Eagle Ford – Page 7 – Peak Oil Barrel

Future US Light Tight Oil (LTO) update

03/22/201703/22/2017 D Coyne 302 Comments

In a previous post on US LTO future output there were suggestions that a bottom up approach might be better than the top down approach and I agree. I will attempt the bottom up approach here. The chart below is a quick summary, based on three different oil price scenarios (high, medium, and low). The dashed line is just the average of the low and high oil price scenarios. Data is from Enno Peters’ website shaleprofile.com and the EIA. (Click on “Tight Oil Production Estimates” for tight oil output data.)

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The Future of US Light Tight Oil (LTO)

03/03/201703/03/2017 D Coyne 223 Comments

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The future output from the light tight oil (LTO) sector of the US oil industry is the subject of much speculation. Above I present some possible future output scenarios based on a simple model of US LTO, the scenarios are compared with the EIA’s 2017 Annual Energy Outlook (AEO) reference scenario with cumulative output of 82 Gb from 2001 to 2050. The cumulative output of the model scenarios is for the same period (2001-2050). Read More

Is The Bakken a Bust?

02/16/201702/16/2017 Ron Patterson 419 Comments

North Dakota has released December production data for the Bakken and for all North Dakota. They were a little shocking.

Bakken & North Dakota

Bakken production down 86,150 barrels per day 895,330 bpd. North Dakota production down 92,029 bpd to 942,455 bpd. It was noted that this the largest decline ever in North Dakota production. But it should not be overlooked that the October in crease in production was also the largest ever increase in North Dakota production.

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Bakken Oil Production Up Over 70,000 BPD

12/13/201612/13/2016 Ron Patterson 193 Comments

North Dakota just released their production numbers for the Bakken as well as for all North Dakota

bakken-bpd

The numbers are shocking. The Bakken is up 70,798 bpd to 991,722 bpd and all North Dakota was up 71,447 bpd to 1,043,207 bpd. The EIA’s drilling productivity report really missed the ball on this one.

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Eagle Ford and World Update-Nov 2016

11/04/201611/14/2019 D Coyne 154 Comments

Enno Peters recently reported on Eagle Ford output at shaleprofile.com, so I have updated my estimate of Eagle Ford output by utilizing his data. Enno reports horizontal well output from the Eagle Ford region so some output from other formations is included (Austin chalk, etc). To compensate for this I compare the data from shaleprofile to the output reported from the EIA for the Eagle Ford.

For Sept 2014 through Nov 2015 Enno’s data is about 52 kb/d higher on average each month than the EIA estimate, so I deduct this amount from my preliminary estimate to arrive at my final estimate. Enno’s data for each month from Sept 2014 to July 2016 is divided by Texas (TX) statewide C+C output from the RRC to find the percentage of Eagle Ford region to TX statewide output. This percentage is multiplied by Dean Fantazzini’s 6 month corrected estimate of Texas C+C output and then 52 kb/d is subtracted to arrive at my final Eagle Ford estimate.

The Chart below has my estimate labelled as Dennis and Enno’s Eagle Ford region estimate (horizontal wells only) labelled as Enno Peters. The EIA estimate is shown as well.

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