{"id":10939,"date":"2015-08-12T08:01:38","date_gmt":"2015-08-12T13:01:38","guid":{"rendered":"http:\/\/olduvai.ca\/?p=10939"},"modified":"2015-08-12T08:01:39","modified_gmt":"2015-08-12T13:01:39","slug":"us-shale-declining-and-opec-still-climbing","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=10939","title":{"rendered":"US Shale Declining and OPEC Still Climbing"},"content":{"rendered":"<header>\n<h3 class=\"entry-title\"><a href=\"http:\/\/peakoilbarrel.com\/us-shale-declining-and-opec-still-climbing\/\" target=\"_blank\">US Shale Declining and OPEC Still Climbing<\/a><\/h3>\n<div class=\"entry-meta\">There is new data out today. The EIA published their\u00a0<a href=\"http:\/\/www.eia.doe.gov\/cfapps\/ipdbproject\/iedindex3.cfm?tid=50&amp;pid=57&amp;aid=1&amp;cid=&amp;syid=2010&amp;eyid=2015&amp;freq=M&amp;unit=TBPD#\">International Petroleum Statistics<\/a>yesterday. The EIA also published their\u00a0<a href=\"http:\/\/www.eia.gov\/petroleum\/drilling\/\">Drilling Productivity Report<\/a>\u00a0which gave their expected shale oil and gas production through September. Then this morning OPEC published their\u00a0<a href=\"http:\/\/www.opec.org\/opec_web\/static_files_project\/media\/downloads\/publications\/MOMRAugust_2015.pdf\">Monthly Oil Marketing Report<\/a>\u00a0with OPEC crude only production numbers through July.<\/div>\n<\/header>\n<div class=\"entry-content\">\n<p>First the Drilling Productivity Report.\u00a0Of course most of the Drilling Productivity Report is projection, not history. And that projection goes through\u00a0<strong>September 2015<\/strong>.<\/p>\n<p><a href=\"http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2015\/08\/Bakken-.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-8892\" src=\"http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2015\/08\/Bakken-.png\" alt=\"Bakken\" width=\"742\" height=\"439\" \/><\/a><\/p>\n<p>The EIA has the Bakken peaking in December and declining 107 thousand barrels per day since that point. A secondary peak was reached in April and declining steadily since then.<\/p>\n<p><a href=\"http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2015\/08\/Eagle-Ford.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-8894\" src=\"http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2015\/08\/Eagle-Ford.png\" alt=\"Eagle Ford\" width=\"745\" height=\"437\" \/><\/a><\/p>\n<p>The EIA has Eagle Ford peaking in March and declining 226 thousand barrels per day since that point.<\/p>\n<p><a href=\"http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2015\/08\/Niobrara.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-8895\" src=\"http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2015\/08\/Niobrara.png\" alt=\"Niobrara\" width=\"754\" height=\"436\" \/><\/a><\/p>\n<p>The EIA has Niobrara peaking in March, almost flat for one month then declining sharply after that for a total decline of 75 thousand barrels per day after that.<\/p>\n<p>The Permian was the only major shale area with no decline so far. The EIA has the Permian up 29 thousand barrels per day since the rest of the field, combined, peaked in April.<\/p>\n<p><a href=\"http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2015\/08\/Total-Shale.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-8896\" src=\"http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2015\/08\/Total-Shale.jpg\" alt=\"Total Shale\" width=\"758\" height=\"445\" \/><\/a><\/p>\n<p>The EIA has total shale peaking in April at 5,434000 bpd and declining by 360 thousand barrels per day by September to 5,074000 bpd. 360,000 barrels per day is quite a decline by September.<\/p>\n<\/div>\n<p>&nbsp;<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>US Shale Declining and OPEC Still Climbing There is new data out today. The EIA published their\u00a0International Petroleum Statisticsyesterday. The EIA also published their\u00a0Drilling Productivity Report\u00a0which gave their expected shale oil and gas production through September. Then this morning OPEC published their\u00a0Monthly Oil Marketing Report\u00a0with OPEC crude only production numbers through July. First the Drilling [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[185,251,8025,1775,600,6245,6074,1358],"class_list":["post-10939","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-crude-oil-production","tag-eia","tag-international-petroleum-statistics","tag-oil-price-collapse","tag-opec","tag-peak-oil-barrel","tag-ron-patterson","tag-us-shale"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/10939","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10939"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/10939\/revisions"}],"predecessor-version":[{"id":10940,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/10939\/revisions\/10940"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10939"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10939"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10939"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}