In the discussion here I use the term net volume to refer to the volume of prospective rock that might be developed to produce tight oil. For each bench of a prospective tight oil play (Wolfcamp A would be one example of a bench) there is an area estimate (5733 thousand acres for Wolfcamp A of Delaware) and a success ratio (%) = 94.7, in the case of Wolfcamp A. Net acres are the total acres times the success ratio, for Wolfcamp A, 5429 thousand net acres. On average the Wolfcamp A of the Delaware basin is about 400 feet thick, so the net volume would be net acres times thickness or 2172 million acre-feet. An acre-foot is a volume that is one acre (44,000 square feet) by one foot thick or 44,000 cubic feet (or a box that is 1000 ft long by 44 feet wide by 1 foot high.)
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OPEC Production Data for October 2019
OPEC 14 bounced back from last month’s decline. And there were major revisions in the September data. Saudi Arabia’s September production was revised up 232,000 bpd, Nigeria’s production revised up by 96,000 bpd and OPEC 14 September production was revised up by 316,000 bpd.
Read MoreOpen Thread Non-Petroleum, November 14, 2019
Comments not related to oil or natural gas production in this thread, please. Thank you
Open Thread Non-Petroleum, November 7, 2019
Comments not related to oil or natural gas production in this thread please. Thank you
USA Oil Production by State Updated to August 2019
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.
