Tag: Eagel Ford

Texas RRC oil and Gas Production Data

Ron Patterson 514 Comments

The Texas Railroad Comission has released their oil and gas production data for November. As most of you know, the Texas RRC data is always incomplete. Some data is updated immediately but the rest trickles in slowly, sometimes taking many months to years to complete. Nevertheless we can glean some indication of what is happening from what data is reported. That is, if production is increasing, then the incomplete month to month data should be increasing. And it is, but very slowly.

The last data point in all charts below is November 2014 and the oil is in barrels per day.

Texas RRC Crude Only

Texas crude only is still increasing but the increase rate seems to be slowing down.

Texas RRC Condensate

It is rather hard to tell what condensate is doing but the rate if increase, if any, seems to be slowing.

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EIA Petroleum Supply Monthly

Ron Patterson 136 Comments

The EIA has released its Petroleum Supply Monthly with C+C production numbers through May 2014. Of all the EIA data releases this seems to be the most accurate. However in some cases it is only as good as a few EIA employees guesses. And the more state data they have to work with, the better their guess.

The data in this report goes back to 1920 for total US production and to 1981 for individual states and offshore production. However I have chosen to shorten the time frame for my charts in order to better show what has happened recently.

USA

US production was down 36,000 bp/d in May to 8,357,000 barrels per day. US production took off in mid 2011 when Shale production took off and has risen some 3,300,000 since. Of course there was shale production prior to this but it was only keeping US production on a relatively flat plateau.

ND and Montana

Everyone is interested in the Bakken so I have combined the two Bakken states. Of course there is production in these two states outside the Bakken but this is the best I could do. Note that when the Bakken has one bad month as they had in December, it takes several months to get back to their prior production level.

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