• 15 mins Kuwait Greenlights Game-Changing Gas Fields Project After Years of Delay
  • 45 mins Minnesota Begins Public Hearings On Enbridge Line 3 Project
  • 1 hour China Looks To Create National Natural Gas Pipeline Firm
  • 2 hours Total Not In A Rush To Sell Canadian Oil Sands Assets
  • 2 hours DOE Seeks To Boost Usage Of Carbon Capture Tech
  • 3 hours Taxpayers Likely To Pick Up The Growing Tab For DAPL Protests
  • 6 hours WTI At 7-Month High On Supply Optimism, Kurdistan Referendum
  • 12 hours Permian Still Holds 60-70 Billion Barrels Of Recoverable Oil
  • 17 hours Petrobras Creditors Agree To $6.22 Billion Debt Swap
  • 21 hours Cracks Emerge In OPEC-Russia Oil Output Cut Pact
  • 1 day Iran Calls On OPEC To Sway Libya, Nigeria To Join Cut
  • 1 day Chevron To Invest $4B In Permian Production
  • 1 day U.S.-Backed Forces Retake Syrian Conoco Gas Plant From ISIS
  • 1 day Iraq Says Shell May Not Quit Majnoon Oilfield
  • 4 days Nigerian Oil Output Below 1.8 Million BPD Quota
  • 4 days Colorado Landfills Contain Radioactive Substances From Oil Sector
  • 4 days Phillips 66 Partners To Buy Phillips 66 Assets In $2.4B Deal
  • 4 days Japan Court Slams Tepco With Fukushima Damages Bill
  • 4 days Oil Spills From Pipeline After Syria Army Retakes Oil Field From ISIS
  • 4 days Total Joins Chevron In Gulf Of Mexico Development
  • 4 days Goldman Chief Urges Riyadh To Get Vision 2030 Going
  • 4 days OPEC Talks End Without Recommendation On Output Cut Extension
  • 5 days Jamaican Refinery Expansion Stalls Due To Venezuela’s Financial Woes
  • 5 days India In Talks to Acquire 20 Percent Of UAE Oilfield
  • 5 days The Real Cause Of Peak Gasoline Demand
  • 5 days Hundreds Of Vertical Oil Wells Damaged By Horizontal Fracking
  • 5 days Oil Exempt In Fresh Sanctions On North Korea
  • 5 days Sudan, South Sudan Sign Deal To Boost Oil Output
  • 5 days Peruvian Villagers Shut Down 50 Oil Wells In Protest
  • 5 days Bay Area Sues Big Oil For Billions
  • 6 days Lukoil Looks To Sell Italian Refinery As Crimea Sanctions Intensify
  • 6 days Kurdistan’s Biggest Source Of Oil Funds
  • 6 days Oil Prices On Track For Largest Q3 Gain Since 2004
  • 6 days Reliance Plans To Boost Capacity Of World’s Biggest Oil Refinery
  • 6 days Saudi Aramco May Unveil Financials In Early 2018
  • 6 days Has The EIA Been Overestimating Oil Production?
  • 6 days Taiwan Cuts Off Fossil Fuels To North Korea
  • 6 days Clash In Oil-Rich South Sudan Region Kills At Least 25
  • 6 days Lebanon Passes Oil Taxation Law Ahead Of First Licensing Auction
  • 7 days India’s Oil Majors To Lift Borrowing To Cover Dividends, Capex
North Sea Oil Sees Investment Rush

North Sea Oil Sees Investment Rush

The North Sea oil industry…

Russia’s Kurdish Pipeline Gamble

Russia’s Kurdish Pipeline Gamble

Rosneft continues to fortify its…

Texas Railroad Commission Oil and Gas Production Data

The Texas Railroad Commission has released their oil and gas production data for November. As most of you know, the Texas RRC data is always incomplete. Some data is updated immediately but the rest trickles in slowly, sometimes taking many months or even years to complete. Nevertheless we can glean some indication of what is happening from what data is reported. That is, if production is increasing, then the incomplete month to month data should be increasing. And it is, but very slowly.

The last data point in all charts below is November 2014 and the oil is in barrels per day.

TexasRRCCrudeOnly

Texas crude only is still increasing but the increase rate seems to be slowing down.

TexasRRCCondensate

It is rather hard to tell what condensate is doing but the rate of increase, if any, seems to be slowing.

Related: IEA Provides First Sign That Tide May Be Turning For Oil Prices

TexasRRCC+CAndEIATexas

Combining the two we see an increase but not quite as great as the EIA seems to believe. The EIA data is only through October. Last month the EIA altered their estimate of Texas C+C and lowered the estimated increase quite a bit. This month they reverted back to their old habits. They have June production up 82 kbd, July up 67 kbd, August up 45 kbd, September and October both up 48 kbd. I believe those figures are all quite optimistic.

All gas data is in MCF with the last data point November 2014.

TexasRRCGasWellGas

Texas gas well gas peaked back in January of 2009 and bottomed out in December of that same year. Then started to increase before peaking again in November of 2011. It has been mostly down since then.

Related: Oil Price Collapse Hurting Some More Than Others

TexasRRCAssociatedGas

Texas associated gas feigned a peak back in September of 2013 but turned back up again in only a couple of months. Now we seem to have another peak in August 2014. Will it hold? If oil production drops then there is little doubt that it will. Associated gas comes up with the oil. So what happened in September to cause associated gas to drop?

TexasRRCTotalGas

Combining the two we get Texas total gas. Associated gas has kept Texas total gas from peaking… so far. But with both oil and gas prices extremely low it appears we have reached at least another temporary peak in Texas gas production.

Thought for the day: Peak oil will be the point in time when more oil is produced than has ever been produced in the history of the world, or ever will be in the future of the world. It is far more likely that this period will be thought of as a time of an oil glut rather than a time of an oil shortage.

By Ron Patterson

Source - http://peakoilbarrel.com/ 

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News