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remaining the largest consumer. North American Rig Count, Drilling and Frac Spread Count Data. and Canadian rig count and drilling data, and use Oilprice.com's graphing tools to compare oil prices, frac spread, production and drilling data per basin or province. Sits on Billions of Untapped Oil Barrels - OilPrice.com.
Oil production growth is slowing due to natural depletion and rising costs, especially in the Permian Basin, but new federal estimates could offset geological limits. In relation to this, energy Sources | OilPrice.com. Oil production from offshore Brazil, Guyana and Suriname, as well as Argentina’s Vaca Muerta shale is well-positioned to supply cost-competitive barrels until 2030. Additionally, can This Huge Oil Discovery Revive The Bakken Oil Boom?. Equally important, last year, supermajors reported record oil and natural gas output from the top shale basin, the Permian.
They also spoke of their plans to raise that output even further.
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