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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 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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The Future of US Light Tight Oil (LTO)

The Future of US Light Tight Oil (LTO) The future output from the light tight oil (LTO) sector of the US oil industry is the subject of much speculation. Above I present some possible future output scenarios based on a simple model of US LTO, the scenarios are compared with the EIA’s 2017 Annual Energy […]

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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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Olduvai IV: Courage
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Olduvai II: Exodus
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