Locator: 45451B.
Is anyone doing the math? This has been going on for quite some time. Link here.
- global oil production (liquids to include lease condensate and NGLs)
- 2022: 93.8 billion bpd (just sort of the 2019 record)
- 2021: 90 million bopd
- 2019: 94.8 million bod (all-time high)
- global oil consumption:
- 2022: 97.3 million bpd
- 2021: 94.2 million bpd
- 2019: ~ 99.8 millionn bpd (all-time high)
- Global producers:
- oil production: US took the lead in 2014 and has led every year since then but one
- 2022: US oil production just 3.5% short of all-time record set in 2019;
- on pace to set new production record this year [despite E&Ps cutting back on CAPEX and drillng]
- the US enjoys a lead over both Saudi Arabia and Russia but not be much, only a million bpd
- but when you include NGLs, then the spread is amazing
- 2022:
- US: 17.8 million bpd
- Saudi Arabia: 12.2 million bpd
- Russia: 11.2 million bpd
- Global top ten consumers:
- Germany dropped out of the top-10 list
- Mexico joined the list at #10
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Back to the Bakken
WTI: $80.35.
Active rigs: 38.
Three new permits, #40147 - #40149, inclusive:
- Operator: Koda Resources
- Field: Fertile Valley (Divide County)
- Comments:
- Koda Resources has permits for three Amber wells, SESW 14-160-103,
- to be sited 500 FSL and between 2220 FWL and 2280 FWL
Six permits canceled:
- WPX: six Skunk Creek permits, NWSW 10-148-93 and NWNW 24-149-93.
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