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USA and World Oil Production

USA and World Oil Production All data below is from various sources. All US data is from the EIA. Unless otherwise noted is in thousand barrels per day. US C+C production through April, 2018. For the last 8 months, the average increase in US production has been 168,000 bpd. Most of this has come from […]

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US Light Tight Oil (LTO) Update

US Light Tight Oil (LTO) Update I have updated my scenarios for US LTO output, based on both EIA tight oil output data and average well profile data from Enno Peters’ shaleprofile.com. I have also created a scenario for the Niobrara shale oil play and for “other US LTO” which excludes the Permian Basin LTO, […]

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OPEC April Production Data

OPEC April Production Data The OPEC charts below were created with data from the OPEC Monthly Oil Market Report. The PDF File can be downloaded from here: OPEC MOMR All OPEC data is through April 2018 and is in thousand barrels per day. There was little change in OPEC production in April. OPEC production was […]

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Norway Production, 2017 Summary and Projections

Norway Production, 2017 Summary and Projections Average annual Norwegian wellhead C&C production dropped 1.5% in 2017, from 1709 kbpd (625 mmbbls total) to 1682 kbpd (614 mmbbls total). Wellhead gas (which includes fuel gas, flaring and gas injection) rose 2.6% from 2805 kboed to 2878 kboed. Exit rates were down 9% for oil andt 4% […]

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OPEC March Crude Oil Production Data

OPEC March Crude Oil Production Data All OPEC data below was taken from the April issue of The OPEC Monthly Oil Market Report. The data is through March 2018 and is thousands of barrels per day. OPEC crude oil production dropped just over 200,000 barrels per day in March. They are now just over one […]

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OPEC February Production Data

OPEC February Production Data The March OPEC Monthly Oil Market Report is out with the February production data. All data is through February 2o18 and is in thousand barrels per day, C OPEC crude only production was down 77,000 barrels per day in February but that was after January production had been revised downward 40,000 […]

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Estimating Texas Production-Bridging the Gap

ESTIMATING TEXAS PRODUCTION-BRIDGING THE GAP (Details for the chart above are explained in the post.) The Texas Railroad Commission (RRC) had the oil and gas production reported online in early 2005, and became fully online for producers and the public on Feb 14, 2005. At the time it was set up, it required the producers […]

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Brazil and Mexico, 2017 Summaries

Brazil and Mexico, 2017 Summaries Brazil had a fairly uneventful 2017 for C&C production. Overall production was up 4.5% at 957 mmbbls (114 kbpd average), but the December exit rate was down 4.5%, or 124 kbpd, at 2612 kbpd. There were only two new platforms with significant ramp-ups, and one of those went off line […]

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EIA USA Reserve Estimates

February 21, 2018

EIA USA Reserve Estimates EIA reserve estimates for USA for 2016 have been issued (a couple of months later than usual). The numbers they provide are ‘proven’ reserves of crude, condensate and natural gas. The data is provided directly by the E&Ps with some adjustments made by EIA for missing numbers. The data show reserves […]

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OPEC January Oil Production Data

February 14, 2018

OPEC January Oil Production Data The OPEC Monthly Oil Market Report is out production data for January 2018. All data, unless otherwise noted, is through January 2018 and is in thousand barrels per day. OPEC crude only production has held steady for three months. However, this chart masks the fact that November production was revised […]

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US Crude plus Condensate and Tight Oil, Jan 2018 Update

January 26, 2018

US Crude plus Condensate and Tight Oil, Jan 2018 Update From Dec 2016 to Dec 2017 US Tight oil output has increased by 975 kb/d based on US tight oil output data from the EIA. For the entire US we only have EIA monthly output estimates through Oct 2017. Over the Dec 2016 to Oct […]

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OPEC December Oil Production

January 19, 2018

OPEC December Oil Production The latest OPEC Monthly Oil Market Report is out with production numbers for December 2017. All data is in thousand barrels per day. Total OPEC crude only production was up by 42,400 barrels per day in December. However, that was after November production was revised downward by 75,000 bpd. So OPEC production […]

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Oil Price Outlook December 2017

December 21, 2017

Oil Price Outlook December 2017 This assessment is based on the data in the 2017 BP Statistical Review of World Energy available here. As such it uses that review’s definition of oil which is crude and condensate and natural gas liquids, uncompensated for their different energy contents or values of refined product components. Figure 1: […]

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OPEC November Oil Production

December 16, 2017

OPEC November Oil Production The OPEC data below was taken from the December OPEC Monthly Oil Maret Report. All data is through November 2017 unless otherwise noted. OPEC crude oil production declined by 133,500 barrels per day in November. Algeria was up slightly in November after that huge decline in October. Angola was the biggest […]

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Non-OPEC Mid-size Oil Producers

November 29, 2017

Non-OPEC Mid-size Oil Producers This post covers recent C&C production and future prospects, with a bit on gas, for several mid-size non-OPEC producers. A few have been omitted (e.g. Canada, Kazakhstan, Egypt, UK) for no particular reasons other than lack of time or anything much to say, but may be covered in the future. Many […]

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