Peak Oil – Page 71 – Peak Oil Barrel

Texas RRC Oil & Gas Production Report

02/22/201502/22/2015 Ron Patterson 402 Comments

Texas has released Oil & Gas Production Data Query with its (incomplete) production numbers for December 2014. The numbers were quite surprising.

The last data for all Texas data is December 2014. The EIA data is through November. The Oil data is in barrels per day.

Though the data is incomplete, we can still get some idea what oil production was in Texas in December. Total, C+C incomplete, production numbers for December was up over 133,000 barrels per day over the November incomplete data. Of course this number will change but it is very significant. Why would Texas production numbers jump to over 2.5 times their usual number in December?

Texas crude only was up 109.4 thousand barrels per day according to the Texas RRC.

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EIA C+C Data and Jean Laherrere on Reserves

02/19/201502/19/2015 Ron Patterson 514 Comments

The EIA just released their International Energy Statistics with world production numbers through October 2014. There were no big surprises in this report.

World C+C production was up 731,000 bpd to 78,967,000 bpd. This is a new high.

All the gain in the last few years has come from non-OPEC. Non-OPEC production was up 374 kbd in September and up another 370 kbd in October to 46,002,000 bpd.

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Bakken – Has The Bubble Burst?

02/16/201502/16/2015 Ron Patterson 468 Comments

This is a guest post by Ciaran Nolan

Bakken December Production Numbers

02/13/201502/13/2015 Ron Patterson 362 Comments

The North Dakota Industrial Commission has released the Bakken and North Dakota monthly production numbers for December 2014. There was a bit of a surprise as Bakken and all North Dakota production was up just over 39,000 barres per day.

Since Bakken production was up at almost the exact same amount as the rest of North Dakota, (Bakken up 39,080 kbd vs. 39,086 bpd for ND), suggest that all the wells being brought on line are Bakken and Three Forks rather than conventional wells.

The North Dakota change per month, 12 month trailing average reached a new high in December of 25,006 barrels per day. That means North Dakota oil production was up an average of 25 thousand barrels per day every month in 2014.

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OPEC’s Production and Outlook

02/09/201502/09/2015 Ron Patterson 718 Comments

The latest OPEC Monthly Oil Market Report is out with all the OPEC crude only production numbers for January 2015. There were very little revisions in the December numbers this month.

Total OPEC production of crude only was down 53,000 barrels per day in January to 30,153,000 barrels per day of crude only.

Algerian production has leveled out in the last year and a half but down slightly the last couple of months. January production slipped 13,000 bpd to 1,130,000 bpd.

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