The labels in the chart above are for the “corrected (3 month)” estimate. This estimate (now preferred by Dean Fantazzini) is 35 kb/d lower than the EIA estimate for Sept 2016 (which is the most recent EIA estimate). Texas C+C output has fallen by about 500 kb/d from the April 2015 peak. Read More
Non petroleum comments in this thread please.
Jean Laherrere has posted the following charts and comments on Bakken and World oil reserves.
EIA proved reserves on Bakken (ND +Montana) plus cumulative production have changed at end :
-2012 3754 Mb
-2013 5701 Mb
-2014 7203 Mb
-2015 6671 Mb
As shown in this graph in red squares, together with HL ultimates, USGS estimates and cumulative production.
ThisEIA CP+RR value (which is assumed to trend towards the oil ultimate) has increased sharply from 2012 to 2014 and has decreased in 2015 (this decrease may continue towards which value?).
Please post comments not directly related to Petroleum in this thread.
Thanks
North Dakota just released their production numbers for the Bakken as well as for all North Dakota
The numbers are shocking. The Bakken is up 70,798 bpd to 991,722 bpd and all North Dakota was up 71,447 bpd to 1,043,207 bpd. The EIA’s drilling productivity report really missed the ball on this one.