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IEA: OPEC Can’t Save The Oil Market

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Ending The Oil War Isn’t Enough

Oil prices rallied on Thursday…

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…

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Texas Railroad Commission November Production Report

 

The Texas RRC Data Base came out a few days ago. The data is reported through September but of course it is incomplete. The data from the field comes in very slow in Texas and the RRC only reports the data they receive. All data is through September and is in barrels per day.

RRC Texas Crude Only

Crude has only shown a slight downward trend for the last two months. After revision, when the final data comes in, production will likely still be up slightly but if this is any indication, it will be up less than in months past.

RRC Texas Condensate

Texas condensate production started a dramatic slowdown in June of 2013. It actually declined three months in a row, June, July and August of 2013 but then started to recover. But production growth has slowed since that date.

Related: Early Signs Of A Pullback In Drilling Activity

Texas RRC C+C and EIA Estimate

Adding the two we get what the EIA reports, Crude + Condensate. I have included the EIA’s estimate which is only through August. The EIA is just guessing here of course and this guess seems to be revised by a few barrels every month. Of course they eventually get it right as the dip in October 2013 shows.

RRC Texas Gas Well Gas

Texas gas well gas peaked back in January 2009 and reached a lower peak in November of 2011. But it appears to have peaked unless much higher prices spurs a lot more drilling.

Related: The Heart of This Shale Play Just Banned Fracking

RRC Texas Associated Gas

Texas associated gas is still increasing because oil drilling is still increasing. Texas associated gas accounts for about 22 percent of Texas total gas.

RRC Texas Total Gas

Adding the two we get Texas total gas. Total gas production still appears to be increasing but only slightly.

By Ron Patterson

Source - www.peakoilbarrel.com 

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