Peak Oil is You
Donate Bitcoins ;-) or Paypal :-)
Page added on July 6, 2014
North Dakota and Texas Now Provide Nearly Half of U.S. Crude Oil Production
U.S. crude production in April 2014 was 8.4 million barrels per day (bbl/d), with two states, Texas and North Dakota, accounting for nearly half of this total. Texas production topped 3.0 million bbl/d for the first time since the late 1970s, more than doubling production in the past three years, and North Dakota production broke 1.0 million bbl/d for the first time in history, nearly tripling its production over the same period, according to data from the U.S. Energy Information Administration’s Petroleum Supply Monthly report.
Combined crude oil production volumes from Texas and North Dakota reached 4.0 million bbl/d. From April 2010 to April 2014, crude oil production volumes in North Dakota and Texas grew at average annual rates of 37% and 28%, respectively, versus 2% average annual growth in the rest of the United States. During this period, North Dakota and Texas’s combined share of total U.S. crude oil production rose from 26% to 48% (see graph above). By comparison, the Gulf of Mexico’s crude oil production share declined from 27% to 17%.
Gains in Texas crude oil production come primarily from counties that contain unconventional tight oil and shale reservoirs in the Eagle Ford Shale in the Western Gulf Basin, where drilling has increasingly targeted oil-rich areas, and multiple reservoirs within the Permian Basin in West Texas that have seen a significant increase in horizontal, oil-directed drilling. North Dakota’s increased oil production comes primarily from counties that contain the Bakken formation, also a tight oil reservoir, in the Williston Basin, where crude oil production growth has spurred a rise in crude-by-rail transportation. Since April 2011, the largest monthly average increase in production has come from the Eagle Ford, with an average monthly increase exceeding 32,000 bbl/d, more than twice the 14,000 bbl/d increase in the Permian. Production from the Bakken increased 19,000 bbl/d on average each month over the same period.
24 Comments on "North Dakota and Texas Now Provide Nearly Half of U.S. Crude Oil Production"
Nony on Sun, 6th Jul 2014 2:20 pm
US has more 3 million bpd more oil production. Did Campbell and Deffeyes predict that? Crickets chirp…
rockman on Sun, 6th Jul 2014 2:31 pm
Nor did anyone else back in the day. But who was predicting a 300% increase in the price of oil back then? As I’ve pointed out many times before: no one’s prediction of future oil production rates (whether positive or negative) isn’t worth a crap if it doesn’t include a detailed prediction of future oil prices.
Nony on Sun, 6th Jul 2014 2:45 pm
Simmons said we would have 500/bbl. How About Savinar? Crickets chirp.
Oh…and per Hubbert and Deffeyes, prices don’t matter. (Watching Deffeyes now, fun guy…nice lecture).
You actually are closer to insight than the King. Deffeyes linearization of US production (5 inute point of the video) says no uptick. And he even discusses price/technology and say they won’t make a difference. Can’t have it both ways, Rock. Can’t cite the price-produced shales…and then endorse these guys who say no impact from price. That’s why, though…that you’re better than those two.
And for what it’s worth, I was saying on forums (not peak oil, general chat fprums) in c.2005 that there would be another US oil boom. And NOT because I was a geologist or Austin Chalk veteran. Just because I remembered what went down in the early 80s.
rockman on Sun, 6th Jul 2014 3:07 pm
“And for what it’s worth, I was saying on forums in c.2005 that there would be another US oil boom”. Well Dah! Want to stick your neck out again and predict snow in Wisconsin this winter? LOL. The oil patch has cycled from booms and busts time and again since the very beginning. IOW there is a bust coming. A bust that will eventually be followed by boom.
Remember you heard it here first. LOL.
Nony on Sun, 6th Jul 2014 3:36 pm
Yeah, I agree. Still…people looked at my like I was crazy when I said that. All the Canadians were like, sorry…you must bow down to our oil sands. 😉
GregT on Sun, 6th Jul 2014 3:42 pm
“I was saying on forums (not peak oil, general chat fprums) in c.2005 that there would be another US oil boom.”
The US peaked in the early seventies, this ‘boom’ is only a short term blip, on the relentless downhill slope to depletion. Enjoy it while it lasts, and use it wisely to make preparations for the inevitable.
Nony on Sun, 6th Jul 2014 3:46 pm
If Texas exceeds 4 million bopd, there are going to be a lot of people eating crow. Except peakers don’t eat crow. They run and hide and goalpost shift.
Lore on Sun, 6th Jul 2014 3:56 pm
Maybe at $150 we can frack even more? Still, we are importing several million barrels everyday. A long ways away from being energy independent.
Nony on Sun, 6th Jul 2014 4:04 pm
Frack it. Frack it…good.
http://www.youtube.com/watch?v=Xbt30UnzRWw
Perk Earl on Sun, 6th Jul 2014 4:05 pm
“A long ways away from being energy independent.”
For some reason that most important point gets lost in the shuffle, and what does that tell us about a country producing so much FF, yet still importing oil and NG to make up the shortfall? It probably says shelve the plans for a victory party.
Plantagenet on Sun, 6th Jul 2014 4:16 pm
Thank god for fracking. The world would be in a world of hurt if not for the extra 3 mm bbls/day of oil being produced.
rockman on Sun, 6th Jul 2014 4:44 pm
Earl and Lore – And I give you both a friendly poke in the ribs: it isn’t “energy independence” folks are eluding to. It’s really import independence. Consider this hypothetical: oil and NG reach (and are sustainable at least for a bit of time) at a high enough level we no longer import either. Either thru increased production and/or demand destruction. Is that going to be a happy day for the US consumers? Consider where we are now: the same dynamic that spurred the shale boom has also resulted in an extra $500 billion per year to our oil bill.
Just how much more import independence can the American consumer afford? LOL. Mind you I’m not complaining: that wealth is being transferred to me and my cohorts.
And on a more serious note, given current events in the Middle East, how much more blood are we willing to swap for oil? As the situation progresses I fear we’ll get that answer sooner then I would hope.
Harquebus on Sun, 6th Jul 2014 5:02 pm
Cracking rocks to extract the dregs is not a solution. EROEI mates, EROEI.
Depopulate or perish.
kervennic on Sun, 6th Jul 2014 5:47 pm
Ponzi scheme to drain idiots money into wall street wolves pocket. US would save more money and resources to buy oil on the international world market.
This is all wacko ideology: look at a fracking set up, how complicated and expensive it is, no way this can be profitable in year to come !
kervennic on Sun, 6th Jul 2014 5:50 pm
Ahahah, US is so weak it cannot resist ISIs and lost irak’s oil. Now it has to ridiculously drill its own land all over with monster equipement and null profit.
And this is sold as a great american victory. Morons !
SUPREME 1 on Sun, 6th Jul 2014 6:35 pm
But my main concern is the reduction of oil refiner in the United States
is more my concern
As for price of crude Yes its low for now But in the future it will go up by 20% Since as an exporter The US companies will ask for the highest price
When selling any product SELLER will always want the highest prices
As a buyer will always ask for lowest
Since the United State has reverse positions The price will go up
Now my concern is the refiners
Since Crude oil is just oil till its refined
Northwest Resident on Sun, 6th Jul 2014 8:04 pm
The shale oil “boom” that we are now living through will soon go “ka-boom!”, with a big time bust soon to follow.
Oil boom and oil bust. A constant cycle, or has been for quite a while. But just watch out for that last bust because it’s going to be a big one — a bust to end all busts, you might say. Know what I mean?
Makati1 on Sun, 6th Jul 2014 10:20 pm
Producing about 8M bbl/day currently.
We reached this same level the first time in 1966 when oil was selling for $1.80/bbl. ( $13.22+ in 2014 dollars.)
It is now selling for $104.06/bbl. (WTI)
That is equal to ~$14/bbl in 1966.
Interesting isn’t it? What a difference time makes.
Beery on Mon, 7th Jul 2014 2:06 am
“…peakers don’t eat crow. They run and hide and goalpost shift.”
Yeah, and cornucopians NEVER do that. Remind me again, Nony, what counts as oil these days? Have we reached the point yet where they count used vegetable oil from McDonalds french fry deep fryers?
Tomgood on Mon, 7th Jul 2014 2:34 am
Not much good producing 10 million barrels a day, when it takes you 5-6 million to do it.
Have a look at Christ Martenson’s Accelerated Crash Course on YouTube. Explains the real state of things very clearly.
Mike2 on Mon, 7th Jul 2014 2:56 am
“Have we reached the point yet where they count used vegetable oil from McDonalds french fry deep fryers?”
Recycling vegetable oil to biofuel is a widely used standard technology today.
Makati1 on Mon, 7th Jul 2014 7:44 am
Mike2, only in a few areas and that is a drop in the bucket. Do you think that happens at your local McDonalds? Ask them sometime.
buddavis on Mon, 7th Jul 2014 8:43 am
Outside of a few comments, this comments sections seems to be a “Peaker” vs. “Cornucopia” pissing contest.
It is a shame because I think when you strip away some of the rhetoric, both sides have good points, even if I do not agree with their prescriptions.
Pops on Mon, 7th Jul 2014 12:54 pm
I read a quote of John Wayne’s today:
“If everything isn’t black and white I say why the hell not?”
He would have been right at home on a message board
—
Just dawns on me that The Duke and The Hubbert both were named Marion. Not sure what the cosmic significance of that is but I’m sure lots of people out there have an opinion, black and white to be sure.
LOL