{"id":19151,"date":"2016-03-24T19:26:19","date_gmt":"2016-03-25T00:26:19","guid":{"rendered":"http:\/\/olduvai.ca\/?p=19151"},"modified":"2016-03-24T19:26:19","modified_gmt":"2016-03-25T00:26:19","slug":"texas-oil-and-gas-production-march-2016","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=19151","title":{"rendered":"Texas Oil and Gas Production March 2016"},"content":{"rendered":"<header>\n<h3 class=\"entry-title\"><a href=\"http:\/\/peakoilbarrel.com\/texas-oil-gas-production-march-2016\/\" target=\"_blank\">Texas Oil and Gas Production March 2016<\/a><\/h3>\n<div class=\"entry-meta\">Most of the charts that follow were produced by Dean Fantazzini and are in barrels of output per day for oil, condensate, and oil plus condensate except where noted. In my opinion Dean\u2019s estimates for Texas output for the most recent 24 months are the best that I have seen.\u00a0 I appreciate him sharing his outstanding work with us.<\/div>\n<\/header>\n<div class=\"entry-content\">\n<p><img decoding=\"async\" src=\"https:\/\/sites.google.com\/site\/dc78image\/images\/blog160323.png\" alt=\"TXchart\/\" border=\"0\" \/><\/p>\n<p>In the chart above corrected output is 3477 kb\/d for TX C+C in Jan 2016, an increase of 73 kb\/d from Dec 2015.\u00a0 Note that from May 2015 to Dec 2015 the most recent month\u2019s estimate has been about 28 kb\/d too high on average, so actual Jan 2016 output might be about 3450 kb\/d.<span id=\"more-12133\"><\/span><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/sites.google.com\/site\/dc78image\/images\/blog160323b.png\" alt=\"TXchart\/\" border=\"0\" \/><\/p>\n<p>The chart above compares Dean\u2019s corrected C+C estimate with both the EIA estimate and RRC data which is incomplete for the most recent 24 months. The \u201cRRC error %\u201d is Dean\u2019s \u201ccorrected\u201d divided by RRC data minus one times 100 and is read from the right axis.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/sites.google.com\/site\/dc78image\/images\/blog160323c.png\" alt=\"TXchart\/\" border=\"0\" \/><\/p>\n<p>Texas oil output was 3014 kb\/d in Jan 2016 based on Dean\u2019s corrected estimate, an increase of 73.5 kb\/d from Dec 2015.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/sites.google.com\/site\/dc78image\/images\/blog160323d.png\" alt=\"TXchart\/\" border=\"0\" \/><\/p>\n<p>The corrected Texas condensate output was 463 kb\/d in Jan 2016, a decrease of 1 kb\/d from Dec 2015.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/sites.google.com\/site\/dc78image\/images\/blog160323e.png\" alt=\"TXchart\/\" border=\"0\" \/><\/p>\n<p>The chart above is in thousands of cubic feet per day. The Jan 2016 corrected estimate is 2381 million cubic feet per day, a decrease of 176 million cubic feet per day from Dec 2015.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/sites.google.com\/site\/dc78image\/images\/blog160323f.png\" alt=\"TXchart\/\" border=\"0\" \/><\/p>\n<p>The chart above shows how Dean\u2019s estimates have changed over time from April 2015 to Jan 2016. Notice especially the big change in the estimates from April to June 2015, after that the estimates seem to converge nicely from June 2015 through Jan 2016. My guess is that the data processing in Texas has been improving dramatically over the past 7 months.<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Texas Oil and Gas Production March 2016 Most of the charts that follow were produced by Dean Fantazzini and are in barrels of output per day for oil, condensate, and oil plus condensate except where noted. In my opinion Dean\u2019s estimates for Texas output for the most recent 24 months are the best that I [&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":[11379,1331,595,6245,2063],"class_list":["post-19151","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-dennis-coyne","tag-gas-production","tag-oil-production","tag-peak-oil-barrel","tag-texas"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/19151","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=19151"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/19151\/revisions"}],"predecessor-version":[{"id":19152,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/19151\/revisions\/19152"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19151"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19151"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19151"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}