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The Reported Death of Peak Oil Has Been Greatly Exaggerated

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Gulf of Mexico update

Through 2021 the federal waters of the northern Gulf of Mexico (OCS) have cumulative production of 23.4 Bbo and 193 Tcf.  The deepwater (water depths > 1000’ as defined by BOEM) has produced 10.2 Bbo and 23.5 Tcf while the shelf has produced 13.2 Bbo and 169.5 Tcf.  From a BOE standpoint, the GOM has primarily been a gas province, and the bulk of...

Open Thread Non-Petroleum, May 25, 2022

Comments not related to oil or natural gas production in this thread please, thanks.

OPEC Update, May 2022

The OPEC Monthly Oil Market Report (MOMR) for May 2022 was published last week. The last month reported in each of the charts that follow is April 2022 and output reported for OPEC nations is crude oil output in thousands of barrels per day (kb/d). In most of the charts that follow the blue line is monthly output and the red line is the centered twelve...

Open Thread Non-Petroleum, May 19, 2022

Comments not related to Oil or natural gas production in this thread please. Thanks.

Non-OPEC January Oil Production Rises

A guest post by Ovi Below are a number of crude oil plus condensate (C + C ) production charts for Non-OPEC countries created from data provided by the EIA’s International Energy Statistics and updated to January 2022. This is the latest and most detailed world oil production information available. Information from other sources such as OPEC,...

Open Thread Non-Petroleum, May 10, 2022

Comments not related to oil or natural gas production in this thread please. Thanks.

US February Oil Production Surprises to the Downside

A guest post by Ovi All of the oil (C + C) production data for the US state charts comes from the EIAʼ’s Petroleum Supply monthly PSM.  U.S. February production decreased by a surprising 50 kb/d to 11,312 kb/d. Relative to November 2021 production of 11,773 kb/d, it has dropped by 461 kb/d. The main declining states were Texas...

Open Thread Non-Petroleum, May 2, 2022

Comments not related to oil or natural gas production in this thread please. Thanks.

Decline in World Conventional Oil Output and Peak Oil

World Conventional Oil output peaked at a centered twelve month average (CTMA) of 74193 kb/d in July 2016. This peak is unlikely to be surpassed in the future. I do not include an estimate of unconventional oil produced in Venezuela as this data is difficult to find. In the chart below, I compare World C+C output to World conventional oil, which...

Open Thread Non-Petroleum, April 25, 2002

Comments not related to oil or natural gas production in this thread, thanks.

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