Light Tight Oil – Page 4 – Peak Oil Barrel

US February Oil Production Rebounds

05/03/202405/03/2024 Ovi 46 Comments

By Ovi

All of the Crude plus Condensate (C + C) production data for the US state charts comes from the EIAʼs Petroleum Supply monthly PSM which provides updated information up to Febuary 2023.

U.S. February oil production rebounded by 578 kb/d to 13,154 kb/d. The large increase was due to a rebound from the severe January winter storm that spread across most central states. The largest increases came from Texas, 172 kb/d and North Dakota 173 kb/d.

The dark blue graph, taken from the April 2023 STEO, is the forecast for U.S. oil production from March 2024 to December 2025. Output for December 2025 is expected to reach 13,904 kb/d and is an increase of 82 kb/d from the previous STEO report.

Short Term Energy Outlook, April 2024

04/19/202404/19/2024 D C 81 Comments

The EIA STEO was published recently the estimate below is based on data from that report and statistics from the EIA International Energy Statistics. The EIA expects the 2018 peak for annual average World C+C output will be surpassed in 2025.

Bad Weather Drops US January Oil Production

04/02/202404/02/2024 Ovi 161 Comments

By Ovi

All of the Crude plus Condensate (C + C) production data for the US state charts comes from the EIAʼs Petroleum Supply monthly PSM which provides updated information up to January 2023.

U.S. January oil production decreased by 762 kb/d to 12,533 kb/d. The large decrease was due to a severe US winter storm that was spread across most central states. The largest drop came from Texas, 288 kb/d.

US December Oil Production Flat

03/08/202403/08/2024 Ovi 138 Comments

By Ovi

All of the Crude plus Condensate (C + C) production data for the US state charts comes from the EIAʼs Petroleum Supply monthly PSM which provides updated information up to December 2023.

U.S. December oil production decreased by 4 kb/d to 13,315 kb/d. The small decrease was a mix of increases and decreases that netted out to a negligible decrease. The largest decrease came from Texas, 20 kb/d, offset by a New Mexico increase of 23 kb/d.

Short Term Energy Outlook and Tight Oil Update, February 2024

02/28/202402/28/2024 D C 209 Comments

The EIA’s Short Term Energy Outlook (STEO) was published in early February. The chart below estimates World C+C by using the STEO forecast combined with past data from the EIA on World Output.