Sentences with phrase «oil equivalent resources»
Overall, the company has 19,000 future drilling locations across the Basin, which it estimates could help it unlock more than 8 billion barrels of oil equivalent resources.
https://www.fool.com/ Not exact matches
PDC has successfully drilled the equivalent of 20 - 22 horizontal wells per 640 - acre section, to more efficiently capture the large oil and gas resources in - place in the Niobrara and Codell formations, which contain over 300 feet of combined reservoir rock.
Section 2 (1) of Bill 12 refers to refined products which (oddly) do not fall under the primary production from natural resources, which are defined so as to include crude oil and natural gas but, «not a product resulting from refining crude oil, refining upgraded heavy crude oil, refining gases or liquids derived from coal or refining a synthetic equivalent of crude oil.»
Halcon Resources produced an average of 10,967 barrels of oil equivalent per day (BOE / D) during the first quarter.
China is keen to find natural resources and the Arctic could hold some 90 billion barrels of oil equivalent according to the U.S. Geological Survey.
[Nov. 18, 11:37 p.m. Updated Vaclav Smil, the Canadian resource and risk analyst, has written a potent critique of Obama's move, noting, among other things, «If there would be no oil - sand oil produced in Alberta to feed the XL pipeline and then refined in the United States and the products burned in American vehicles, then the Chinese would generate an additional mass of CO2 equivalent to that prevented burden in less than two weeks.»]
Over just the last decade, biofuels have grown by the equivalent of half a million barrels of oil a day; with new large - scale biofuels production facilities coming online every year, biofuels made from sustainable non-food based fuels resources could save an additional million barrels of oil a day by 2035.
The oil sands are touted as a resource equivalent to a second Saudi Arabia.
Opening areas in the Atlantic, Pacific and Eastern Gulf of Mexico could lead to production of more than 3.5 million barrels of oil equivalent per day, according to research by Quest Offshore Resources.