By Chris Nelder, David Hughes, The Energy Transition Show
The US Energy Information Administration, or EIA, regularly updates its estimates for how much oil and gas might be recovered in the future, and at what rate. With the application of new technology from year to year, those estimates generally keep going up. But it’s important to remember that they are just estimates — and the devil is always in the details.
By Gail Tverberg, ourfiniteworld.com
Oil production can be confusing because there are various “pieces” that may or may not be included. In this analysis, I look at oil production of the United States broadly (including crude oil, natural gas plant liquids, and biofuels), because this is the way oil consumption is defined.
By Matt Mushalik, Crude Oil Peak
The latest EIA drilling productivity report (11th April 2016) shows US shale oil production continuing to decline in Bakken, Eagle Ford and Niobrara while the Permian has flattened out.
By Jan Mueller, John Kingston, The Energy Exchange
Whatever happened to “peak oil” – the assertion that the rate at which oil is extracted from the Earth is nearing a maximum or peak level?
By David Hughes, Asher Miller, Post Carbon Institute
America’s energy future is largely determined by the assumptions and expectations we have today.
By James Hamilton, Econbrowser
U.S. oil production has begun to drop in response to low oil prices, but not as dramatically as many had anticipated.
By David Hughes, Post Carbon Institute
Last week, members of the media breathlessly reported that the Utica Shale could hold more recoverable gas than the Marcellus, the largest shale gas play in the country.
By Rune Likvern, Fractional Flow
To get some understanding of what will drive future developments on Light Tight Oil (LTO) extraction in Bakken, it is helpful to look at individual companies.
By Arthur E. Berman, Petroleum Truth Report
It is not because of decreased rig count. It is because cash flow at current oil prices is too low to complete most wells being drilled. The implications are profound. Production will decline by several hundred thousand of barrels per day before the effect of reduced rig count is fully seen.
By David Hughes, Post Carbon Institute
Irrespective of price, geology is trumping technology in the Bakken and Eagle Ford plays.