• 3 minutes Shale Oil Fiasco
  • 7 minutes "Leaked" request by some Democrats that they were asking Nancy to coordinate censure instead of impeachment.
  • 12 minutes Trump's China Strategy: Death By a Thousand Paper Cuts
  • 16 minutes Global Debt Worries. How Will This End?
  • 5 hours DUMB IT DOWN-IMPEACHMENT
  • 3 hours Everything you think you know about economics is WRONG!
  • 8 hours Greta named Time Magazine "Person of the Year"
  • 2 hours POTUS Trump signs the HK Bill
  • 13 hours Forget The Hype, Aramco Shares May be Valued At Zero Next Year
  • 2 hours Tories on course to win majority
  • 2 hours Winter Storms Hitting Continental US
  • 12 hours americavchina.com
  • 18 mins WTO is effectively neutered. Trump *already* won the trade war against China and WTO is helpless to intervene
  • 24 hours Can Renewable Natural Gas Compete With Diesel?
  • 13 hours Aramco Raises $25.6B in World's Biggest IPO
Alt Text

IEA: An Oil Glut Is Inevitable In 2020

Despite OPEC’s best efforts to…

Alt Text

The Danger Of Deeper OPEC+ Cuts

Oil prices jumped as OPEC…

Alt Text

Will The OPEC Meeting Yield A Bullish Surprise?

Forecasters are warning of a…

Ron Patterson

Ron Patterson

Ron Patterson is a retired computer engineer. He worked in Saudi Arabia for five years, two years at the Ghazlan Power Plant near Ras Tanura…

More Info

Premium Content

Texas Oil Production Remains Strong…But For How Long?

Dean Fantazzini has provided his latest estimates for Texas Oil and Natural Gas output.

(Click to enlarge)

Data below is for Texas C+C estimates in kb/d.

(Click to enlarge)

Data below is for Texas Natural Gas in billions of cubic feet per day (BCF/d).  All data uses all vintage data for the correction factors and 3 months uses only the average of the correction factors for the most recent 3 months.

The chart below shows how the correction factors have changed over time, the average of these correction factors for T to T-11 are found for all vintage data (all shown in chart), most recent 3 months, and most recent 12 months and compared with EIA data. The average correction factor is added to the most recent Texas RRC reported output data. For the current report T= June 2017, T-1= May 2017, etc. The actual estimate in the first chart shown above uses Data for T to T-23, but I only showed the data for T to T-11 in the chart below. The correction factors get progressively smaller as we go further back in time (T-23 is the smallest).

(Click to enlarge)

Related: Goldman Sachs Warns Of Global Oil Demand Peak

After June 2016, there was a shift in the correction factors to lower average values. The table below shows the average correction factors for the most recent 12 months (July 2016 to June 2017) and compares with the average correction factor from earlier data (April 2014 to June 2016). The RRC data seems to be improving, but for the most recent 7 months (Nov 2016 to June 2017) about 100 kb/d to 500 kb/d needs to be added to the RRC data to “correct” for incomplete data. Those with access to the “pending file” from the RRC have a better shot at a good estimate. This data is included in the estimates from drilling info for Texas.

By Peak Oil Barrel

More Top Reads From Oilprice.com:




Download The Free Oilprice App Today

Back to homepage



Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play