Texas Update- June 2017

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Dean Fantazzini has provided me with updates to Texas Oil and Natural Gas estimates, the data shifted about a year ago so I use the most recent 13 months of Texas RRC data along with the “all vintage” data estimate which uses all data from Jan 2014 to April 2017 for oil and April 2014 to April 2017 for condensate. The most recent EIA estimate is shown for comparison. In April 2017 the EIA estimate is 3345 kb/d, the 13 month corrected estimate is 3443 kb/d, and the all vintage estimate is 3572 kb/d. Read More

MEXICO Oil Reserves and Production

This is a Guest Post by George Kaplan

In dollar terms, since mid 2015 Mexico has been a net importer of hydrocarbons (oil, natural gas, petroleum products and petrochemicals combined). To date it has been a relatively small and fairly constant amount, but with their oil production declining, and oil prices apparently continuing to fall while natural gas prices may be on the rise, the net cost could now start to increase.

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