• 3 minutes Oil Price Could Fall To $30 If Global Deal Not Extended
  • 8 minutes Why Is America (Texas) Burning Millions of Dollars Per Day Of Natural Gas?
  • 11 minutes Is $60/Bbl WTI still considered a break even for Shale Oil
  • 15 minutes CNN:America's oil boom will break more records this year. OPEC is stuck in retreat
  • 32 mins The Pope: "Climate change ... doomsday predictions can no longer be met with irony or disdain."
  • 14 hours Hormuz and surrounding waters: Energy Threats to the World: Oil, LNG, shipping markets digest new risks after Strait of Hormuz attack
  • 18 hours As Iran Nuclear Deal Flounders, France Turns To Saudi For Oil
  • 13 hours The Magic and Wonders of US Shale Supply: Keeping energy price shock minimised: US oil supply keeping lid on prices despite global risks: IEA chief
  • 22 hours Middle East on brink: Oil tankers attacked off Oman
  • 16 hours Never Knew Gasoline Prices were this important!
  • 15 hours (Un)expectedly: UK Court Sets Assange U.S. Extradition Hearing For February 2020
  • 14 hours Russia removes special military forces from Venezuela . . . . Maduro gone by September ? . . . Oil starts to flow ? Think so . .
  • 1 day Magic of Shale: EXPORTS!! Crude Exporters Navigate Gulf Coast Terminal Constraints
  • 4 hours Plants are Dying
  • 11 hours We Are Better Than This
  • 1 day Emmissions up, renewables nowhere
  • 1 day Middle East Attack Jolts Oil-Import Dependent Asia
Alt Text

Can Trump Rely On The Saudis As Oil Prices Crash?

Trump’s request to Saudi Arabia…

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

Trending Discussions

Texas Natural Gas Production Soars In June

(Click to enlarge)

Dean Fantazzini has provided me with updates to Texas Oil and Natural Gas estimates, the data shifted about a year ago so I use the most recent 13 months of Texas RRC data along with the “all vintage” data estimate which uses all data from Jan 2014 to April 2017 for oil and April 2014 to April 2017 for condensate. The most recent EIA estimate is shown for comparison. In April 2017, the EIA estimate is 3345 kb/d, the 13-month corrected estimate is 3443 kb/d, and the all vintage estimate is 3572 kb/d.

(Click to enlarge)

Eagle Ford output estimates through April 2017 are from the EIA in the chart below.

(Click to enlarge)

Permian LTO output in Texas was estimated by using New Mexico Permian output from shaleprofile.com and deducting this from the EIA’s Permian basin estimate, this gives us data through Feb 2017. In order to estimate March and April 2017 Texas Permian output I used Dean Fantazinni’s 13-month estimate multiplied by the percentage of Texas output from the Permian basin (Districts 7C, 8, and 8A) based on the latest Texas RRC data. From this we can determine that from Jan 2015 to Sept 2016, TX Permian conventional output was about 486 kb/d on average and then fell to a lower level of 437 kb/d from Dec 2016 to Feb 2017.

If we assume conventional output continues to average about 437 kb/d from the TX Permian basin in March and April, we can estimate TX Permian LTO output in March and April. I have also assumed that the New Mexico Permian basin output estimates at shale profile are relatively accurate, which may not be the case. Those with access to IHS data could check to confirm whether this is true. A chart with the Texas Permian Basin output estimate is below.

(Click to enlarge) Related: The Global Oil Demand Driver That Is Being Ignored

Using the Permian and Eagle Ford estimates and the 13 month Texas C+C estimate from Dean Fantazzini’s data, we can estimate Texas conventional output (Texas C+C minus TX Permian and Eagle Ford), which is shown in the chart below.

(Click to enlarge)

Conventional output seems to have stabilized at an average of about 874 kb/d from May 2016 to April 2017 after falling about 120 kb/d from Dec 2014 to May 2016. Conventional output is about 25% of Texas C+C output in April 2017, 42% of output is Permian Basin LTO, and 33% of output is from the Eagle Ford.

By Dennis Coyne via Peak Oil Barrel

More Top Reads From Oilprice.com:




Download The Free Oilprice App Today

Back to homepage

Trending Discussions


Leave a comment

Leave a comment





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