How much oil is produced per rig in the Permian Basin according to this U.S. Energy Information Administration (EIA) report?

According to that graphic, the average new well adds 555 barrels of oil and 1,187 thousand cubic feet (mcf) of gas per day. I assume that’s an average rate for the first 30 days of production. That’s 16,650 barrels per well in the first month.The typical well also declines rapidly. The other graphs are also revealing.In January 2019, just the Permian Region of West Texas will produce over 3.8 million barrels per day. As recently as 2008, the average daily production for the entire United States, including Alaska and the Federal Offshore, was only 5.0 million barrels per day. For reference, Iran has ramped up production over the last decade; the entire country makes 4.5 million barrels per day.But with no drilling, Permian production would decline by 246 thousand barrels per day in a single month! That’s a measure of just how precipitously production declines in new wells.450 rigs are currently drilling in the Permian. That’s about 43% of all the rigs working in the U.S. (currently 1,050 rigs nationwide).With that level of activity, production will only grow 23 thousand barrels per day month over month. In other words, about 400 of those rigs are needed to keep the production curve flat; the othe 50 provide the growth.[Edit] Note that the stats presented here are per rig, not per well. I’m not sure what the average time to drill & complete a PB well is.

How a Non-US residence company owner (has EIN) should fill the W-7 ITIN form out? Which option is needed to be chosen in the first part?

Depends on the nature of your business and how it is structured.If you own an LLC taxed as a passthrough entity, then you probably will check option b and submit the W7 along with your US non-resident tax return. If your LLC’s income is not subject to US tax, then you will check option a.If the business is a C Corp, then you probably don’t need an ITIN, unless you are receiving taxable compensation from the corporation and then we are back to option b.

If I'm filling a sponsorship form for a friend to visit in the US, do I need his information to complete the form, and how long does it take to be approved?

Tourist/visitor visas to the US aren’t sponsored. I’m not sure what form you are referring to, but I suspect it’s an affidavit of support. Those are for IMMIGRANT visas only. Filling one out for a friend who is visiting is not only not required, but inappropriate.Your friend will need to overcome the presumption of immigrant intent on his own.

How does US immigration know when you overstay your visit in the US? I just left the US on a visit, and I was not stamped out as it used to be in other countries. Not even a form filled. Does the UK not stamp you out too?

You now see an extension of a principle tenet of US law applied to immigration: You are presumed innocent until proven guilty. In this case, the US assumes you will leave when your visa expires. Unless you are picked up for some other reason (like breaking the law somewhere) and found to be overstaying your visa, the US assumes you are honest. Most times, you will get away with it unless you cause trouble somewhere. Merely overstaying your visa is not something so serious that anyone will track you down to confirm that you have left.This sort of thing applies to ALL law enforcement in the USA. Robbers and thieves get away with their crime about 90% of the time. But such people tend to keep doing bad things and eventually get caught and convicted. 10% conviction rate is enough to deter most such crimes. People break the law by all the time by speeding, and might only be caught once every few years. The conviction rate is probably a fraction of a percent. At the other end of the spectrum, more serious crimes are pursued more rigorously.. we don’t want murderers running loose.

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Welcome to the Investors Trading Academy talking glossary of financial terms and events. Our word of the day is EIA is the abbreviation for the Energy InformationAdministration. The government agency formed in 1977 as an advisor to the U.S. Department of Energy. The EIA is responsible for objectively collecting energy data, conducting analysis and making forecasts. Encamp;#39’s reports contain information regarding important energy-relatedfactors, such as future energy inventories, demand and prices. Its data, analysis and reports are available online to both members of the public and the private sector. One of the most renowned reports published by the EIA is called This Week In Petroleum. This report is released every Wednesday and contains commentary regarding changes in inventory, demand and other data for crude oil and other petroleum products such as gasoline, distillate sand propane. Usually, when this report shows unexpected inventory changes in crude oi land gasoline, it cau

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