Annual Reserve Revisions Part IV: Shale Producers

A guest post by George Kaplan

EIA Liquids Reserve Estimates

This follows on from Part I, which looked at EIA reserves and revision estimates for US as a whole and the GoM, and concentrates on the on-shore tight oil and (below)gas producing regions.

The EIA issues revision data by whole states or state districts rather than by basin, so some of the reserves and production, but a small proportion, will be from conventional reservoirs. It does give total reserves for each shale basin but not the changes, and I didn’t go to the trouble of pro-rating everything against that. Its data only goes through 2019; the 2020 update will be out in December or January.

The regions for each basins used are Permian – Texas Districts 7C, 8 and 8A and East New Mexico; Bakken –  North Dakota and Montana; Eagle Ford – Texas Districts 1, 2, 3 and 4 Onshore; Niobara –  Colorado; Marcelus – Pennsylvania and West Virginia; Utica –  Ohio; Haynesville – Louisiana South Onshore and Texas District 6; Barnett – Texas Districts 5, 7B and 9; Woodford – Oklahoma ; Fayetteville – Arkansas.

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February Non-OPEC Oil Production Sinks

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 EIAʼs International Energy Statistics and updated to February 2021. Information from other sources such as OPEC, the STEO and country specific sites such as Russia, Norway and China is used to provide a short term outlook for future output and direction for a few countries and the world.

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OPEC Update, June 2021

The OPEC Monthly Oil Market Report for June 2021 was published this past week. The last month reported in each of the charts that follow is May 2021 and output reported for OPEC nations is crude oil output in thousands of barrels per day (kb/d). In the charts that follow the blue line with markers is monthly average output and the red line without markers is the centered twelve month average (CTMA) output. 

Figure 1
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