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Posted September 15, 2014Today in Energy

New petroleum technology revitalizes Powder River Basin oil production ›

The Powder River Basin, well known for its abundant coal supply, is experiencing a turnaround in oil production. Production has rebounded from a low of 38,000 barrels per day (bbl/d) in 2009 to 78,000 bbl/d during first-quarter 2014. Although U.S. oil production growth is occurring primarily in the Bakken, Eagle Ford, and Permian Basins, the Powder River Basin is among other regions of the country that have also benefitted from the application of horizontal drilling and hydraulic fracturing. More

Source: EIA and Drillinginfo, Inc.


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Data Highlights

Retail gasoline price

9/15/2014: $3.408/gal

down$0.049 from week earlier
down$0.139 from year earlier

Retail diesel price

9/15/2014: $3.801/gal

down$0.013 from week earlier
down$0.173 from year earlier

WTI crude oil futures price

9/12/2014: $92.27/bbl

down$1.02 from week earlier
down$16.33 from year earlier

Natural gas futures price

9/12/2014: $3.857/mmBtu

up$0.064 from week earlier
up$0.219 from year earlier

Weekly coal production

9/6/2014: 19.153 million tons

down0.064 million tons from week earlier
down0.536 million tons from year earlier


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