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Tag Archives: peak oil barrel

Texas Oil and Natural Gas- June 2016

Texas Oil and Natural Gas- June 2016 Dean has shared his estimates for Texas Oil and Natural Gas output. Texas (TX) C+C output was revised lower by -10, -17, -22, -18, and -52 kb/d for Nov 2015 through March 2016 respectively. Output in April 2016 increased by 27 kb/d from the revised March 2016 estimate […]

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World Energy 2016-2050: Annual Report

World Energy 2016-2050: Annual Report The purpose of this annual report is to provide an analytical framework evaluating the development of world energy supply and its impact on the global economy. The report projects the world supply of oil, natural gas, coal, nuclear, hydro, wind, solar, and other energies from 2016 to 2050. It also projects the […]

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North Dakota down over 70,000 bpd in April

North Dakota down over 70,000 bpd in April The Bakken and North Dakota production data is out. Big surprise. The Bakken was down 69,420 barrels per day in April while all North Dakota was down 70,414 bpd. Largest drop ever in North Dakota production. The Bakken is now under one million barrels per day. This gives you some idea […]

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EIA World Crude Oil Production

EIA World Crude Oil Production The EIA has apparently stopped publishing its International Energy Statistics. Instead they are now publishing an abbreviated version on their Total Energy web page titled: Tabel 11.1b World Crude Oil Production. Here they publish crude + condensate production numbers for Persian Gulf Nations, Selected Non-OPEC Countries, Total Non-OPEC and World. The […]

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Texas Update May 2016 and Eagle Ford Output Estimat

Texas Update May 2016 and Eagle Ford Output Estimate Dean has provided me with his latest update for Texas Oil and Natural Gas production. Texas C+C output has increased slightly over the first 3 months of 2016. Texas C+C output was 3549 kb/d in March 2016, about 39 kb/d higher than February. Texas crude output […]

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North Dakota Oil Production Declining But Slowly

North Dakota Oil Production Declining But Slowly The North Dakota Oil Production Stats are out. North Dakota crude oil production was down just less than 10,000 barrels per day. Bakken crude oil production was down 7,743 bpd in March while all North Dakota production was down 9,846 barrels per day. From the Director’s Cut: Producing Wells February […]

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Peak Oil Is Back

Peak Oil Is Back Where did all the oil go? The peak is back An extensive new scientific analysis published in Wiley Interdisciplinary Reviews: Energy & Environment says that proved conventional oil reserves as detailed in industry sources are likely “overstated” by half. According to standard sources like the Oil & Gas Journal, BP’s Annual Statistical Review […]

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OPEC Update

OPEC Update All charts are updated through March 2016 The latest OPEC Monthly Oil Market Report is out out. The charts are “Crude Only”production and do not reflect condensate production. Also the charts, except for Libya, are not zero based. I chose to amplify the change rather than the total. OPEC is now 13 nations with the the […]

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World Crude plus Condensate Decline Rate

World Crude plus Condensate Decline Rate There is concern that World C+C may decline steeply after the peak, I believe those concerns are over blown. There is always the possibility that there could be a severe recession due to high debt levels, high oil prices or potentially due to both problems in combination. War and […]

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Texas Oil and Gas Production March 2016

Texas Oil and Gas Production March 2016 Most of the charts that follow were produced by Dean Fantazzini and are in barrels of output per day for oil, condensate, and oil plus condensate except where noted. In my opinion Dean’s estimates for Texas output for the most recent 24 months are the best that I […]

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An Empirical Model For Oil Prices and Some Implications

An Empirical Model For Oil Prices and Some Implications Introduction This work is preliminary. It is a preview of part of a paper I am writing with Aude Illig. There are three main reasons I am making this post. The first is as a public service. There are many people reading this blog who are […]

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OPEC Declines in February Despite Huge Iran Increase

OPEC Declines in February Despite Huge Iran Increase All charts are through February 2016 The OPEC Monthly Oil Market Report just came out. The charts are “Crude Only”production and do not reflect condensate production. Also the charts, except for Libya, are not zero based. I chose to amplify the change rather than the total. OPEC is now 13 […]

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Coal Shock Model

Coal Shock Model The eventual peak in World fossil fuel output is a potentially serious problem for human civilization. Many people have studied this problem, including Jean Laherrere, Steve Mohr, Paul Pukite (aka Webhubbletelescope), and David Rutledge. I have found Steve Mohr’s work the most comprehensive as he covered coal, oil, and natural gas from both the supply and demand […]

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International Rig Count Still Falling

International Rig Count Still Falling The Baker Hughes International Rig Count is out. The rig count data in all charts below is through February 2016. The Baker Hughes International Rig Count does not include the US, Canada, any of the FSU countries or inland China. It does include offshore China. That rig count peaked in July 2014 at […]

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Oil Price And Its Effect On Production

February 26, 2016

Oil Price And Its Effect On Production The JODI Oil World Database came out a few days ago. The data is through December 2015. The JODI C+C production numbers differs somewhat from the EIA numbers. The JODI OPEC numbers are crude. Also there are a few very small producers that do not report to JODI so their […]

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