Home » Posts tagged 'oil production' (Page 33)
Tag Archives: oil production
Report: Eagle Ford Shale Has Peaked, Lifting of Oil Export Ban Could Drain Field More Quickly
Report: Eagle Ford Shale Has Peaked, Lifting of Oil Export Ban Could Drain Field More Quickly A new report published by the Post Carbon Institute concludes that Texas’ Eagle Ford Shale basin, the most prolific shale oil basin in the U.S., has peaked and reached terminal decline status. The Post Carbon report dropped just as Congress is on the […]
Financial War over Oil Reshapes World, Will End with Much Higher Prices
Financial War over Oil Reshapes World, Will End with Much Higher Prices Low oil prices are the wreckage from a war – a financial war. By Larry Kummer, Editor of the Fabius Maximus website: Oil sell-off after OPEC makes even ECB look good. Better to have announced something, even if less than hoped for, than nothing […]
Egypt update: net oil importer and chokepoints
Egypt update: net oil importer and chokepoints Oil production and consumption Fig 1: Oil production vs consumption After a post-peak decline production has stabilized but consumption has increased relentlessly at a long-term 1.7% pa, slightly below population growth of around 2% pa. Egypt is now a net oil importer. On these trends, the gap between […]
Peak Oil: Right Again [Pt 2]
Peak Oil: Right Again [Pt 2] We continue with an examination of the statements offered in a recent example of cherry-picked nonsense, an article entitled: “Earth Is An Oil-Producing Machine — We’re Not Running Out.” The fine art of misleading the uninformed…. Delighted with the discovery that “Earth is actually an oil-producing […]
Bakken(ND) Light Tight Oil – Update with Sep – 15 NDIC Data
Bakken(ND) Light Tight Oil – Update with Sep – 15 NDIC Data After years of following developments in extraction of light tight oil (LTO) in the Bakken, the oil price, studying actual well production data from the North Dakota Industrial Commission (NDIC) and the SEC 10-Q/Ks filings for several companies heavily exposed to the Bakken, a […]
Shale Gas Rig Count Could Implode Here If Prices Don’t Rebound
Shale Gas Rig Count Could Implode Here If Prices Don’t Rebound The Haynesville Shale play needs $6.50 gas prices to break even. With natural gas prices just above $2/Mcf (thousand cubic feet), we question the shale gas business model that has 31 rigs drilling wells in that play that cost $8-10 million each to sell gas at […]
Despite Cheap Gas, Coming Back to Peak Oil [Infographic]
Despite Cheap Gas, Coming Back to Peak Oil [Infographic] Yesterday, in Virginia, I filled up my gas tank for $2.75 a gallon. At that price, even old peak oilers like my wife and I hardly think about poor old King Hubbard’s theory much these days. And though gas has been cheap in the U.S. for […]
IEA: US$ 40 oil means 3 mp/d less oil by 2020
IEA: US$ 40 oil means 3 mp/d less oil by 2020 You want $40 oil? Yes, please. But according to the World Energy Outlook 2015 of the International Energy Agency, recently released in London, that would mean 3 mb/d less US tight (shale) oil by 2020. That’s about 4% of global crude production. Fly less […]
OPEC’s Strategy Is Working According To Cartel’s Latest Report
OPEC’s Strategy Is Working According To Cartel’s Latest Report OPEC, which has been exceeding its own oil-production cap during the past year, says output was down in October and forecasts a production drop overall next year because of the persistent low price of oil. The cartel’s Monthly Market Report, published Thursday, said its 12 members extracted […]
