This open thread is for anything energy related that is not specifically about oil or natural gas.
Where possible comments might be moved to this thread if they are posted in the wrong place.
Author: D C
Petroleum Supply Monthly, Texas C+C estimate, Permian, and Eagle Ford
This post was written by Dennis Coyne and does not necessarily reflect the opinion of Ron Patterson.
I have considered an alternative way of estimating Texas oil (C+C) output using the Drilling info data provided in the EIA’s 914 monthly production reports.
The Texas estimate is a weak part of the EIA’s estimate for US C+C output. In the chart above I show the EIA’s most recent monthly estimate from the Petroleum supply monthly and compare with an alternative estimate that substitute’s my best estimate for EIA’s TX C+C estimate. The slope of the trend line needs to be multiplied by 366 to give the decline at an annual rate, for the EIA estimate it is 528 kb/d per year, and for the alternative estimate it is 364 kb/d per year. Read More
Texas Oil and Natural Gas- June 2016
Dean has shared his estimates for Texas Oil and Natural Gas output. Texas (TX) C+C output was revised lower by -10, -17, -22, -18, and -52 kb/d for Nov 2015 through March 2016 respectively. Output in April 2016 increased by 27 kb/d from the revised March 2016 estimate to 3511 kb/d. The EIA estimate for March 2016 is 3276 kb/d, and Dean’s revised estimate is 3484 kb/d, 208 kb/d more than the EIA estimate.
Texas Update May 2016 and Eagle Ford Output Estimate
Dean has provided me with his latest update for Texas Oil and Natural Gas production. Texas C+C output has increased slightly over the first 3 months of 2016.
Texas C+C output was 3549 kb/d in March 2016, about 39 kb/d higher than February. Read More
Wind and Solar Scenarios and Non-Fossil Fuel open thread- May 25, 2016
Wind and solar energy consumption have grown quickly from 1994 to 2014 based on data from BP’s Statistical Review of World Energy 2015 at a rate of 25% per year combined. Historical data on oil consumption from 1900 to 1975 shows that oil use grew by about 7% per year over that period. Note that this rate of growth was constrained by demand for energy as evidenced by very low oil prices from 1950 to 1972 and the high rates of oil consumption growth from 1960 to 1970. World GDP and population grew rapidly over that period before supply constraints became apparent and rates of oil consumption growth slowed markedly after 1979.
Read More