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Friday, November 8, 2019

A Reader Brings Records Up To Date -- November 8, 2019

From a reader earlier this morning:
Did you cover the last EIA monthly production results?

EIA: https://www.eia.gov/petroleum/production/ (click tab to view gas, also)

Reuters: https://www.reuters.com/article/us-usa-oil-output/u-s-oil-output-soars-to-record-12-4-million-bpd-in-august-eia-idUSKBN1XA2A6

Mark Perry notes new all-time records (but he misses some): https://www.aei.org/carpe-diem/more-us-energy-milestones-12-new-production-records-were-set-in-august-for-natural-gas-and-oil/comment-page-1/#comment-215550
Additional comments from reader:
Record oil:
  • USA: will break 12.5 by year end; may break 13 (will be close)
  • TX: (second month above 5 MM bopd!)
  • GOM: broke 2 MM bopd!
  • ND: on pace to break 1.5 by year end
  • NM: on pace to break 1.0 by year end
  • OH: dancing with hitting 0.1 (i.e. 100,000 bopd) by year end
  • WV: second month at record level, dancing with hitting 0.05 (i.e. 50,000 bopd by year end)

Note: total "Appalachian" (PA/WV/NY/OH) is now at 157,000 bopd. This is above the record 150,000 bopd from the 1890s (per James Hamilton academic paper). So basically the tired old oil fields are now doing more than they ever did. Something for the peak oilers to consider...

Natural gas: many records as well, most notably ND breaking an iconic 3 BCF/d. PA is nearing 20 BCF/d (may hit by year end). TX is nearing 30! Paging the peak oilers ...
Peak oil? What peak oil?

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