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Jean Laherrere uses Hubbert linearization to estimate Bakken shale oil peak in 2014

Published by Crude Oil Peak on 2014-02-03
Original article: http://crudeoilpeak.info/jean-laherrere-uses-hubbert-linearization-to-estimate-bakken-shale-oil-peak-in-2014 by Matt Mushalik

In his latest research on shale oil French oil geologist Jean Laherrere from ASPO France

http://aspofrance.viabloga.com/texts/documents estimates a Bakken shale oil peak in 2014.
 
 
He uses a Hubbert linearization to calculate a total of 2,500 mb to be produced
 
 
In global terms, a total cumulative of 2.5 Gb is just around 10% of annual crude production and 1.3% of daily production.
 
 
Well productivity in Bakken is stagnant at around 130 b/d for a couple of years now.
 
 
There has been a peak in the number of drilling rigs. A shift of the rigs curve by 2 years suggests a production peak in 2014.
Jean’s research is in line with that published by David Hughes in November 2013:
 
 
http://legacy.firstenergy.com/UserFiles/HUGHES%20First%20Energy%20Nov%2019%202013.pdf
 
Direct link to Laherrere article (PDF)

 


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Source URL: http://www.resilience.org/stories/2014-02-03/jean-laherrere-uses-hubbert-linearization-to-estimate-bakken-shale-oil-peak-in-2014