Edit 12/2/2016, 8:30 AM EST. A corrected chart for correction factors below and a new chart added.
The railroad commission of Texas released September output data a few weeks ago and Dean Fantazzini made an estimate of the “corrected” data for crude plus condensate (C+C) and natural gas. Last month he found there had been a structural change in the data in March and provided a new estimate using only the most recent 3 months of data, I chose to use the most recent 6 months of data instead.
This month I will present the old estimate (labelled “all”) using all vintage data (dating back to April 2014) as well as the 6 month and 3 month estimate, which use the most recent 6 months and 3 months of data respectively. Continue reading
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An interesting paper was published by S.H. Mohr, J. Wang , G. Ellem , J. Ward , and D. Giurco in Feb 2015 entitled, Projection of world fossil fuels by country. It updates Steve Mohr’s earlier work in 2010 and can be found at the link below.
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Edited 11/24/16 11:36 AM EST
Based on the recent work by Steve Mohr et al published in 2015, I have updated my estimate of potential future fossil fuel resouces. Continue reading
Bakken oil production was down 10,119 barrels per day in September and all North Dakota production was down 10,353 bpd in September.
Bakken production continues to decline though I expect it to level off soon.