Amazing how in a low price environment, oil production in the Gulf of Mexico is going up and maybe more than expected:
“But it (oil production in the Gulf of Mexico) is also going up because companies are finding that smaller satellite fields can be tapped relatively cheaply by linking them to existing offshore oil platforms by way of underwater pipelines.
While production from many of these so-called tieback wells is reflected in forecasts from banks and analysts, the Journal analysis found that some of it appears to have been undercounted.”
Here is the full story: http://www.wsj.com/articles/u-s-oil-output-to-get-boost-from-gulf-of-mexico-1466703667
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