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Shale Oil Keeps Growing on Trees

Shale Oil Keeps Growing on Trees The United States Geological Society (USGS) today released a report stating there is an estimated 46.3 billion barrels of theoretical, technically recoverable, as yet undiscovered light tight oil reserves in the Wolfcamp, Bone Springs and Avalon shaley carbonate formations in the Delaware Basin of West Texas. Shale oil, it seems, keeps […]

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US Crude plus Condensate and Tight Oil, Jan 2018 Update

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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Oil Price Scenario for 2018

Oil Price Scenario for 2018 It is that time of year again where we try to forecast what the oil price will do over the coming 12 months. Last year I forecast $60 / bbl for Brent year ending 2017 and with Brent trading on $66.50 as I write I can conclude that I got […]

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Oil Price Outlook December 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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Shale Set To Decline Substantially This Year

Shale Set To Decline Substantially This Year U.S. shale has weathered the oil crash better than many expected, but the stubborn persistence of low prices through 2016 could amount to the “straw breaking the camel’s back” for shale production. The International Energy Agency released its Medium Term Oil Market Report on February 22 at the IHS CERA […]

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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 […]

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Oil Shipments by Rail Declining

Oil Shipments by Rail Declining Weekly oil shipments by rail can be found on the web at Weekly Carload Reports. And a summation of that data with charts can be found at Association of American Railroads  Freight Rail Traffic Data. Crude oil by rail basically started with the shale boom. Prior to that almost all oil […]

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The Bakken ”Red Queen” is restrained with more credit

The Bakken ”Red Queen” is restrained with more credit This post is an update on Light Tight Oil (LTO) extraction in Bakken based upon published data from the North Dakota Industrial Commission (NDIC) as per March 2015. Extraction developments of LTO from Bakken may be followed by county, formation, vintage of wells, and one important source […]

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World Oil Output Last 3 Years

World Oil Output Last 3 Years The EIA publishes every possible energy stat for the USA and hardly anything for the rest of the world. Well, anything current for the rest of the world anyway. TheirInternational Energy Statistics is already five full months behind and working on six. December 2014 is the last international oil production data we […]

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Are The Bakken’s Sweet Spots Past Their Prime?

Are The Bakken’s Sweet Spots Past Their Prime? This post is an update on total Light Tight Oil (LTO) extraction from Bakken in North Dakota based upon actual data as of October 2014 from North Dakota Industrial Commission (NDIC). It further presents a statistical analysis on developments of well productivity with a detailed look at […]

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