{"id":19321,"date":"2016-03-30T14:18:56","date_gmt":"2016-03-30T19:18:56","guid":{"rendered":"http:\/\/olduvai.ca\/?p=19321"},"modified":"2016-03-30T14:19:18","modified_gmt":"2016-03-30T19:19:18","slug":"19321","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=19321","title":{"rendered":"US shale oil peak in 2015"},"content":{"rendered":"<h3 class=\"entry-title\"><a href=\"http:\/\/crudeoilpeak.info\/us-shale-oil-peak-in-2015\" rel=\"bookmark\">US shale oil peak in 2015<\/a><\/h3>\n<div class=\"entry-content clearfix\">\n<p>The recent EIA drilling productivity reports show a peaking of shale oil production in the main production regions.\u00a0<a href=\"https:\/\/www.eia.gov\/petroleum\/drilling\/\">https:\/\/www.eia.gov\/petroleum\/drilling\/<\/a><\/p>\n<p><a href=\"http:\/\/crudeoilpeak.info\/wp-content\/uploads\/2016\/03\/Bakken_Mar2016.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-7845\" title=\"Bakken_Mar2016\" src=\"http:\/\/crudeoilpeak.info\/wp-content\/uploads\/2016\/03\/Bakken_Mar2016.jpg\" alt=\"\" width=\"597\" height=\"1353\" \/><\/a><\/p>\n<p align=\"center\">Fig 1: Bakken production change from old\/new wells<\/p>\n<p>The 1st panel shows that the number of drilling rigs has dropped sharply but the initial well production per rig has increased from 450 b\/d to 750 b\/d. The 2<sup>nd<\/sup>\u00a0panel depicts the monthly production decline in old wells, which has stabilized at around 60 kb\/d. This is the volume needed to keep production flat but the 3<sup>rd<\/sup>\u00a0panel shows that new wells offset only about half of the decline. That is why in panel 4 overall production declines.<\/p>\n<p><a href=\"http:\/\/crudeoilpeak.info\/wp-content\/uploads\/2016\/03\/Bakken_new_old_wells_balance_Oct2013-Mar2016.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-7846\" title=\"Bakken_new_old_wells_balance_Oct2013-Mar2016\" src=\"http:\/\/crudeoilpeak.info\/wp-content\/uploads\/2016\/03\/Bakken_new_old_wells_balance_Oct2013-Mar2016.jpg\" alt=\"\" width=\"600\" height=\"410\" \/><\/a><\/p>\n<p align=\"center\">Fig 2: History of production change<\/p>\n<p>We see that in 2015 production from new wells declined abruptly. The intersection point with old wells corresponds to the peak in production. The old wells decline has moderated suggesting that more and more old wells have entered their phase of final, flat production at very low levels.<\/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>US shale oil peak in 2015 The recent EIA drilling productivity reports show a peaking of shale oil production in the main production regions.\u00a0https:\/\/www.eia.gov\/petroleum\/drilling\/ Fig 1: Bakken production change from old\/new wells The 1st panel shows that the number of drilling rigs has dropped sharply but the initial well production per rig has increased from [&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":[1989,6292,416,433,617,13187,1462,827,846],"class_list":["post-19321","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-1989","tag-crude-oil-peak","tag-iea","tag-international-energy-agency","tag-peak-oil","tag-shale-oil-peak","tag-shale-oil-production","tag-united-states","tag-us-shale-oil"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/19321","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=19321"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/19321\/revisions"}],"predecessor-version":[{"id":19323,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/19321\/revisions\/19323"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}