A Guest Post by George Kaplan
Overall Annual Production
US Gulf of Mexico C&C production has had a series of peaks; firstly two from shallow oil, the middle acceleration probably caused by the mid seventies oil shock; followed by deep oil development and finally by ultra deep oil, with a dip in the middle from the Deep Horizon drilling hiatus. Most production has come from eastern and central (i.e. mainly Louisiana) with some, and falling, from the western section (Texas).
Comments not related to oil or natural gas production in this thread please.
A post by Ovi at peakoilbarrel
Below are a number of oil (C + C ) production charts for Non-OPEC countries created from data provided by the EIA’s International Energy Statistics and updated to March 2020. Information from other sources such as the OPEC and country specific sites is used to provide a short term outlook for future output and direction.
Near the end, there is a section comparing World oil production with World oil production W/O the US. Interestingly, World oil W/O the US peaked two years before World oil production. The last section provides a short summary of The Shift Report, where it shows the increasing difficulty oil producing countries will have in offsetting decline in old oil fields and the difficulty in getting back to pre-pandemic supply levels.
It would be appreciated if we could have some further comments on these two sections before the Covid comments start. Does the fact that world oil production W/O the US peaked two years before World oil production make it more likely that November 2018 will continue to be the date for Peak Oil? Are there any weaknesses or missing or newer information that could shift the Shift Report time frame for meeting world demand post 2025?
Comments not related to oil or natural gas production in this thread, please. This includes commentary on the pandemic. Thanks.
All OPEC data below is from the July 2020 OPEC Monthly Oil Market Report.
All OPEC data is through June 2020 and is in thousand barrels per day. All copied and pasted texts are in italics.
OPEC cut further in June, down almost 1.2 million barrels per day. They are down about 6.8 million barrels per day since November 2019.
All OPEC major producers cut production in June. The tiny producers didn’t seem to bother.
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