The North Dakota Industrial Commission has published the July production data for The Bakken and for all North Dakota.
Bakken production was down 5,430 barrels per day while all North Dakota was down 9,410 bpd.
Tag: Bakken
Jean Laherrere’s Bakken Update
Jean Laherrere sent me the below charts the other day. I had planned on posting them with more Bakken data. But my schedule has been busy so I am posting them alone.
Jean’s interpretation for ND is as follows
Bakken ultimate = 3 Gb
Non Bakken ultimate = 2.2 Gb
ND ultimate 5.2 Gb
Detail
Quite symmetrical like the EIA drilling productivity data, but in contrary to EIA/AEO2015 with a peak in 2020
It will be interesting to see the evolution in the next few months
The Hubbert Linearization puts the Bakken about half way to the end.
Bakken Production Data and STEO Predictions
The Bakken Production Statistics and the ND Production Statistics with June production numbers has been published.
Bakken production was up by 10,887 barrels per day to 1,152,455 BPD while all North Dakota production was up by 8,565 barrels per day to 1,211,180 BPD. Bakken production is still 11,068 bpd below their December high while all North Dakota production is still 17,240 bpd below their December high.
US Shale Declining and OPEC Still Climbing
There is new data out today. The EIA published their International Petroleum Statistics yesterday. The EIA also published their Drilling Productivity Report which gave their expected shale oil and gas production through September. Then this morning OPEC published their Monthly Oil Marketing Report with OPEC crude only production numbers through July.
First the Drilling Productivity Report. Of course most of the Drilling Productivity Report is projection, not history. And that projection goes through September 2015.
The EIA has the Bakken peaking in December and declining 107 thousand barrels per day since that point. A secondary peak was reached in April and declining steadily since then.
US Oil Production Finally Starting to Decline
There has been very little data to post about recently and as everyone should know by now, I post primarily about data. So if there is no data there is not much to post about. Also I have been very busy for the a week now and have checked in only a couple of times.
A few days ago a very racist post was posted on this blog. I completely overlooked it as I seldom scan the posts because I get an email for every post so I just read the posts in the emails. But when there is a guest post, as the one last week was, I get no emails, the guest poster gets them instead. Anyway I deleted the post and banned the poster. I also banned another poster because he accused me of deliberately letting the post stay up. That outraged me. It was the same thing as accusing me of such racism.