• 4 minutes Will We Ever See 100$+ OIL?
  • 8 minutes Iran downs US drone. No military response . . Just Destroy their economy. Can Senator Kerry be tried for aiding enemy ?
  • 11 minutes Energy Outlook for Renewables. Pie in the sky or real?
  • 6 hours Iran Loses $130,000,000 Oil Revenue Every Day They Continue Their Games . . . .Opportunity Lost . . . Will Never Get It Back. . . . . LOL .
  • 2 days Iran Captures British Tanker sailing through Straits of Hormuz
  • 6 hours Renewables provided only about 4% of total global energy needs in 2018
  • 1 hour Berkeley becomes first U.S. city to ban natural gas in new homes
  • 1 day EIA Reports Are Fraudulent : EIA Is Conspiring With Trump To Keep Oil Prices Low
  • 3 days Drone For Drone = War: What is next in the U.S. - Iran the Gulf Episode
  • 11 hours Shale Oil will it self destruct?
  • 3 days Today in Energy
  • 7 hours So You Think We’re Reducing Fossil Fuel? — Think Again
  • 30 mins N.Y. Governor Signs Climate Bill
  • 10 mins First limpet mines . . . . now fly a drone at low altitude directly at U.S. Navy ship. Think Iran wanted it taken out ? Maybe ? YES
  • 2 days Oil Rises After Iran Says It Seized Foreign Tanker In Gulf
  • 17 hours U.S. Administration Moves To End Asylum Protections For Central Americans
  • 3 days LA Solar Power/Storage Contract
Alt Text

Will The U.S Gas Glut Cap Oil Production?

The gas flaring crisis in…

Alt Text

Colombia’s Push To Triple Proven Oil & Gas Reserves

Colombia’s new government sees the…

Alt Text

Oil Jumps On Hefty Crude Draw

Oil prices rocketed on Wednesday…

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 Production Down, Gas Takes Biggest Hit

The preliminary Texas RRC Production Data is out this morning. There appears to be a considerable drop in Texas crude oil production in April. All Texas RRC data in the charts below is through April 2015 and all EIA data is through March 2015.

As always, the Texas RRC data is incomplete. The drooping lines will eventually, after the final data comes in, closer resemble the EIA data. Though I believe the EIA data is quite a bit too high at this point.

(click to enlarge)

It appears that, when the final data comes in that Texas will have took a huge hit in January, recovered somewhat in February and March, then took another hit this past April.

(Click to enlarge)

Dr. Dean Fantazzini, with his algorithm that calculates the final production numbers, also comes to the conclusion that Texas took a hit in April production. Dean has three results with the most probable in the middle.

(Click to enlarge)

Texas Crude only, in April, when the final data comes in, should be slightly above January but still well below December. Related: Expect A Wave Of Consolidation In The Oil Industry

(Click to enlarge)

Dean’s corrected data shows Texas crude only declining in January, recovering in February and March, then declining again in April.

(Click to enlarge)

Condensate took a far greater hit in April than did crude only. This is likely because natural gas production in April took a bigger hit than did oil production.

(Click to enlarge)

This is Dean’s take on what Texas Condensate will be when the final data comes in. December appears to be the peak… so far. Related: Global Oil Production Substantially Lower Than Believed

(Click to enlarge)

There is no doubt that North Dakota, the USA’s second largest producer, is down since December. And I believe the data clearly shows that Texas, the USA’s largest crude oil producer by far, is down also. Then how is it possible that the EIA has US Production up so much since December?

In the chart above as well as the one below, the weekly production data are the averaged per month. The June weekly numbers are the average of the last two weeks reported data.

This is what the three different reporting departments say has happened to US C+C production since December 2014. I believe this will turn out to be the largest production error in the history of the agency.

(Click to enlarge)

It appears that Texas Natural Gas took a bigger hit than did oil. All natural gas data is in MCF. Related: The End Of The Beginning For Renewable Energy?

(Click to enlarge)

This is Dean’s estimate of what the final Texas natural gas production will look like. The peak, so far, is in December, just like crude oil.

Texas gas well gas peaked way back in April of 2009. In April it was Texas gas well gas that took the biggest hit of all.

(Click to enlarge)

Texas associated gas did not take nearly the hit that gas well gas did. This is gas from oil wells. So it appears that even though oil production did take a hit in April, natural gas took an even bigger hit.

By Ron Patterson

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