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Are We Headed For Global Warming Collapse?

Are We Headed For Global Warming Collapse?

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Right now CO2 is higher than it has been in over 20 million years. But it has been higher, a lot higher.

The chart below was published in the Worldwatch Institute’s State of the World 2015 and the source of their data was Goddard Institute for Space Studies

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What this chart clearly shows is that global warming, so far, is primarily a northern hemisphere phenomenon and mostly above 60 degrees latitude.

Arctic still heating up twice as fast as rest of planetAnnual average temperatures have continued to rise for the region as a whole throughout the recent slowdown in the pace of warming globally, according to a new analysis of conditions above 60 degrees north latitude.

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The ocean, especially the arctic ocean, is warming much faster than the atmosphere.

In fact, the loss of reflective sea ice is part of the reason Arctic temperature has risen three times faster than the global average in recent decades. This effect, known as Arctic amplification, has consequences for nearby land ice, too.

But why is the Northern  Well for one reason that’s where most of the people are. That’s where most of the CO2 emissions comes from. But… don’t the air mix from north to south?

 

…click on the above link to read the rest of the article…

Bakken April Production Data

Bakken April Production Data

Bakken Production

Eight month of flat to down production from the Bakken.

Bakken Amplified

I have shortened the data to 16 months here to give a better picture of what is really happening. North Dakota reached an 8 month low. North Dakota, in April, was 17,631 barrels per day below their September 2014 production. The Bakken was only 11,024 below September 2014 so conventional wells seem to be dropping off pretty fast.

The Baken is 54,599 bpd below their peak in December and all North Dakota is 59,385 bpd below their December Peak.

As usual there was very little adjustments in the previous months data. Bakken March production was adjusted down by 114 barrels per day while North Dakota production was adjusted down by 81 barrels per day.

Bakken BPD Per Well

Bakken BPD per well has been dropping for four months now. Bakken bpd per well now stands at 116, down 4 from March. All North Dakota bpd per well is now 96, down 3 while conventional wells bpd per well is 23, down 1 from March.

Bakken Wells Producing

Bakken wells producing increased by 107 while North Dakota wells producing increased by 101.

The North Dakota rig count now stands at 75, down 7 since Wednesday.

…click on the above link to read the rest of the article…

 

OPEC + Different EIA Data

OPEC + Different EIA Data

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OPEC crude only production was up 23,000 bpd in May but that was after April had been revised upward by 110,000 bpd.

Saudi Arabia

Almost no change is Saudi production, down 5,000 bpd to 10,107,000 bpd.

Iraq

Iraq had the largest change of all, up 105,000 bpd to 3,800,000 bpd.

 

…click on the above link to read the rest of the article…

The EIA’s Drilling Productivity Report

The EIA’s Drilling Productivity Report

The EIA has released its latest Drilling Productivity Report. There were some interesting data presented in the report.

DPR Bakken

They say the Bakken peaked at 1,311,703 barrels per day in March and will have declined by 74,763 bpd in July.

DPR 1

The EIA says the Bakken will get 51,000 barrels per day in July from new wells but legacy wells will decline by 80,000 barrels per day leaving a decline of 29,000 bpd.

DPR Eagle Ford

The EIA says Eagle Ford peaked in 1,711,376 barrels per day in March and will have declined by a total of 117,971 bpd in July.

DPR 2

The EIA says Eagle Ford will get 90,000 bpd from new wells in July but the decline from legacy wells will be 139,000 bpd leaving a decline of 49,000 bpd.

DPR Niobrara

The EIA says Niobrara peaked in March at 459,861 bpd and will have declined by 49,712 bpd by July.

 

…click on the above link to read the rest of the article…

Olduvai IV: Courage
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Olduvai II: Exodus
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