Wednesday, July 12, 2017

Peak Oil? What Peak Oil? -- World-Class Formation Discovered Off Mexican Shore -- July 12, 2017

From The Wall Street Journal:
One of Mexico’s earliest private-sector energy investors says that it has struck it big with a significant oil discovery in Mexican waters.

Britain’s Premier Oil PLC, along with partners Talos Energy of Houston and Sierra Oil & Gas of Mexico City, said Wednesday that exploratory drilling in the Zama-1 field, located in the shallow waters of the Gulf of Mexico, had uncovered a “world-class” formation with between 1.4 billion and two billion barrels of light crude oil, or roughly double earlier predictions.

Earlier this year, the group had estimated that there were between 700 million and 800 million barrels in the deposit.
It may be "world-class," but OOIP pales in comparison to what the Bakken has.

More at the link.

Also in the Oil & Gas Journal.

US Refinery Inputs Hit Record

State Rankings: Total Energy Consumed Per Capita, 2014

Via Twitter, an EIA ranking.

I'm not quite sure why EIA's most current data for this metric goes all the way back to 2014. One would think that data should be available for 2016 by now. Whatever.

Top ten in energy consumption per capita:
  • Louisiana
  • Wyoming
  • North Dakota
  • Alaska
  • Iowa
  • Texas
  • Nebraska
  • South Dakota
  • Indiana
  • Oklahoma
Bottom ten
  • New York (#51)
  • Rhode Island
  • California
  • Hawaii
  • Florida
  • Connecticut
  • Arizona
  • Massachusetts
  • Vermont
  • Nevada
  • Maryland
  • New Hampshire
Posted only for "grins." There are so many reasons such a metric is meaningless. 

We'll start with the amount of energy used in farming. 'Nuf said.

One other thought: all things being equal (and they definitely are not in this case): there is a correlation between quality of life and energy consumption. 

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