EIA (Energy Information Administration) tag page for related blogs, audio clips, videos, and images on Black Mountain Sand’s Oil & Gas Industry Blog.
2019 Oil and Gas Outlook According to Experts 2018 Oil & Gas Price Recap 2018 was a volatile year for the oil and gas industry, featuring both good news and bad news. Brent crude prices started the year around $66 per barrel, climbed to $86 per barrel, and dropped down to yearly lows in December…
Anadarko Basin Crude Production, Frac Sand & the SCOOP-STACK In 2017, the Energy Information Administration recognized the Mid-Continent’s Anadarko Basin among the top U.S. shale plays––mainly driven by production gains enjoyed in the SCOOP and STACK production areas. Anadarko Basin Map (Courtesy of USGS) SCOOP and STACK Definition SCOOP stands for South-Central Oklahoma Oil Province.…
Permian Frac Sand Demand by the Numbers Frac sand demand in the Permian Basin is evolving, even from what it was just a few short years ago. Now with more crude oil takeaway capacity planned for the area, production is projected to continue to climb, which will no doubt continue to drive the ever-changing proppant…
Record DUC Wells Equals Record Frac Sand Demand Drilled Uncompleted Wells (DUCs) are reaching record levels according to the EIA. August of 2018 added another 238 DUC wells in the major basins to reach a record 8,269 drilled uncompleted wells in inventory in the United States. The Permian Basin leads the pack with 3,630 DUC…
US & Russia Battle for #1 in Crude Oil Production For quite some time, forecasters were able to see a change coming, one that deals with a global struggle over crude oil production. The U.S. has been a major producer of petroleum liquids for years but has still trailed oil production titans like Saudi Arabia…
Permian Basin Frac Sand Demand Skyrocketing Hydraulic fracturing (fracing) operations in the oil-rich Permian Basin have already taken off, leading experts to forecast that the area’s output by 2023 will be double what it was in 2017. This means that fracing investment continues to rise, especially in the materials that are pivotal parts of the…
When you think of the world’s largest oil reserves, the countries that come to mind are usually the obvious ones: Venezuela, Saudi Arabia, Russia, etcetera. It’s true: the current largest oilfield in the world remains Saudi Arabia’s Ghawar Oilfield, producing 5 million barrels of petroleum per day over the last three decades, good for almost…
Since the U.S. lifted a 40-year ban on crude oil exports in 2016, American oil producers have entered the market in a major way. Analysts predict that crude oil exports in 2018 will continue to reach new heights, due to a variety of causes. Export Growth Is the New Normal In January of 2018, Reuters…