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1/4 Century: What Was the Oil and Gas Industry Like in the Early 2000s? Part 2

Rextag

By 2005, analysts predicted the Bakken contained 4.3 billion barrels of recoverable oil , a staggering prospect that set the stage for the U.S. billion in profit in 2005, the highest ever recorded by a corporation. By 2005, ExxonMobil produced over 4.1 million barrels of oil equivalent per day (boe/d) globally.

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Petrel Resources Raises £250,000 for Iraq Oil Projects

Iraq Business News: Oil & Gas

Petrel has recently submitted an application to assume an existing contract east of Baghdad 4 th Bid round award in 2012, at a remuneration per barrel of $5.38. The dramatic growth in North American fracked output between 2005 and 2014 is less of a concern for OPEC exporters.

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