Category: Texas

Non-OPEC Output Reaches New High

Ovi 172 Comments

Below are a number of oil (C + C ) production charts for Non-OPEC countries created from data provided by the EIA’s International Energy Statistics and updated to October 2019.  Information from other sources such as the IEA and OPEC is used to provide a short term outlook for future output and direction.

Non-OPEC production increased by 382 kb/d to 50,930 kb/d in October from 50,512 kb/d in September. This is second highest monthly increase for 2019 after the August increase of 699 kb/d.

October’s production exceeded the previous high of 50,919 kb/d reached in December 2018 by 11 kb/d. Gains from Norway, U.S, and Canada overcame declines from other countries to post the new October record.

Contrast what has happened with output in 2019 with 2018.  From December 2017 to December 2018, production increased from 47,768 kb/d to 50,919 kb/d, an increase of 3,151 kb/d. Of this, the three largest contributors were U.S., Russia, and Canada.  From December 2018 to October 2019, production so far has increased by 11 kb/d. How much will the next two months add?

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U.S. Oil Production Is Competing Against Decline

Ovi 254 Comments

A Post by Ovi at peakoilbarrel . com

All of the oil production data for the US states comes from the EIAʼs Petroleum Supply Monthly. In addition, information from other EIA offices is provided to project future US output. At the end, an estimate is made for the decline rate in the L48 conventional oil fields and an analysis of a few different EIA reports is undertaken.

The charts below are updated to October 2019 for the 10 largest US oil producing states (>100 kb/d).

U.S. oil output continued to increase in October 2019. Production reached a new high of 12,655 kb/d, an increase 171 kb/d over September and 55 kb/d higher than estimated by the December Monthly Energy Review (MER). However it is 93 kb/d lower than the 12,748 kb/d estimated in the December STEO report. This could be an indication that the January STEO report will again lower US production estimates for 2020.

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USA Oil Production by State Updated to August 2019

Ovi 167 Comments

All data for this post is from the EIA’s Petroleum Supply Monthly

The charts below are primarily for the largest US oil producing states (>100 kb/d) and are updated to August 2019.  If you are interested in additional states, let it be known.

Ron has asked if I would take over the monthly posts for USA oil production.  I have tentatively agreed to do that.  Let us all thank Ron for his work at tracking US production and for his insights.  Ron will continue to monitor what’s happening with US production and provide his comments. He is not going away.

This is my first post on US production by state. If you spot any errors, please let me know and I will try to fix them.

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