A guest post by Ovi
All of the oil (C + C) production data for the US state charts comes from the EIAŹ¼’s Petroleum Supply monthly PSM. After the production charts, an analysis of three EIA monthly reports that project future production is provided. The charts below are updated to July 2021 for the 10 largest US oil producing states.
Comments not related to oil or natural gas production in this thread please. Thank you.
Read MoreThe increase in remaining C&C reserves that has been seen over the last few years, and has come mostly from growth in Johan Sverdrup, has run its course and there was a significant drop in 2020, even as production continued to climb. The reserve replacement ratio has been 38%, 174%, -24%, -75% for 2017 through 2020.
The Norwegian NPD does not use the standard proven/probable/possible categories but based on the way growth occurs the dark colours are close to a P1 reserve number (producing or in development in NPD terms) and the light colour represents a resources or a P3 value (production in clarification or production likely but not yet evaluated). Growth mostly is given by moving resources from the light areas to the dark. New discoveries are usually initially added to the resources.
Comments not related to oil or natural gas production in this thread please. Thanks.
The OPEC Monthly Oil Market Report for September 2021 was published this past week. The last month reported in each of the charts that follow is August 2021 and output reported for OPEC nations is crude oil output in thousands of barrels per day (kb/d). In the charts that follow the blue line is monthly output and the red line is the centered twelve month average (CTMA) output.
