Bakken – Page 23 – Peak Oil Barrel

Post Carbon Institute’s LTO Reality Check

10/27/201410/28/2014 Ron Patterson 272 Comments

The Post Carbon Institute has just released a critique of the EIA’s Light Tight Oil projections. It is titled DRILLING DEEPER. The report is highly critical of the EIA’s projections and should be read by everyone interested in Peak Oil.

All data on all charts is in million barrels per day unless otherwise specified.

First a look at the EIA oil projections for US production from all sources. They expect offshore to increase to 2 million barrels per day by 2016, an increase of almost 600,000 bpd from current production. Also note that the EIA has US almost peaking in 2016 and increasing only slightly until the peak in 2019.

The EIA has several projections, covering all bases. However the reference, or most likely, will be the only one covered in this post.
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Bakken Oil Production by County

10/18/201410/21/2014 Ron Patterson 213 Comments

North Dakota production by county is posted here: ND Historical Barrels of Oil Produced by County Confidential wells are not included in that data however but that estimated data can be found here:Monthly Production Report Index Click on the latest month.

This is a zero based chart and gives a better overall picture of production from each county. The charts below are not zero based but gives an amplified picture of production from each county.

Production in barrels per day for each county was as follows:
McKenzie 386,715
Mountrail 278,940
Dunn 185,707
Williams 149,437
Rest of ND 131,531

McKenzie county production was up by 16,435 barrels per day. McKenzie remains the most productive county in North Dakota.
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The EIA’s Petroleum Supply Monthly

09/29/201410/01/2014 Ron Patterson 297 Comments

The EIA has just published their Petroleum Supply Monthly with US production, and other data, for July 2014. US C+C production fell by 3,000 barrels per day in July.

After a big leap in April things have slowed down considerably in the last three months. US production in July was 8,537,000 barrels per day

This is US production since 1920. We are just over 1.5 million barrels per day below the monthly high of 10,044,000 barrels per day of in November 1970.
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Bakken and N.D. Update for July

09/12/201409/13/2014 Ron Patterson 182 Comments

North Dakota has released their Bakken and North Dakota production numbers for July.

Bakken production was up 19,456 bpd while all North Dakota production was up 18,134 barrels per day. This means that North Dakota production outside the Bakken fell by 1,322 bpd or a little over 2%.

Bakken wells producing increased by 195 to 8,065. North Dakota wells increased by the same amount to 10,952 so non-Bakken wells were unchanged at 2,860.

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The EIA’s Drilling Productivity Report

09/08/201409/08/2014 Ron Patterson 168 Comments

The Eia’s latest Drilling Productivity Report is out. However they have only updated the PDF file. The spreadsheets have not been updated and still have last month’s data. But I will give you what the PDF file shows and perhaps add some charts tomorrow if they get around to updating the Excel spreadsheets.

The EIA says Bakken new wells will produce 100,000 bpd in October but all the old wells will decline by 73,000 bpd and leave a net increase of 27,000 bpd. If these numbers are correct and September production was 1,152,000 bpd then that means the monthly decline rate is 6.33%.

The EIA says Eagle Ford new wells will produce 154,000 bpd in October but all the old wells will decline by 123,000 bpd and leave a net increase of 31,000 bpd. If these numbers are correct and September production was 1,551,000 bpd then that means the monthly decline rate is 7.93%.
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