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Barrel Hub
June 15, 2023
This is Follow The Money, an oil and gas newsletter from the team at:
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Daily Data Dump
The good, the bad, and the ugly of Texas oil production.
Best of the Best 🏆️
Every week, we sift through our proprietary data to find the best performers in Texas.
Never Quit 😢
Similarly, we find the oil producers who need a little help (i.e. call Barrel Hub).
If you’re wondering how we get this information, we’re under strict orders from OPEC not to disclose that (but if you want to know you can go here).
Daily Bulletin
Futures Curve
Lone Star Stories
North Dakota's oil production rose in April, hitting 1.133 million barrels per day. Amidst price volatility, a gradual increase in the state's drilling rig count is anticipated over the next two years.
With Texas set to crank the AC to beat soaring temperatures, nat-gas sees a spark in demand and prices, only to cool down with forecasts of next week's chillier weather across the US.
Reader Question of the Day
What are the most popular artificial lift methods?
Overall, petroleum engineers and geoscientists employ a set of techniques called artificial lift methods are commonly used to increase the flow of liquids, especially oil, from a production well.
Below are a few key techniques:
Sucker Rod Pump
Gas Lift
Electric Submersible Pump (ESP)
Hydraulic Pump
Progressive Cavity Pump (PCP)
These techniques are widely utilized in the oil and gas industry, each one suited to particular conditions and requirements. The selection of an appropriate artificial lift method depends on factors like the characteristics of the oil well, the depth and volume of the oil reservoir, the viscosity and corrosiveness of the oil, and economic considerations.
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