The Bakken and North Dakota production data for October is out. The Numbers a little surprising.
Bakken production was up 7,520 barrels per day to 1,113,930 bpd while all North Dakota was up 6,787 bpd to 1,168,950 bpd.
Tag: Saudi Arabia
Oil Forecast From a Reputable Firm
Had to take the post down folks, the reputable firm threatened to sue me. Sorry.
Ron
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The Case For Peak Oil
All charts below were created with data from JODI, the EIA and OPEC MOMR. It is in thousand barrels per day and the last data point is September 2015.
World crude oil production has taken off during the last two years due primarily to US shale oil production and higher output from OPEC. However very high oil prices has enabled many other countries to increase drilling rigs and production.
OPEC Crude Production Down in October
OPEC has published their OPEC Monthly Oil Market Report with crude only production numbers for October 2015. The charts are “Crude Only” production and are in thousand barrels per day.
OPEC 12 was down 256,000 bpd in October.
Worldwide Rig Count Dropping Again
Baker Hughes has published its International Rig Count with production numbers for October. This is a monthly rig count and breaks out the international rigs by oil, gas and miscellaneous. Baker Hughes does not include the Former Soviet Union countries in their count or totals. Baker Hughes also includes the US and Canada in their monthly count but they do not break US and Canada monthly totals out by oil and gas.
All rigs were down 85 rigs in October to 2,086 rigs. October 14 to October 15 total world rigs were down 1,571 rigs of 43%.