The Texas RRC Oil and Gas production data is out. All the RRC data below is through October 2015 and all the EIA data below is through September 2015.
Important: All the Texas RRC data is incomplete, especially the latter months. They will be revised upward as the Texas RRC gathers more data. The EIA data is what the EIA expects the final data will look like.
The RRC Crude + Condensate data for October shows a slight decline in October. The EIA says Texas C+C was flat, August to September.
The Bakken and North Dakota production data for October is out. The Numbers a little surprising.
Bakken production was up 7,520 barrels per day to 1,113,930 bpd while all North Dakota was up 6,787 bpd to 1,168,950 bpd.
The EIA’s Drilling Productivity Report has US shale oil on a steep decline. The below shale oil production charts are the EIA’s estimate of what shale production will look like through January 2016. Keep in mind this is the EIA’s estimate and not hard production numbers.
The big drops here are Eagle Ford, Bakken and Niobrara. They have the Permian still increasing in production. An expected drop of 116,000 barrels per day drop in January is very significant.
They have the Bakken in a continual decline after July. It is important to note that the EIA’s Drilling Productivity Report has the Bakken decline, July thrugh September, very close to what the North Dakota Industrial Commission has. So it appears that the DPR is getting better with its production estimates.
Had to take the post down folks, the reputable firm threatened to sue me. Sorry.
Ron
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The EIA has released their Petroleum Supply Monthly with September production numbers for states and total US. It was pretty much a non event. So I am just releasing this post as an open thread.
The Petroleum Supply Monthly has US production down 20,000 bpd in September. The EIA’s Monthly Energy Review which came out a few days ago with data through October, has US Production down 195,000 bpd in September and down 7,000 bpd in October.