Oil output from the Permian Basin is slated to rise to a record-breaking high of 5.316 million barrels per day in July, according to a new report from the U.S. Energy Information Administration an increase that comes even as high inflation and a lack of refining capacity threaten to keep prices largely unchanged.
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Prospective and exciting as the Lekki Deep Seaport may be in terms of revenue earning for both the Federal Government and the Lagos State Government, the project is surrounded by potentially suffocating circumstances that may abort the dream.
With higher crude oil prices U.S. exploration and production companies saw significant jumps in both cash from operations and capital expenditures in Q4 20.
In response to higher crude oil prices, financial results for 42 U.S. exploration and production (E&P) companies showed large increases in both cash from operations and capital expenditures in the fourth quarter of 2021 (4Q21). Cash from operations for the E&P companies reached $27.5 billion in 4Q21, the largest amount in any quarter since 3Q14. .