Sunday, November 15, 2015

Peak Oil? What Peak Oil? -- November 15, 2015: It's Pretty Impressive To Do With 70 Rigs What It Used To Take 200 Rigs And With 1,019 Wells Drilled To Depth But Not Fracked

This year, September, 2015:
  • rig count: 71
  • producing wells: 13,025
  • 1,162,253 bopd
  • October, 2015 permitting: 152
One year ago, September, 2014:
  • rig count: 193
  • producing wells: 11,741
  • 1,184,635 bopd
  • October, 2014, permitting: 328
Delta: 1,184,635 - 1,162,253 = 22,382 / 1,184,635 = a whopping 1.9% increase, year-over-year.

Pricing:
  • Last year, spot price, November 14, 2014: $58.75
  • This year, spot price, November 13, 2015: $31.25

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