The charts and data below explain the primary driver of lower energy prices.
The amount of natural gas produced per rig in the Marcellus Region has increased 8-fold over the last five years, from a million cubic feet per day in 2009 to 8 million cubic feet per estimated by next month.
The combined daily oil output in America’s three largest oil fields – the Bakken, Eagle Ford and Permian Basin – has increased from 1 million barrels per day (bpd) in 2007 to more than 2 million bpd by late 2011, to more than 3 million bdp at the end of 2013, to more than 4 million bpd in May of this year, and all the way to 4.6 million bpd projected by next month.
(via Mark Perry)
No comments:
Post a Comment