The EIA’s Optimistic Outlook

03/21/201903/21/2019 Ron Patterson 329 Comments

Most of the data below is taken from from the EIA’s Short-Term Energy Outlook. The data through February, 2019 is the EIA’s best estimate of past production and all data from March 2019 through December 2020 is the EIA’s best estimate of future production. However in most cases February production is highly speculative so I drew the “projection” line between January and February.

Understand the above chart is Total Liquids, not C+C as I usually post. As you can see the EIA expects world petroleum liquids to keep climbing ever upwards.

This is the EIA’s data for OPEC all liquids with Production data from April 2019 through December 2020.

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EIA’s Data for World and Non-OPEC Oil Production

02/25/201902/25/2019 Ron Patterson 270 Comments

The EIA has just published their data on World and Non-OPEC Oil Production. All data is through November 2018 and is in thousand barrels per day. All data is Crude + Condensate.

World C+C was up 96,000 bpd in November to 84,225,000 bpd.

Non-OPEC was up 280,000 bpd in November to 48,638,000 bpd.

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EIA’s Latest USA & World Oil Production Data

09/05/201809/05/2018 Ron Patterson 323 Comments

These first charts are taken from the EIA’s Monthly Crude Oil and Natural Gas Production. The data are through June 2018 and is in thousand barrels per day.

US C+C production was up 231,000 barrels per day in June to 10,674,000 bpd, an all-time high.

Texas was up 165,000 barrels per day in June to 4,410,000 bpd.

USA and World Oil Production

07/04/201807/05/2018 Ron Patterson 228 Comments

All data below is from various sources. All US data is from the EIA. Unless otherwise noted is in thousand barrels per day.

USA data is through April. C+C production was almost flat in April, down 2,000 bpd.

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Norway Oil and Gas: Reserves, Production and Future Projection

08/30/201709/06/2017 George Kaplan 115 Comments

A guest post by George Kaplan

Norwegian oil production peaked in 2000 to 2001; gas production may be peaking about now. Oil hit a low in 2013 and then recovered towards a new local peak, probably concurrent with the gas.

Drilling and Development

The most surprising thing I find with their industry is that the drop in oil price made almost no difference the drilling activity shown here (all data here and below taken from the NPD – Norwegian Petroleum Directorate – which provides more data than just about any other such organisation).

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The chart shows numbers of wells drilled, as stacked bars, and number of operating rigs (unstacked) against the left hand axis, other curves are ratios of total against the right axis. Read More