Dean has provided his monthly update for Texas Oil and Natural Gas. The most recent month’s estimate is often volatile and may be ignored, the June and May estimates are likely pretty good (within 1% and 2%), the April 2016 estimate is likely to be robust(within 1% of the final value). The June EIA estimate is 240 kb/d lower than Dean’s estimate (about 7% too low). Read More
Please post topics not directly related to oil and natural gas here.
Comments not related to Oil or natural gas should be posted here.
This post is for comments not related to oil or natural gas.
There is a new post by Ron Patterson as well.
In this post, I will address 3 topics relating to the Northern Deepwater Gulf of Mexico –
1. Historical oil production
2. One view of the future of exploration
3. EUR ranges
I will limit my comments to oil production (not gas production). All production data is from BSEE/BOEM. The play outlines on the map are my best estimates. I will be using the BSEE definition of deepwater which includes water depths greater than 1000’. And, I will be assuming a Business As Usual future – by that I mean that fossil fuels will continue to be an important an energy source, and the world will continue to be able to afford them. Read More