Comments related to oil and/or natural gas production in this thread. Thanks.
Category: Oil Production
Open Thread Petroleum, December 31, 2018
Comments related to Oil and Natural Gas in this thread please.
Open Thread Petroleum, December 24, 2018
Comments on oil and natural gas production in this thread.
Mexico Production and Reserves, 1H2018
A Guest Post by George Kaplan
Mexico C&C Production
Mexico oil production is in decline though, at the moment, not as steep as it was expected to be (at least by me – IEA predictions are closer).
Data is through June and comes from Pemex and National Hydrocarbons Information Center (CNIH) (both sites are pretty good).
For June C&C was 1870 kbpd, down 25 kbpd from May and 170 kbpd y-o-y. Yearly decline rates for each region are shown in the chart below. Production peaked in 2004/2005 at just over 3500 kbpd, so overall decline is approaching 50%.
Most of the decline has been in light oil and condensate, with heavy oil holding fairly level.
World Oil 2018-2050: World Energy Annual Report (Part 2)
A guest post by Dr. Minqi Li, Professor
Department of Economics, University of Utah
E-mail: minqi.li@economics.utah.edu
July 2018
This is Part 2 of the World Energy Annual Report in 2018. This part of the Annual Report provides updated analysis of world oil production and consumption, evaluates the future prospect of world oil supply and considers the implications of peak oil production for global economic growth.
(See Figure 18 near end of paper) Read More