January 1, 2019: in the original post I was going to note that despite low number of permits and low number of active rigs, production is setting all-time records. It was great to see that a reader did that for me. See comments. I've brought the comment up here for easier access:
EIA 914 shows another record for US (October, 2019, monthly production): 12.66 MM bopd. And that's with 0.1 MM bopd still to return from GOM outages.
It will be very, very close, but I'm still seeing a chance that we will finish 2019 (December, 2019, monthly data) with a 13-million-bopd in production.
Record natgas also:
Natural gas production is comfortably over 100 BCF/d total withdrawals, lower 48, at 105.1 BCF/d. (I don't count Alaska production since it is just reinjected.)
ND showing over 3 BCF/d.
LA just popped over 9 BCF/d and is a hair away from breaking its November, 2011, record.Search on the blog: "doofus-in-chief."
The peak oil/gas folks have been reduced to saying growth is "too slow" or "about to turn" since they've been boot-stomped by actual production, hitting new records almost every month.
It looks like the last time I estimated the number of oil and gas permits issued by the NDIC for calendar year 2019 was posted on October 8, 2019. At that time, this is what I posted:
Projection: Based on the number of permits in each of the following months, the number in bold was the projected number of permits for calendar year 2019 had the rate for the entire year remained the same as that one month. For example, based on the number of permits issued in April, 2019, had that been the "rate" for the entire calendar year (2019), 1,582 permits would be issued for calendar year 2019.
- January, 2019: 1,495
- February, 2019: 1,434
- March, 2019: 1,578
- April, 2019: 1,582
- May, 2019: 1,660
- June, 2019: 1,557
- July, 2019: 1,671
- August, 2019: 1,495
- September, 2019: 1,107
- first 8 days of October, 2019: 1,688
Total number of NDIC oil and gas permits: 1,397.
At this post, dated June 22, 2019, the number of permits by calendar year and the projected number of permits at that time for calendar year, 2019, with the new number added:
- 2019, 1,397
- 2018: 1,466
- 2017: 1,189
- 2016: 818
- 2015: 2,055
- 2014: 3,012
- 2013: 2,671
- 2012: 2,522
I'll have a breakdown of the permits by operator, field, etc., later.