Tag: Bakken

EIA’s December Oil Production Outlooks

Ovi 278 Comments

A guest post by Ovi

Each month the EIA produces four reports which project oil output for the US and the World. The Short Term Energy Outlook (STEO) forecasts oil output for a period of 12 to 24 monthsg into the future for US and World oil production. A second report, the Drilling Productivity Report (DPR) forecasts the combined production for conventional and tight oil in the main tight oil basins, four months ahead of the EIA monthly report. Their third report, Light Tight Oil (LTO), reports on only the tight oil produced in seven tight oil basins and a few smaller ones. A fourth and final outlook is the Monthly Energy Review (MER) that forecasts US output two months past the official US production numbers, for this report that will be October and November.

Normally the Outlooks report appears at the end of the monthly US report. For this month it has been posted separately and early.

1) Short Term Energy Outlook

The December STEO provides projections for the next 15 months, starting with October 2021 to December 2022, for US C + C and other countries.

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Bakken Summary

George Kaplan 256 Comments
A guest post by George Kaplan

The North Dakota area of the Bakken LTO basin has accessible data from the ND Department of Natural Resources, Oil and Gas Division. Production here seems to be past peak and in general decline. The data presented here is therefore more a historical perspective than of much interest in predicting issues that may have significant impact for the future. However it may give some indication on what to expect in the Permian basins, the only ones left in the US that may have capacity to increase production. The Texas RRC does also produce good data but a global data dump produces files that are too big for my computer to handle and splitting into smaller subsets is too man-hour intensive for me to pursue.

Production Across the Area

These charts show how the oil production has changed every three years by range (almost equivalent to lines of longitudes) and township lines (latitudes). These lines run every six miles and the area they contain is called a township, consisting of 36 square mile sections (that’s the simplified explanation, earth’s curvature and irregular land features make things a bit more complicated). 

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Is November 2019 the New US Peak Oil Date?

Ovi 260 Comments

A post by Ovi at peakoilbarrel.

Here I am again reporting on out of date US February oil production from the EIA April report after the world oil environment has been turned on its head. Fortunately the EIA also has some forward looking reports that make use of more current data to provide projections for a few months out. Also the EIA has a guesstimate for weekly oil output which certainly provides an indication of the direction of production over the next month. Also there are reports on rig counts that indicate activity in oil basins and provide clues on where oil output is going. Down, Down, Down.

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