The oil and gas sector can be a gold mine for investors, given their investment strategy is backed by a deep industry knowledge guided by trusted sources. The sector, however, is largely governed by socio-political and environmental changes, which makes it challenging for investors to find promising investment opportunities. That’s when investors need the guidance of a reputable investment consultant such as FIG Tree Capital Ventures. While you can count on us for providing you with potentially high-return oil and gas investment opportunities, you also need to stay abreast with the latest developments in the sector. On that note, we bring to you four recent oil and gas updates that every investor should know. Read on.
The Number of Oil Rigs in the US is Increasing
According to a recent report by Baker Hughes, the total oil rigs stands at 886 – a notable increase compared to the count of last year, which was 738. The US added 14 rigs in the first two weeks of November. More than half of the U.S. oil rigs are in the Permian Basin – which also witnessed an addition of five rigs. The total rig count for 2018 is expected to be 1862.
US Crude Production to Hit an All-time High
According to a report by the U.S. Department of Energy’s Energy Information Administration (EIA) covering seven major basins, the crude oil production in the US is expected to reach 7.94 million barrels per day by December 2018. The report also found an expected increase in the gas production across the board, which is estimated to be 1.04 Bcf/d in December.
The US is Now the Largest Gas Producer
According to a report by Eni, an Italian multinational oil and gas company headquartered in Rome, the US has surpassed Russia, Iran, Canada, and Qatar, to become the largest producer of Natural gas in the world. Despite a marginal production output increase in 2017, the gas production for the US stands at 26.6 trillion cubic feet, which more than any other country.
The Perfect Time to Invest in the US Oil and Gas Industry
Looking at the recent updates, it would be safe to say that the oil and gas industry seems to be on an upswing, which means an opportune time for investors to put their money in oil and gas investments. The challenge is identifying profitable oil and gas investment projects. Partner with FIG Tree Capital Ventures to leverage our years of industry experience and invest in oil and gas projects that hold a strong potential for high returns. To learn more about our oil and gas investment projects, click here. If you have any questions, fill out our contact form or call (866) 545-1225.
