[Beery1]

I just noticed the Bakken took a bit of a hit in November:

https://www.dmr.nd.gov/oilgas/stats/his ... lstats.pdf

A 5% drop in monthly production? I wonder what that's all about?

[Keith_McClary]

$this->bbcode_second_pass_quote('Beery1', 'I') just noticed the Bakken took a bit of a hit in November:

https://www.dmr.nd.gov/oilgas/stats/his ... lstats.pdf

A 5% drop in monthly production? I wonder what that's all about?

[Beery1]

$this->bbcode_second_pass_quote('Keith_McClary', 'D')oesn't explain why. Links to this chart:
http://whttp://www.bloomberg.com/quote/ ... BTNDOI:IND

[SamInNebraska]

$this->bbcode_second_pass_quote('Beery1', 'I') just noticed the Bakken took a bit of a hit in November:

https://www.dmr.nd.gov/oilgas/stats/his ... lstats.pdf

A 5% drop in monthly production? I wonder what that's all about?

[dorlomin]

$this->bbcode_second_pass_quote('SamInNebraska', '')$this->bbcode_second_pass_quote('Beery1', 'I') just noticed the Bakken took a bit of a hit in November:

https://www.dmr.nd.gov/oilgas/stats/his ... lstats.pdf

A 5% drop in monthly production? I wonder what that's all about?

[rockdoc123]

This is a bit misleading I'm afraid. Although the rig count has decreased production in North Dakota has steadily increased from 16.9 MM bbls in January of 2012 to 21.9 MM bbls in November 2012. Although active rigs decreased in North Dakota they rose during this period in Montana. The Bakken doesn't respect state boundaries I'm afraid.

It is always difficult to read much into the number of active rigs unless you understand first what the rigs are doing (drilling, completing, workovers) and also whether or not it has something to do with seasonality. Often companies run out of budget late in the year and hence push activity into the next fiscal year. As well companies like to avoid drilling over the holiday season if they can, simply because you get staff whose minds aren't always on the task at hand and the potential for lost time incidents increases.

[Beery1]

$this->bbcode_second_pass_quote('SamInNebraska', '')$this->bbcode_second_pass_quote('Beery1', 'I') just noticed the Bakken took a bit of a hit in November:

https://www.dmr.nd.gov/oilgas/stats/his ... lstats.pdf

A 5% drop in monthly production? I wonder what that's all about?

[Beery1]

$this->bbcode_second_pass_quote('rockdoc123', 'T')his is a bit misleading I'm afraid. Although the rig count has decreased production in North Dakota has steadily increased from 16.9 MM bbls in January of 2012 to 21.9 MM bbls in November 2012. Although active rigs decreased in North Dakota they rose during this period in Montana. The Bakken doesn't respect state boundaries I'm afraid.

[Plantagenet]

$this->bbcode_second_pass_quote('Beery1', ' ')This suggests that they have run out of places to drill in those areas.

[Keith_McClary]

$this->bbcode_second_pass_quote('Beery1', '')$this->bbcode_second_pass_quote('Keith_McClary', 'D')oesn't explain why. Links to this chart:
http://whttp://www.bloomberg.com/quote/ ... BTNDOI:IND

[Dybbuk]

$this->bbcode_second_pass_quote('ennui2', '')$this->bbcode_second_pass_quote('Dybbuk', 'I')F a die-off happens, it will be the fault of politics?

[ennui2]

My point is not that politics doesn't play a legitimate role. What I'm saying is that the constant drumbeat about politics degrades the discussion to the level of scapegoating and fails to see the forest through the trees. There's plenty of blame to go around and, by and large, we get the government we deserve.

[sparky]

.
On peak oil and politics ,
It should be mentioned that government in ALL the main countries have swallowed the debts
the old social democratic model of the government providing goodies ,services or the odd war
is now pretty stretched
Europe Japan and the U.S are buying stability with a lot of IOU
on top of saving the kosher bacon of financial giants with less financial brainpower
than the local bartender ( no open ended credit for drunks )

The plan is called "the gnomes underpants theory " from South Park
gnomes steal all the underpants , when confronted they present their business plan

1- get plenty of underwears
2- ???????????????
3- get a big profit

porn doomsters did a lot of damage to the credibility of Peak Oil
since they are demonstrably wrong , then the theory must be wrong

for meself , no wurries , peak oil is as certain as gravity

the"when" bit is rather immaterial ,it looks like we are there this decade
I don't work on a schedule and don't believe there are any remediation
It's all for the greater good ,
things will sort themselves eventually , it will not ( ? ) be a cliff , more like falling a set of stairs

the real question is will oil again be at ~20 $ equivalent a barrel ..... want to bet ?

[copious.abundance]

$this->bbcode_second_pass_quote('Beery1', 'S')easonality has never produced this much of a drop - last year there was no drop at all until February. Sure, maybe it's seasonal, but if so, it's a heck of a monthly drop. And if what you're saying about the holiday season is true, then we'll be looking at another drop next month - a drop in production in two consecutive months, which hasn't happened since 2004, when production was about 1/300th of what it is now.

[copious.abundance]

$this->bbcode_second_pass_quote('Beery1', ' ')This suggests that they have run out of places to drill in those areas.

[dolanbaker]

Don't forget that the best spots are drilled first, that 13% may account for 50% of the recoverable oil!

[Beery1]

$this->bbcode_second_pass_quote('Plantagenet', '')$this->bbcode_second_pass_quote('Beery1', ' ')This suggests that they have run out of places to drill in those areas.

[Beery1]

$this->bbcode_second_pass_quote('OilFinder2', '')$this->bbcode_second_pass_quote('Beery1', ' ')This suggests that they have run out of places to drill in those areas.

$this->bbcode_second_pass_quote('Beery1', 'T')hose areas are not the whole of the Bakken. It's a straw man to suggest they are. I never said anything about the entire Bakken. I'm only talking about the oil stats website that I posted a link to.