Tag: EIA

Texas RRC February Production

Ron Patterson 340 Comments

The Texas Railroad Commission has released its  incomplete production data for February.  The RRC also estimates final production but that data has not been posted yet.

All Texas RRC data is through February. The EIA data is through January.

Texas C+C

It looks like, after the final Texas data comes in, that February crude oil will be above January production but still below December production. It is my best guess that Texas production will be down about 80,000 barrels per day in January and up about 50,000 bpd in February or about 30,000 bpd below December production.

Texas Crude Only

I always post the last six months data just so we can get some idea of the general trend. You can see the general trend is up until January when it took a huge hit and only partially recovered in February.

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North Dakota Bakken February Production

Ron Patterson 396 Comments

The NDIC Bakken Production Data and the NDIC North Dakota Production Data is in. Production in the Bakken was down 11,941 barrels per day and production in all North Dakota was down 14,104 bpd. The numbers for January were revised slightly. January Bakken was down 35,064 from December and all North Dakota was down 36,331 bpd from December.

Bakken BPD

As I have pointed out before, the EIA’s Drilling Productivity Report, for some unknown reason, estimates the last six or seven months, when the actual data is available. In the above chart they estimate from October on. This throws their current numbers way off.  The DPR data includes the Montana Bakken therefore their numbers will naturally be higher than the North Dakota data.

Bakken Eventual

Of course the EIA DPR will eventually bring their numbers into what North Dakota is reporting. The above is what the eventual Drilling Productivity Report will look like. (In Orange). Here is the amount the historical DPR is off.

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The EIA’s International Energy Outlook 2014

Ron Patterson 493 Comments

Last year I posted a lot of data published in the EIA’s Annual Energy Outlook 2014 published in May of last year, and the next one is due out Tuesday April 14. We are looking forward to that. But the EIA’s International Energy Outlook 2014, published last September, completely slipped by me. How did I miss that? But I looked at their predictions for world Crude plus Condensate production I found it very interesting.

In the below, though the data was posted in September, I have assumed the 2014 data was complete. Though it may be a little off it is close enough for, as the saying goes, “government work”‘. The data is in million barrels per day with the last data point 2040.

IEO World

The EIA is expecting World C+C to reach just over 99 million barrels per day in 2040. That will be up 21.25 million bpd from 2014.

IEO Table

This chart shows just which countries, they believe, will be responsible for that 21.25 million bpd increase. That is except for OPEC. They do not break out OPEC production by country.

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Bakken Data plus The EIA versus The EIA

Ron Patterson 773 Comments

The NDIC has just published the latest oil production data from the Bakken.
Monthly Oil Production Bakken Only
Monthly Oil Production All North Dakota

Bakken & ND Prod

Bakken production dropped by 34,619 barrels per day while all North Dakota oil production fell by 36,927 barrels per day.

Bakken & ND BPD per Well

Bakken barrels per day per well fell by 5 to 125 while all North Dakota barrels per day per well fell by 3 to 101.

Bakken Wells Producing increased by 107 to 9,052 while all North Dakota Wells Producing increased by only 49 to 11,796.

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