Monday, August 22, 2016

Tight Oil Plays In The US -- EIA -- Annual Energy Outlook 2016 -- August 22, 2016

First the screenshot:


See poll at the sidebar at the right, asking readers what they think is most remarkable about this graphic? Update, August 24, 2016, results of the poll:
  • that the Bakken is the dominant US tight oil play: 58%
  • that the Eagle Ford dwindles relatively quickly, compared to the Bakken: 16%
  • after peaking in 2030, Bakken production barely declines through 2040: 13%
  • that Oklahoma's STACK/SCOOP plays are relegated to "other plays": 6%
  • that the Bakken is forecast to "last" this long: 6%
From this link.

I don't know about you, but for me, this graph is incredibly compelling. It takes me back to the original estimates by Harold Hamm and Bentek.

Note which "play" is absent from the graphic. It is part of "other," no doubt.

Right now, in late 2016, the Permian is getting a lot of interest, but at the end of the day, it's hard to beat a play with oil comprising 93% (or more of the output).

By the way, it appears that the "area under the curve" for the Bakken is about 14 billion bbls of oil (from 2015 to 2040). Conservative estimates: the Bakken will produce at least 50 billion bbls of oil, assuming we don't go back to coal to power all the EVs in the US by 2050. 

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The Music Page
Lou Reed

Warning: sexually explicit lyrics. 


Initial critical review was mixed. Rolling Stone seemed to have "panned it" when it was released. It stood the test of time. From wiki:
In 1997, Transformer was named the 44th greatest album of all time in a 'Music of the Millennium poll conducted in the United Kingdom by HMV Group, Channel 4, The Guardian and Classic FM.
Transformer is also ranked number 55 on NME 's list of "Greatest Albums of All Time." In 2003, the album was ranked number 194 on Rolling Stone magazine's list of the 500 greatest albums of all time.[12] It is also on Q Magazine's list of "100 Greatest Albums Ever".

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