{"id":1895,"date":"2014-11-21T06:57:06","date_gmt":"2014-11-21T11:57:06","guid":{"rendered":"http:\/\/olduvai.ca\/?p=1895"},"modified":"2014-11-21T06:57:06","modified_gmt":"2014-11-21T11:57:06","slug":"gulf-of-mexico-crude-oil-and-gas-production-peak-oil-barrelpeak-oil-barrel","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=1895","title":{"rendered":"Gulf of Mexico Crude Oil and Gas Production &#8211; Peak Oil BarrelPeak Oil Barrel"},"content":{"rendered":"<p><a href=\"http:\/\/peakoilbarrel.com\/jeans-post\/\">Gulf of Mexico Crude Oil and Gas Production &#8211; Peak Oil BarrelPeak Oil Barrel<\/a>.<\/p>\n<p style=\"margin-bottom: 24px;\"><a style=\"color: #0066cc; -webkit-transition-property: all; -webkit-transition-duration: 0.2s; -webkit-transition-timing-function: ease-in-out; -webkit-transition-delay: initial;\" href=\"http:\/\/www.boem.gov\/\">BOEM<\/a>\u00a0and\u00a0<a style=\"color: #0066cc; -webkit-transition-property: all; -webkit-transition-duration: 0.2s; -webkit-transition-timing-function: ease-in-out; -webkit-transition-delay: initial;\" href=\"http:\/\/www.bsee.gov\/\">BSEE<\/a>\u00a0have published in 2014 the GOM oil &amp; gas reserves at end 2010 few months ago and at end 2011 lately.<\/p>\n<p style=\"margin-bottom: 24px;\">The big change is that they now report\u00a0<strong style=\"font-weight: bold;\">proved and probable<\/strong>\u00a0reserves = 2P (in contrary to SEC rules for operators reporting at the US Stock Exchange, forbidding to report probable reserves), when before they reported only proved reserves = 1P<\/p>\n<p style=\"margin-bottom: 24px;\">They argue:<\/p>\n<p style=\"margin-bottom: 24px;\"><em style=\"font-style: italic;\">In order to more closely align BOEM GOM reserves definitions with the Petroleum Resources Management System definitions (SPE\/AAPG\/WPC\/SPEE 2007), this report clarifies that Proved Reserves in this and previous reports are Proved plus Probable (2P) estimates.<\/em><\/p>\n<p style=\"margin-bottom: 24px;\">The difference between original reserves estimates from previous year found little difference for discoveries before 1995<\/p>\n<p style=\"margin-bottom: 24px;\">The difference between 2P 2011 and 2P 2010 is a very large decrease for Thunder Horse (-488 Mb or 573 Mboe) and the largest increase is Great White +73 Mb<\/p>\n<p style=\"margin-bottom: 24px;\">&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gulf of Mexico Crude Oil and Gas Production &#8211; Peak Oil BarrelPeak Oil Barrel. BOEM\u00a0and\u00a0BSEE\u00a0have published in 2014 the GOM oil &amp; gas reserves at end 2010 few months ago and at end 2011 lately. The big change is that they now report\u00a0proved and probable\u00a0reserves = 2P (in contrary to SEC rules for operators reporting [&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":[184,349,1331,393,595],"class_list":["post-1895","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-crude-oil","tag-gas","tag-gas-production","tag-gulf-of-mexico","tag-oil-production"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/1895","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=1895"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/1895\/revisions"}],"predecessor-version":[{"id":1896,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/1895\/revisions\/1896"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1895"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1895"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1895"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}