Texas RRC Report April Production Data

Ron Patterson 130 Comments

The Texas Rail Road Comission has released their latest report with oil, gas and condensate production for April. The RRC data is always incomplete however and takes many months for the all the data to trickle in. The below chart shows that problem.

Texas RRC-EIA

The data is barrels per data with the EIA data through March and RRC data through April. The EIA has Texas C+C data is highly linear for the 10 months June 2013 through March 2014, increasing at 48 kb/d for 4 months, 41 kb/d for one month then 49 kb/d for the last 5 months.

The EIA has Texas C+C increasing at an average of 48.6 bp/d each month for the last two years. I think that is a little high. I think the production has been increasing at close to 43 kb/d each month but with a recent slow down in that increase.

Texas C+C

All Texas RRC June report data is through April. The RRC does not combine Crude with Condensate so I have to add the two. But here you can see the problem. Each month the reported data increases with the latest months showing the largest increase. However even if this is the case, the latest month should show an increase almost equal to the final total increase for that month. That was the case in the April Report, (January to February), but not the case for the last two reports.
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BP Statistical Review of World Energy 2014

Ron Patterson 88 Comments

BP has released its Statistical Review of World Energy 2014. There are a lot of things in this report but I am only posting charts on liquid petroleum only. The BP report includes crude oil and NGLs. Their data does not include ethanol or any type of biofuels or process gain. The report actually has data from 1965 but I started all charts from 1990 in order to highlight more recent production. All data is in kb/d.

BP World

BP has World liquids output up 557 kb/d in 3013.

BP United States
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OPEC Update and news from Iraq

Ron Patterson 356 Comments

The new OPEC Monthly Oil Market Report just came out with their Crude Only production numbers for May. All data in the OPEC charts are in thousands barrels per day.

OPEC 12

There was very little in production changes and no surprises in the May data. Total OPEC production was up 142,000 barrels per day and that was after the April numbers had been revised up by 29,000 bpd.

Iraq

Everyone is concerned about Iraq. Iraq’s April numbers were revised down by 22,000 bpd and May production was up 18,000 above that revised number. Iraqi production stood at 3,331,000 bpd in May but I expect that number will change in June and most definitely in July.
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The EIA’s Drilling Productivity Report and Other News

Ron Patterson 141 Comments

The EIA just released its latest Drilling Productivity Report which is a report on all major shale plays in the U.S. All the data below, unless otherwise noted, is in barrels per day.

Three Plays

The EIA includes the Permian production as shale or light tight oil production. No doubt some tight oil is produced in the Permian but I think most Permian oil is conventional oil.

Total Shale Oil

Total shale oil production from all six shale plays. However I believe perhaps one million barrels of this is conventional production.
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