Ron Patterson

Latest articles from Ron

• Just How Accurate Are The EIA’s Predictions?

  Published 15 February 2016 | viewed 14,012 times

   The EIA recently published the February edition of their Short-Term Energy Outlook. If you follow this month to month, and I do, you will notice…

• If A Cut Is Going To Come It Won’t Be From OPEC

  Published 12 February 2016 | viewed 13,337 times

  The latest OPEC Monthly Oil Market Report is just out. The data is “Crude Only” production and does not reflect condensate production. Also the charts,…

• Are We Nearing A Transition Point In Oil Production?

  Published 09 February 2016 | viewed 27,553 times

  Rystad Energy, an independent oil and gas consulting services and business intelligence data firm in Oslo, Norway, has online, a wealth of information concerning upstream…

• Non OPEC Oil Production To Collapse In 2016

  Published 04 February 2016 | viewed 34,123 times

  The IEA Oil Market Report, full issue, is now available to the public. Some interesting observations: Non-OPEC oil supplies are sharply lower in December. Overall…

• Is Non-OPEC Oil Production Beginning A Serious Decline?

  Published 29 January 2016 | viewed 22,382 times

  The EIA’s Monthly Energy Review just came out. They have the U.S. production numbers through December along with World, OPEC C+C, Non-OPEC and selected Non-OPEC…

• OPEC At Peak Production

  Published 20 January 2016 | viewed 18,924 times

  The OPEC Monthly Oil Market Report is out. OPEC took a hit in December, down 205,000 barrels per day. After examining the past and present production…

• Except For Permian, Texan Oil Production Falling Fast

  Published 19 January 2016 | viewed 6,135 times

  The Texas RRC Oil and Gas Production Data is out. This data is always incomplete. But we can get some idea of what the trend is…

• Peak Oil Production Is Still Years Away

  Published 01 January 2016 | viewed 32,057 times

  Dennis Coyne, an editor and frequent contributor to this site, has suggested that we are not at peak oil. He argues that there is likely…

• OPEC Expects U.S. Oil Production To Rise In 2016… Really?

  Published 29 December 2015 | viewed 28,793 times

  The OPEC 2015 World Oil Outlook came out a few days ago. They basically produce two outlooks, a medium term outlook to 2020 and a…

• Is 2015 The Year Of Peak Oil Production?

  Published 26 December 2015 | viewed 10,077 times

  I follow the JODI World Oil Database primarily because it is now four months ahead of the EIA international data base. I make some adjustments…

• Weak Demand From Major Consumers Puts A Cap On Oil Price Growth

  Published 24 November 2015 | viewed 6,331 times

  The EIA publishes oil consumption numbers for all major nations. However they have data for most nations only through 2013. They do have data for…

• The Bakken’s Big Decline Is Already Underway

  Published 16 November 2015 | viewed 19,439 times

  The NDIC has published their monthly update for Bakken Oil Production and all North Dakota Oil Production.(Click Image To Enlarge)Bakken production was down 24,424 barrels…

• OPEC Production By The Numbers

  Published 13 November 2015 | viewed 13,048 times

  OPEC has published their OPEC Monthly Oil Market Report with crude only production numbers for October 2015. The charts are “Crude Only” production and are…

• Global Rig Count Continues Steady Decline

  Published 09 November 2015 | viewed 10,576 times

  Baker Hughes has published its International Rig Count with production numbers for October. This is a monthly rig count and breaks down the international rigs…

• U.S. Production Finally Starting To Drop Significantly

  Published 02 November 2015 | viewed 12,508 times

  The EIA’s Petroleum Supply Monthly is just out with production numbers, through August, for each state and offshore territories. The EIA’s Monthly Energy Review is…

• Texas Oil And Gas Both Decline In August

  Published 22 October 2015 | viewed 7,001 times

  The Texas RRC Oil and Gas Production Data with production data for August is out.(Click to enlarge)The RRC data is always incomplete but if this…

• Bakken Production Down Plus IEA Predictions

  Published 14 October 2015 | viewed 4,918 times

  The Bakken and North Dakota production data is in.(Click Image To Enlarge)Bakken production was down 19,502 bpd in August while all North Dakota was down…

• Latest OPEC Report Yields Few Surprises

  Published 13 October 2015 | viewed 3,497 times

  The OPEC Monthly Oil Market Report is just out with the crude only production numbers for the 12 OPEC countries. The data below is in…

• EIA’s Short Term Energy Outlook For 2016

  Published 08 October 2015 | viewed 10,763 times

  The EIA is out with the latest Short Term Energy Outlook. All charts below are in million barrels per day. The one table is in…

• EIA’s Latest Petroleum Report Yields Few Surprises

  Published 01 October 2015 | viewed 6,664 times

  The EIA has just published their Petroleum Supply Monthly with July production data for the USA and all states and territories. There were really no…