Reservoir simulation is the physics-based, numerical prediction of subsurface fluid flow used to design field development and optimize production over the asset life. 2.1 Corner-point or unstructured ...

Mexican government estimates indicate a rapid decline in oil production after 2030, raising concerns about global energy security. Previous questionable practices by oil producers, such as reserve ...

The U.S. Energy Information Administration revealed its latest U.S. crude oil production forecasts in its January short term energy outlook. The U.S. Energy Information Administration (EIA) revealed ...

FORT STOCKTON, TEXAS - MARCH 24: The sun sets behind a pumpjack during a gusty night on March 24, 2024 in Fort Stockton, Texas. Employment in Texas has reached record highs, with the oil- and ...

OPEC+ has decided to increase oil production, surprising many given the soft outlook for oil prices, and potentially reversing earlier production cuts sooner than expected. The article questions ...

WASHINGTON, DC - APRIL 08: U.S. President Donald Trump holds an executive orders after signing a series of orders on American energy production during a ceremony in the East Room of the ...

U.S. oil output hit a record 13.84M barrels per day in September. New Mexico, Alaska and Oklahoma drove monthly production gains. Offshore Gulf production reached its highest level since 2020.

The World’s July oil production increased by 428 kb/d to 84,726 kb/d, a new World Peak Oil All-Time High. For December 2026, production is projected to be 85,665 b/d, an upward revision of 135 kb/d ...

U.S. September oil production increased by 44 kb/d to 13,844 kb/d, another new record high. Texas production has rebounded since the weather-related January 2025 drop. Colorado began 2025 with 6 rigs ...