybe some marginal fields/production, but $55-$57/bbl is still very economic in the Eagle Ford and Permian where the boom in production is centered...and really where all the money is going for investment.
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