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Month: January 2021
Permian Basin- The Death of Tight Oil Has Been Greatly Exaggerated
The future of tight oil output in the US will depend in large part on future development of Permian Basin resources in Texas and New Mexico. I have developed nine scenarios for future Permian basin tight oil output based on 3 levels of technically recoverable resources (TRR) and 3 different future oil price scenarios. These are summarized in the chart below.
Open Thread Non Petroleum, January 8, 2021
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US October Oil Production Declines
A post by Ovi at peakoilbarrel
To all of our participants, I wish you a Happy, Healthy and Prosperous New Year.
All of the oil (C + C) production data for the US state charts comes from the EIAŹ¼s Petroleum Supply monthly PSM. After the production charts, an analysis of three EIA monthly reports that project future US production is provided. The charts below are updated to October 2020 for the 10 largest US oil producing states.
Open Thread Non-Petroleum, January 1, 2021
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