In 2010, BP had produced 3, 822 thousand barrels of oil equivalent barrels per day, of which equity-accounted entities contributed 1, 330 thousand barrels of oil equivalent barrels per day.
That will save about 1.8 billion gallons -- or barrels -- of oil, billion barrels of oil.
Add to that an estimated 1 trillion barrels of oil sands resources and another 2.8 trillion barrels of oil shale, and we can all afford to put down our "End Is Nigh" placards.
North Dakota went from producing 110, 000 barrels of oil a day in the fall of 2006 to 444, 000 barrels a day today. 50 billion barrels of oil are estimated to be contained in the Bakken formation alone.
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Additionally, these programs will dramatically cut the oil we consume, saving a total of 12 billion barrels of oil, and by 2025, reduce oil consumption by 2.2 million barrels a day -- as much as half of the oil we import from OPEC every day.
So if you bought 100 barrels of oil to be delivered in November then to unwind the position you have to sell someone 100 barrels of oil to be delivered in November.
The deal for Mariner is even larger with 181M proven barrels of oil equivalent (47 percent are oil or other hydrocarbon liquids), but according to the press release there is the potential of 2B barrels of oil equivalent among their 50 deepwater prospects.
Net oil equivalent production declined 21, 000 barrels of oil per day to 1.96 billion barrels.
These two should provide about 3, 600 net oil equivalent barrels per day of natural gas and liquids, which Denbury will tap via carbon dioxide flooding.
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Semgroup handles more than 500, 000 barrels of crude oil a day in the U.S., operates two pipeline systems and has 6.7 million barrels of oil storage capacity.
Total hydrocarbon reserves increased by 2.5% to 147.1 billion barrels of oil equivalent from 143.5 bboe in 2009 and total production of hydrocarbons increased by 9.6% to 3.3 billion barrels of oil equivalent from 3.03 bboe in 2009.
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The U.S. Agriculture Department has projected a 23% increase in farm-grown exports in the 2008 over 2007, and ethanol production capacity increased by 60% to 11 billion gallons, saving the global oil market almost one million barrels of oil per day.
In October, it released its first estimates for the neighboring (in Ohio) or underlying (in Pennsylvania and New York) Utica shales of 38 TCF, plus 940 million barrels of unconventional oil resources and 208 million barrels of unconventional liquids.
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The oil sands hold 171.3 billion barrels of oil in reserve.
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The Gannet oil field reportedly produced about 13, 500 barrels of oil per day between January and April of this year.
That translates to about 2.3 billion cubic feet of natural gas per day, 225, 000 barrels of oil per day, and 72, 000 barrels of natural liquids per day.
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Similarly, OPEC reduced its demand growth estimate, but still foresees oil demand rising by more than 1 million barrels of oil a day over the next 12 months.
The research outfit reports that thanks to the innovation of hydraulic fracturing and horizontal drilling on private and state lands, the U.S. in fiscal 2012 produced 6.2 million barrels of oil daily, up from 5.1 million barrels as recently as fiscal 2007.
Canada boasts 54, 000 square miles of oil-soaked earth containing approximately 1.7 trillion barrels of oil.
Petrobras plans on increasing daily output to four million barrels of oil and equivalents by 2015 to 6.4 million barrels by 2020.
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The rig sank two days later, setting off an oil leak that has since released around 85, 000 barrels of oil into the Gulf.
It will be able to process and export up to 130, 000 barrels of oil a day, and store more than one million barrels.
The strongman rules an oil-rich nation that exports 1.1 million barrels of oil to the United States per day, which amounts to 14 percent of our total oil imports.
Shell said total oil and gas production grew to 3.559 million barrels of oil equivalent per day in the first quarter, from 3.552 million in the same period in 2012.
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His final years were marred by a succession of devastating accidents an explosion at BP's Texas City refinery in 2005 that killed 15 workers and injured 170 others, and an oil spill a year later that dumped 4, 800 barrels of oil at Prudhoe Bay, on the coast of Alaska.
The letter was forgotten as, on Aug. 29, 1859, Drake and Uncle Billy and his sons got feverishly busy pumping oil and filling wash tubs and whiskey barrels (why we speak of "barrels" of oil today) with the black liquid.
Overall, Venezuela is the fifth largest exporter of oil to the United States, selling 1.5 million barrels of oil every day.
Production of oil and gas dropped 2% to 3.2 million barrels of oil equivalent per day, which was in line with analysts' expectations, Shell said.
With the largest oil reserves in Africa, it produced 1.6 million barrels of oil a day before the war and accounted for 95% of the country's export earnings.
In the first five and a half months of 2011, Canadian energy companies sold a total of 231 million barrels of oil and gas reserves, less than half the 482 million barrels sold in the same period in 2010.
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