The Texas Rail Road Commission just released their oil and gas production report with the August data. As you probably know by now that this data is incomplete. The latest months will all turn down but as more companies report their data, which can be up to two years late, the data will reflect what is actually produced.
There is something strange about the August data however. This is the first time since last November that all four data sets, Crude, Condensate, Gas Well Gas and Casinghead (Associated) gas, are show lower production than the previous month. So keeping in mind that the previous months data was just as incomplete as this months is, the data should, if production is increasing, still show an increase. This month however, it does not.
All oil data is in barrels per day and all Gas data is in MCF per day with the last data point August 2013.
The August crude only data was 124,723 bpd below July.
Texas Condensate was moving up rather smartly until June of 2013. Since then it has been erratic. It is clear that Texas condensate production is not increasing very much and may now actually be declining. Texas condensate (incomplete data) dropped 41,175 bpd, July to August.
North Dakota production by county is posted here: ND Historical Barrels of Oil Produced by County Confidential wells are not included in that data however but that estimated data can be found here:Monthly Production Report Index Click on the latest month.
This is a zero based chart and gives a better overall picture of production from each county. The charts below are not zero based but gives an amplified picture of production from each county.
Production in barrels per day for each county was as follows:
Rest of ND 131,531
McKenzie county production was up by 16,435 barrels per day. McKenzie remains the most productive county in North Dakota.
The new Bakken and North Dakota production data is out with the August production numbers. The last data point for all charts is August 2014.
Bakken oil production was up 16,864 bpd in August to 1,067,745 bpd. This is about 6,100 barrels per day less than the growth in July which was 22,965 bpd. However all North Dakota was up 17,910 bpd in August compared to 21,661 growth in July. This was a growth of 1,046 bpd for North Dakota production outside the Bakken. In July production outside the Bakken was down 1,304 bpd.
The big surprise this month was in wells completed and wells producing. Bakken wells producing increased by 211 and all north Dakota wells producing increased by 274. That meant wells producing outside the Bakken increased by 63. That is a real shocker since Helms says 95% of all activity is in the Bakken. From the Director’s Cut, bold mine: Continue reading
The OPEC Monthly Oil Market Report has just came out with OPEC production data for September 2014. All production numbers are in thousand barrels per day with the last data point September 2014.
The August production numbers were revised down 275,000 bpd from 30,347 kbd to 30,054 kbd. Current OPEC 12 production stands at 30,474 kbd, up 402 from the revised numbers.
Saudi Arabia’s August production numbers were revised down 202 kbd. With that revision they are down another 50 kbd in Septemer to 9,605 kbd.
The EIA just came out with their SHORT-TERM ENERGY OUTLOOK. The non-OPEC data is liquids. The EIA counts everything, all biofuels, NGLs and refinery process gain in their “Total Liquids” category.
The data below, unless otherwise specified, is in million barrels per day. The last recorded data point is September 2014 and the projection is through December 2015.
The EIA is expecting non-OPEC total liquids to be up 1.17 million barrels per day over the next 15 months, October 2014 through December 2015.
The EIA is projecting US Total Liquids to be up 1.44 million barrels per day over the next 15 months. That means they are expecting the rest of non-OPEC to be down 270 thousand barrels per day December 2015.