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GULF OF MEXICO DISCOVERIES, RESERVES AND PRODUCTION
A Guest Post by George Kaplan
Part I Discoveries and Reserves
The following are a few charts and observations concerning the US Gulf of Mexico production, with data mostly taken from BOEM for the OCS and a bit from EIA. The BOEM data site has been updated and makes it easy to get the raw data, but not in a very easily discerned way. This post is intended to make it a bit easier to follow and come to your own conclusions concerning the likely future of GoM production.
I’m sure I’ve made a few mistakes in getting and downloading the data, but the relative trends are probably more informative than absolute values so there will need to be follow up revisions as new data is available and hopefully any issues will get smoothed out. Reserve data is available for 2015. New data for 2016 is likely not available until the end of the year, but when it is it will be interesting to see what changes there are. The main focus here is on oil but gas data is also presented. Production data is issued twice monthly but some, such as for BP, is up to six months late so I’ve just assumed daily flow stays constant to fill in any gaps. Read More
Texas Update- June 2017
Dean Fantazzini has provided me with updates to Texas Oil and Natural Gas estimates, the data shifted about a year ago so I use the most recent 13 months of Texas RRC data along with the “all vintage” data estimate which uses all data from Jan 2014 to April 2017 for oil and April 2014 to April 2017 for condensate. The most recent EIA estimate is shown for comparison. In April 2017 the EIA estimate is 3345 kb/d, the 13 month corrected estimate is 3443 kb/d, and the all vintage estimate is 3572 kb/d. Read More
MEXICO Oil Reserves and Production
This is a Guest Post by George Kaplan
In dollar terms, since mid 2015 Mexico has been a net importer of hydrocarbons (oil, natural gas, petroleum products and petrochemicals combined). To date it has been a relatively small and fairly constant amount, but with their oil production declining, and oil prices apparently continuing to fall while natural gas prices may be on the rise, the net cost could now start to increase.
World Energy 2017-2050: Annual Report
A Guest post by:
Dr. Minqi Li, Professor
Department of Economics, University of Utah
E-mail: minqi.li@economics.utah.edu
This Annual Report evaluates the future development of world energy supply and its impact on the global economy as well as climate change. The report projects the world energy supply and gross world product (global economic output) from 2017 to 2050. It also projects carbon dioxide emissions from fossil fuels burning and the implied global average surface temperature from 2017 to 2100.
Figure 18
Sources: World historical oil, natural gas, and coal consumption from 1950 to 1964 is estimated from carbon dioxide emissions (Boden, Marland, and Andres 2017); world primary energy consumption and its composition from 1965 to 2016 is from BP (2017); world primary energy consumption and its composition from 2017 to 2050 is based on this report’s projections. Read More