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Texas Oil and Gas Production Declining

January 18, 2016

Texas Oil and Gas Production Declining The Texas RRC Oil and Gas Production Data is out. This data is always incomplete. But we can get some idea of what the trend is by comparing it with previous months. This is what I have done in the charts below. If the latest months data is below the previous […]

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International Rig Counts Still Falling

January 12, 2016

International Rig Counts Still Falling The monthly Baker Hughes International Rig Count came out a few days ago. Baker Hughes international rig counts do not include US, Canada, FSU countries or on shore China. All rig count data here is through December 2015 and includes all rigs, gas, oil and misc. Total international rig count was down […]

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Confessions of a Doomer

January 10, 2016

Confessions of a Doomer I need to tell you of a very special talent I have. I have the very unusual and rare ability to find, to ferret out if you will, the blatantly obvious. I mean if it is as plain as the nose on your face, I am going to figure it out. What shocks me […]

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Doubting The Peak

January 1, 2016

Doubting The Peak Dennis Coyne, an editor and frequent contributor to this blog, has suggested that we are not at peak oil. He argues that there is likely to be a dip in production starting next year but higher prices will cause things to turn around and we will surpass the 2015 peak by 2019. […]

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OPEC’s 2015 World Oil Outlook

December 25, 2015

OPEC’s 2015 World Oil Outlook The OPEC 2015 World Oil Outlook came out a few days ago. They basically produce two outlooks, a medium term outlook to 2020 and a long term outlook to 2040. I found their medium term outlook pessimistic in some cases to optimistic in others. But I found their long term outlook to be […]

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All Roads Lead To Peak Oil

December 21, 2015

All Roads Lead To Peak Oil I follow the JODI World Oil Database primarily because it is now four months ahead of the EIA international data base. I make some adjustments however. I use the OPEC MOMR “secondary sources” for all OPEC data where JODI also uses the MOMR but uses their “direct communication” data instead. The […]

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EIA Says Shale Continues to Decline

December 9, 2015

EIA Says Shale Continues to Decline The EIA’s Drilling Productivity Report has US shale oil on a steep decline. The below shale oil production charts are the EIA’s estimate of what shale production will look like through January 2016. Keep in mind this is the EIA’s estimate and not hard production numbers. The big drops here are […]

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Oil Forecast From a Reputable Firm

December 7, 2015

Oil Forecast From a Reputable Firm The below charts were derived from the data published by a very reputable oil and gas analyst and forecaster in Texas. Because the firm charges for their data forecast I am at not at liberty to disclose their name. All data through 2014 is the actual price and production […]

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A Surprising Look at Oil Consumption

November 25, 2015

A Surprising Look at Oil Consumption The EIA publishes oil consumption numbers for all major nations. However they have data for most nations only through 2013. They do have data for some nations through 2014. Nevertheless a lot can be gleaned from just looking at those consumption numbers. If oil consumption numbers are growing year after year, then […]

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The Case For Peak Oil

November 21, 2015

The Case For Peak Oil All charts below were created with data from JODI, the EIA and OPEC MOMR. It is in thousand barrels per day and the last data point is September 2015. World crude oil production has taken off during the last two years due primarily to US shale oil production and higher […]

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Bakken Big Decline in September

November 14, 2015

Bakken Big Decline in September The NDIC has published their monthly update for Bakken Oil Productin and all North Dakota Oil Production. Bakken production was down 24,424 barrels per day while all North Dakota was down 25,378 bpd. Here is an amplified version of the last 15 months of North Dakota production. September 2015 production is now below […]

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OPEC Crude Production Down in October

November 13, 2015

OPEC Crude Production Down in October OPEC has published their OPEC Monthly Oil Market Report with crude only production numbers for October 2015. The charts are “Crude Only” production and are in thousand barrels per day. OPEC 12 was down 256,000 bpd in October. OPEC uses secondary sources such as Platts and other agencies to report their production numbers. […]

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Worldwide Rig Count Dropping Again

November 10, 2015

Worldwide Rig Count Dropping Again Baker Hughes has published its International Rig Count with production numbers for October. This is a monthly rig count and breaks out the international rigs by oil, gas and miscellaneous. Baker Hughes does not include the Former Soviet Union countries in their count or totals. Baker Hughes also includes the US and […]

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US Oil Production by State

October 31, 2015

US Oil Production by State The EIA’s Petroleum Supply Monthly is just out with production numbers, through August, for each state and offshore territories. The EIA’s Monthly Energy Review is also out. This publication has US production data through September but not for individual states. The Petroleum Supply Monthly June 15 production numbers were revised down considerably this month. And […]

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Texas Oil and Gas Decline in August

October 22, 2015

Texas Oil and Gas Decline in August The Texas RRC Oil and Gas Production Data with production data for August is out. The RRC data is always incomplete but if this month’s incomplete data is less than last month’s incomplete data then that’s a pretty good indicator that production this month is down. The EIA data here […]

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