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EIA tight oil estimates

EIA tight oil estimates The US Energy Information Administration publishes Tight Oil Production Estimates by Play each month (can be found at link above.)  I noticed this month that the estimates seemed different than I remembered so I checked earlier estimates I had saved on my computer.  The chart below compares estimates from Dec 2018 to April […]

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ExxonMobil CEO Wrong About “Resilience” Of Tight Oil Production

ExxonMobil CEO Wrong About “Resilience” Of Tight Oil Production ExxonMobil CEO Rex Tillerson is wrong about the resilience of U.S. tight oil production. Last week, The Wall Street Journal reported: “…Mr. Tillerson pointed out that the collapse in natural-gas prices similarly had led the number of rigs drilling for that fuel to drop to 280 from north […]

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Tight Oil Production Will Fade Quickly: The Truth About Rig Counts

Tight Oil Production Will Fade Quickly: The Truth About Rig Counts U.S tight oil production from shale plays will fall more quickly than most assume. Why?  High decline rates from shale reservoirs is given. The more interesting reasons are the compounding effects of pad drilling on rig count and poorer average well performance with time. Rig […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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