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Bakken Summary

Bakken Summary The North Dakota area of the Bakken LTO basin has accessible data from the ND Department of Natural Resources, Oil and Gas Division. Production here seems to be past peak and in general decline. The data presented here is therefore more a historical perspective than of much interest in predicting issues that may […]

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Annual Reserve Revisions Part IV: Shale Producers

Annual Reserve Revisions Part IV: Shale Producers EIA Liquids Reserve Estimates This follows on from Part I, which looked at EIA reserves and revision estimates for US as a whole and the GoM, and concentrates on the on-shore tight oil and (below)gas producing regions. The EIA issues revision data by whole states or state districts […]

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Annual Reserve Revisions Part III: Larger Independents

Annual Reserve Revisions Part III: Larger Independents The story here is of a gradual decline in the size and importance of most of these (once) large independents. Their combined reserves and production is not sizeable compared to the super majors and majors but their history may be indicative of what is coming the way of […]

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Brazil Reserves and Production Update, 1H2018

October 18, 2018

Brazil Reserves and Production Update, 1H2018 brazil c&c production Brazil and Petrobras show something in common with US LTO: even with a lot of debt and desire, and a strong resource base it is difficult to raise production in the face of high decline rates. It may also be a lesson for the world as […]

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GoM Reserves and Production Update, 1H2018

September 28, 2018

GoM Reserves and Production Update, 1H2018 crude and condensate reserves BOEM remaining C&C reserve estimates for GoM increased by 649 mmbbls for 2016 (i.e. to 31st December 2016). This was 112% reserve replacement and followed a similar growth of 618 mmbbls (111% reserve replacement) for 2015. The BOEM reserve calculation method appears to give highly […]

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Mexico Production and Reserves, 1H2018

August 20, 2018

Mexico Production and Reserves, 1H2018 mexico c&c production Mexico oil production is in decline though, at the moment, not as steep as it was expected to be (at least by me – IEA predictions are closer). Data is through June and comes from Pemex and National Hydrocarbons Information Center (CNIH)(both sites are pretty good). For […]

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UK Offshore Production: Summary for First Quarter 2018

UK Offshore Production: Summary for First Quarter 2018 UK C&C It was expected by many, me included but more importantly UKOGA and a couple of the bigger oil and gas consultancies, that UK offshore oil production would increase significantly from 2017 to exceed 1000 kbpd for the yearly average in 2018. So far this is […]

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GoM: First Quarter 2018, Production Summary

GoM: First Quarter 2018, Production Summary crude and condensate BOEM has March 2018 production at 1696 kbpd, which is down 1% month-on-month and 4% year-on-year (March 2017 was the peak production month for GoM so far). EIA numbers were very similar, although last month’s were higher and haven’t been revised yet – typically EIA numbers […]

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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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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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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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Norway and UK Production Update

November 8, 2017

Norway and UK Production Update Short-term trends for UK oil and gas production and, to a lesser extent, Norway can be rendered a bit meaningless by seasonal impacts from summer maintenance turn-arounds and cyclic gas demand. Overall, though, both are at or approaching the tail end of the production curve, but with slight upticks in […]

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Recent Production: Colombia, Mexico and Brazil

October 18, 2017

Recent Production: Colombia, Mexico and Brazil Colombia Colombia production is holding a plateau over the past year after a large decline in the last part of 2015 and first half of 2016. August value was 858 kbpd (down 0.04% y-o-y). Colombia oil reserves at the end of 2016 were 1.66 Gb (down 16.8% from 2 […]

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GoM June Production Update

September 6, 2017

GoM June Production Update Production Production for June by BOEM was 1631 kbpd and by EIA 1636, compared with 1673 and 1659 kbpd, respectively, in May. The decline was mostly from Thunder Horse going offline and Constitution staying offline. Hurricane Cindy didn’t seem to have much of an impact, things will be different for the […]

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