Peak Oil Barrel – Page 191 – The Reported Death of Peak Oil Has Been Greatly Exaggerated

Texas RRC Report and Other Peak Oil News

03/20/201503/20/2015 Ron Patterson 499 Comments

The Texas Rail Road Commission has released its latest stats with production numbers through January. There is always a delay in these numbers and that is why you see the production graph lines seem to droop toward the recent months. Because of this I post six months data so the data can be compared in order to gain a better insight into which way production is heading.

All Texas oil and gas data is through January. The Oil data is in barrels per day and the gas data is in MCF.

Texas condensate will likely show a small gain when the data is finally in. Either way it will not be enough to make much difference in the final C+C January production.

I believe Texas crude only will be down in January. This shows a huge decline from the December incomplete data. The EIA data is through December only.

Read More

OPEC Crude plus More on EIA Estimates

03/16/201503/20/2015 Ron Patterson 683 Comments

The katest OPEC Monthly Oil Market Report is out with OPEC crude only production numbers for February. All data in the OPEC charts below is in thousand barrels per day and the last data point is February 2015.

Total OPEC crude only production was down 137,600 barrels per day in February.

Algeria seems to have stabilized their decline.

Read More

Bakken Data plus The EIA versus The EIA

03/12/201503/12/2015 Ron Patterson 773 Comments

The NDIC has just published the latest oil production data from the Bakken.
Monthly Oil Production Bakken Only
Monthly Oil Production All North Dakota

Bakken production dropped by 34,619 barrels per day while all North Dakota oil production fell by 36,927 barrels per day.

Bakken barrels per day per well fell by 5 to 125 while all North Dakota barrels per day per well fell by 3 to 101.

Bakken Wells Producing increased by 107 to 9,052 while all North Dakota Wells Producing increased by only 49 to 11,796.

Read More

The Oil Shock Model with Dispersive Discovery- Simplified

03/09/201511/14/2019 D Coyne 475 Comments

This is a guest post by Dennis Coyne

Originally posted at peak oil climate and sustainability

Some changes have been made to this post see after the Excel File link. Below figure 10.

The Oil Shock Model was first developed by Webhubbletelescope and is explained in detail in The Oil Conundrum. (Note that this free book takes a while to download as it is over 700 pages long.) The Oil Shock Model with Dispersive Discovery is covered in the first half of the book. I have made a few simplifications to the original model in an attempt to make it easier to understand.

shockmodfig/

Figure 1

In a previous post I explained convolution and its use in modelling oil output in the Bakken/Three Forks and Eagle Ford LTO (light tight oil) fields. Briefly, an average hyperbolic well profile (monthly oil output) is combined with the number of new wells completed each month by means of convolution to find a model of LTO output.

Read More

World Rig Counts Declining

03/06/201503/06/2015 Ron Patterson 461 Comments

The weekly Baker Hughes Rig Count for North America and the International monthly rig count is out. In the charts below the monthly data is through February 2015 and the weekly data is as of March 6th.

World Rig Count, counting oil, gas and miscellaneous rigs are down 684 rigs over the last three months. The annual spikes you here are caused by Canada.

Removing the seasonal Canadian spikes gives you a better picture of what is happening to the world rig count.

Read More