Falling Prices Hit US Oil, Gas Production

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Daily Data Dump

The good, the bad, and the ugly of Texas oil production.

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Daily Bulletin

Lone Star Stories

Aramco's Oil Forecast: Booming Demand and Energy Chaos

Aramco foresees robust 2023 oil demand from China and India despite global economic woes. CEO Amin Nasser warns of "energy chaos" due to current underinvestment in traditional energy sources.

Crude Awakening: Falling Prices Hit US Oil, Gas Production

US oil and gas production is slowing down due to falling crude and commodities prices, despite signs of demand recovery, according to a survey by the Federal Reserve Bank of Dallas. The future of shale oil production in the US hinges on global economic development and the continuation of demand growth.

Reader Question of the Day

What are some of the properties used to describe reservoir rock?

Reservoir rock properties are essential characteristics that development geologists and reservoir engineers often consider. These properties include porosity, compressibility, and permeability. Porosity is the property that defines the fraction of the rock volume that is occupied by pore volume. This property essentially describes how much of the rock is made up of spaces that can contain fluids like oil or gas. Compressibility, on the other hand, refers to the relative change in the pore volume when pressure is either increased or decreased. It gives an idea of how much the pores in the rock can shrink or expand under different pressure conditions. Lastly, permeability is a measure of how easily liquids or gases can flow through the rock. It essentially describes the connectivity of the pores in the rock and how that affects fluid movement.

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