LTO – Page 14 – Peak Oil Barrel

Texas RRC Oil & Gas Production

09/20/201509/20/2015 Ron Patterson 198 Comments

The Texas RRC Oil & Gas Production numbers are out. They came out on a weekend this month. All RRC data is through July. The EIA data is through June. Keep in mind that the RRC data is incomplete, that is why the chart lines droop on the end. However the EIA data is from the EIA’s Petroleum Supply Monthly, the data of which the EIA says now comes directly from the states, and reflects the complete best estimate of oil production.

According to the EIA data, Texas crude + condensate peaked, so far, in March and declined in April, May and June. However the incomplete data from the RRC shows production likely dropping sharply in April, up in May then flat for June and July.

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Bakken Flat but the EIA Predicts Decline

09/15/201509/15/2015 Ron Patterson 528 Comments

The North Dakota Industrial Commission has published the July production data for The Bakken and for all North Dakota.

Bakken production was down 5,430 barrels per day while all North Dakota was down 9,410 bpd.

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Jean Laherrere’s Bakken Update

08/24/201508/24/2015 Ron Patterson 936 Comments

Jean Laherrere sent me the below charts the other day. I had planned on posting them with more Bakken data. But my schedule has been busy so I am posting them alone.

Jean’s interpretation for ND is as follows

Bakken ultimate = 3 Gb

Non Bakken ultimate = 2.2 Gb

ND ultimate 5.2 Gb

Detail

Quite symmetrical like the EIA drilling productivity data, but in contrary to EIA/AEO2015 with a peak in 2020

It will be interesting to see the evolution in the next few months

The Hubbert Linearization puts the Bakken about half way to the end.

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Bakken Production Data and STEO Predictions

08/14/201508/14/2015 Ron Patterson 554 Comments

The Bakken Production Statistics and the ND Production Statistics with June production numbers has been published.

Bakken production was up by 10,887 barrels per day to 1,152,455 BPD while all North Dakota production was up by 8,565 barrels per day to 1,211,180 BPD. Bakken production is still 11,068 bpd below their December high while all North Dakota production is still 17,240 bpd below their December high.

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Texas RRC Oil & Gas Production

07/22/201507/22/2015 Ron Patterson 610 Comments

The Texas RRC Data is out. All RRC data below is through May. The EIA data is through April.

There appears to be an increase in Texas May crude oil production. You will notice that the EIA has departed from their usual practice of just estimating Texas C+C production up about 50,000 bpd for every month for the last six months or so. They have a new method or estimating Texas production which is explained in the first link below the charts.

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