North Dakota has published January production data for the Bakken and for all North Dakota. Bakken production was up 37,617 bpd to 932,817 bpd while all North Dakota’s production was up 37,972 to 980,294 bpd.
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The future output from the light tight oil (LTO) sector of the US oil industry is the subject of much speculation. Above I present some possible future output scenarios based on a simple model of US LTO, the scenarios are … Continue reading
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A Guest Post by SK SK is a professor emeritus in the department of Mechanical and Aeronautical Engineering at a Major University in the USA. Corrections to the first three equations were made on Feb 25, 2017. The report reviewed here claims … Continue reading