[Tanada]

$this->bbcode_second_pass_quote('JV153', 'T')his EIA report shows the real situation with tight oil in the US. I won't comment otherwise.

http://www.eia.gov/petroleum/drilling/pdf/dpr-full.pdf

Clearly stated in the footnotes is that tight oil production values in this report include condensate production.

[Pops]

Ron reports that the EIA has finally decided to actually survey producers for current data on oil production rather than whatever tea leaves they had been employing until now.

$this->bbcode_second_pass_quote('', 'B')eginning with the June 2015 data, EIA is providing estimates for crude oil production (including lease condensate) based on data from the EIA-914 survey.

[Tanada]

Interesting, from the link you posted this should make their projections more realistic and less speculative. Time will tell of course.

[Outcast_Searcher]

$this->bbcode_second_pass_quote('Tanada', 'I')nteresting, from the link you posted this should make their projections more realistic and less speculative. Time will tell of course.

[efarmer]

Knowing how crucial energy including petroleum is to the nation, and that the EIA report
is public information, I have to assume this is just to bolster the public report acceptance. I have to
assume policy makers and the industry all have much more accurate, and market dynamic responsive
tools and that they have used them and perfected and refined them continuously for many decades.
If this system was an aircraft, it's creators would drive or ride on trains when they traveled.

[Outcast_Searcher]

$this->bbcode_second_pass_quote('efarmer', 'K')nowing how crucial energy including petroleum is to the nation, and that the EIA report
is public information, I have to assume this is just to bolster the public report acceptance. I have to
assume policy makers and the industry all have much more accurate, and market dynamic responsive
tools and that they have used them and perfected and refined them continuously for many decades.
If this system was an aircraft, it's creators would drive or ride on trains when they traveled.

[Subjectivist]

It would be nice if projection out for say, the next three years are more accurate. Personally I think any projection further out than three years is very tentative at best and outright fantasy at worst. To much chance of wars or natural disasters or just plain economics changing things the further into the future you make your projections.

[Pops]

$this->bbcode_second_pass_quote('Subjectivist', 'I')t would be nice if projection out for say, the next three years are more accurate.

[Subjectivist]

$this->bbcode_second_pass_quote('Pops', '')$this->bbcode_second_pass_quote('Subjectivist', 'I')t would be nice if projection out for say, the next three years are more accurate.

[Apneaman]

Why now?

[efarmer]

$this->bbcode_second_pass_quote('Outcast_Searcher', '')$this->bbcode_second_pass_quote('efarmer', 'K')nowing how crucial energy including petroleum is to the nation, and that the EIA report
is public information, I have to assume this is just to bolster the public report acceptance. I have to
assume policy makers and the industry all have much more accurate, and market dynamic responsive
tools and that they have used them and perfected and refined them continuously for many decades.
If this system was an aircraft, it's creators would drive or ride on trains when they traveled.

[Keith_McClary]

$this->bbcode_second_pass_quote('Apneaman', 'W')hy now?

[Synapsid]

Y'all,

The lagged state data refers to the states' reporting agencies not reporting data to the EIA in a timely manner. The lags were different in different states; in Texas, the biggest producer, there was about an 18-month delay before the accumulated reporting was completed.

The EIA has begun requesting data from the states in a more standardized fashion.

Things should get better with Texas' reporting anyway, as I believe the good folks at the Texas Rail Road Commission have begun using them computer thangs where they had been working with paper and pencil.

As to our policy makers having much more accurate production information than is available to the public: the President does, if the CIA has been doing its job (and if the Fed. government subscribes to DrillingInfo maybe). The intelligence arms of the Departments of State and of the Treasury too, would be my guess. Look up the flow chart for the US intelligence effort sometime; it's an eye-opener.

[Synapsid]

Correction to my post:

The EIA has begun requesting data in a standardized fashion from the producing companies, a much more direct approach than from the regulating agencies of the states.

blasted computers write what I type, not what I mean

[tita]

October monthly report is out. I've made some calculation, substracting federal offshore and Alaska production from the total US production. The idea is to see how LTO is doing.
From jan 2014 through march 2015, the production increased with an average of 100kb/d each months, with only one month with a decrease. We got a whopping 1.4Mb/d increase in just 14 months.
But since, production only decreased, with an average of 60kb/d each months. Production retreated by a little more than 1Mb/d in 17 months. Of course, this include any lower 48 onshore production (conventionnal, stripper wells and LTO). August 2016 saw an increase, largely due to offshore. Lower 48 onshore decreased again by 60kb/d.

[asg70]

$this->bbcode_second_pass_quote('pstarr', '
')The consumer doesn't want to or can't pay for +~$50/barrel for oil

[KingM]

25,000 posts. Let's say each of his posts averages about 100 words, or roughly a paragraph. A novel is about 75,000 words, so he's posted 30 novels worth of material to these threads over the years.

I find myself wondering if 15 years from now people will still be predicting imminent doom on this forum. It's been going a while, so why not?

[Outcast_Searcher]

$this->bbcode_second_pass_quote('asg70', '')$this->bbcode_second_pass_quote('pstarr', '
')The consumer doesn't want to or can't pay for +~$50/barrel for oil