EIA – Page 14 – Peak Oil Barrel

Oil Shipments by Rail Declining

07/17/201507/17/2015 Ron Patterson 608 Comments

Weekly oil shipments by rail can be found on the web at Weekly Carload Reports. And a summation of that data with charts can be found at Association of American Railroads Freight Rail Traffic Data.

Crude oil by rail basically started with the shale boom. Prior to that almost all oil was shipped by pipeline. Of course a lot of oil was trucked to the pipelines. The EIA says in the first seven months of 2014 8 percent of all us crude and refined products was shipped by rail. It looks like that percentage was increased somewhat in the second half of 2014.

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The EIA’s Short-Term Guessing Game + Bakken Data

07/10/201507/11/2015 Ron Patterson 284 Comments

The Bakken and North Dakota production data fir May is in.

Bakken production was up 33,352 bpd and North Dakota production was up 32,114 bpd. This is quite a shocker. I had not expected production to be up this much. Bakken barrels per day, in May, stood at 1,142,034 and all North Dakota barrels per day was at 1,201,159.

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The EIA’s Questionable Numbers

07/02/201507/02/2015 Ron Patterson 509 Comments

The EIA’s, on June 30th, published its Petroleum Supply Monthly. I Think their numbers are just way too high. I compared them with the EIA’s Weekly Petroleum Status Report. The chart below shows the Results.

I averaged the weekly numbers and converted them to monthly data. They were pretty close for the first three months of 2014 but then they begin to diverge. Of course they were much closer earlier but in the Petroleum Supply Monthly has, over several months, been revised upward. The Weekly Petroleum Status Report is never revised.

In April, the Petroleum Supply Monthly shows US C+C production 322,000 barrels per day above the weekly average of the Weekly Petroleum Status Report.

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Texas Oil and Gas Production for April

06/19/201506/19/2015 Ron Patterson 462 Comments

The preliminary Texas RRC Production Data is out this morning. There appears to be a considerable drop in Texas crude oil production in April. All Texas RRC data in the charts below is through April 2015 and all EIA data is through March 2015.

For those new to this site, the Texas RRC data is incomplete. The drooping lines will eventually, after the final data comes in, closer resemble the EIA data. Though I believe the EIA data is quite a bit too high at this point.

It appears that, when the final data comes in that Texas will have took a huge hit in January, recovered somewhat in February and March, then took another hit this past April.

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Bakken April Production Data

06/12/201506/13/2015 Ron Patterson 658 Comments

The North Dakota Industrial Commission is out with the April production Data for the Bakken and all North Dakota.

Eight month of flat to down production from the Bakken.

I have shortened the data to 16 months here to give a better picture of what is really happening. North Dakota reached an 8 month low. North Dakota, in April, was 17,631 barrels per day below their September 2014 production. The Bakken was only 11,024 below September 2014 so conventional wells seem to be dropping off pretty fast.

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