Tag: Permian

Texas Update- June 2017

D Coyne 149 Comments

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Dean Fantazzini has provided me with updates to Texas Oil and Natural Gas estimates, the data shifted about a year ago so I use the most recent 13 months of Texas RRC data along with the “all vintage” data estimate which uses all data from Jan 2014 to April 2017 for oil and April 2014 to April 2017 for condensate. The most recent EIA estimate is shown for comparison. In April 2017 the EIA estimate is 3345 kb/d, the 13 month corrected estimate is 3443 kb/d, and the all vintage estimate is 3572 kb/d. Read More

Texas Update, May 2017

D Coyne 279 Comments

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The Chart above compares several different combinations of past (vintage) data to estimate output. The dotted line is based on the most recent 8 months (August 2016 to March 2017) of data saved from the RRC website, the blue solid line is based on the past 12 months of data, and the yellow line is based on the most recent 3 months of data. Read More

Future US Light Tight Oil (LTO) update

D Coyne 302 Comments

In a previous post on US LTO future output there were suggestions that a bottom up approach might be better than the top down approach and I agree. I will attempt the bottom up approach here. The chart below is a quick summary, based on three different oil price scenarios (high, medium, and low). The dashed line is just the average of the low and high oil price scenarios. Data is from Enno Peters’ website shaleprofile.com and the EIA. (Click on “Tight Oil Production Estimates” for tight oil output data.)

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The Future of US Light Tight Oil (LTO)

D Coyne 223 Comments

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The future output from the light tight oil (LTO) sector of the US oil industry is the subject of much speculation. Above I present some possible future output scenarios based on a simple model of US LTO, the scenarios are compared with the EIA’s 2017 Annual Energy Outlook (AEO) reference scenario with cumulative output of 82 Gb from 2001 to 2050. The cumulative output of the model scenarios is for the same period (2001-2050). Read More

Is The Bakken a Bust?

Ron Patterson 419 Comments

North Dakota has released December production data for the Bakken and for all North Dakota. They were a little shocking.

Bakken & North Dakota

Bakken production down 86,150 barrels per day 895,330 bpd. North Dakota production down 92,029 bpd to 942,455 bpd. It was noted that this the largest decline ever in North Dakota production. But it should not be overlooked that the October in crease in production was also the largest ever increase in North Dakota production.

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