decline rate, Tag

The latest OPEC Monthly Oil Market Report (MOMR) foresees that demand for OPEC crude oil will decline over the next year by about 300 kbd. This is largely in anticipation of additional production from elsewhere:

Saudi Aramco has stated that it designs the well layouts and extraction patterns from its oil fields so that they effectively decline at a rate of 2% per year.* If one divides 100 by 2 it yields 50. If one subtracts 50...

This is a guest post by Stephen Sorrell, senior lecturer Science and Technology Policy Research, Sussex Energy Group, and lead author of the UKERC Global Oil Depletion report, and Christophe McGlade, doctoral researcher at...

This is a good point to recap the intent of the current series of Tech Talks that appear here on Sundays. Internally, this marks the end of the segment that has dealt with North American oil and natural gas production. The...

This is a good point to recap the intent of the current series of Tech Talks, which appear here on Sundays. Internally, this marks the end of the segment that has dealt with North American oil and natural gas production....

In a recent article called There Will Be Oil in the WSJ, Daniel Yergin once again attempts to debunk the concept of peak oil and sees global production capacity growing to 110 mmbpd by 2030, followed by slow decline...

When I wrote about the Alaskan Pipeline last week, I noted that the pipeline was currently flowing at a volume of 495 kbd after the Alyeska folk who run the system had just issued a report indicating that there would be problems...

Last week I discussed the start of oil production in the United States, and the evolution of the Appalachian fields which, for a while, were the most productive in the world, but which are now largely depleted...

I had intended starting my country-by-country more detailed analysis this week, but with the publishing of the EIA compendium on world gas shale deposits, and a little controversy I got into in comments elsewhere, I thought...

The early arrival of unseasonal cold weather in the U.K. has increased demand for natural gas for heating which has called for heavy withdrawals of natural gas from storage and resulted in headlines like Could Britain’s...

Compared to previous years, this heating season in the U.K. has called for record withdrawals of natural gas from U.K. storage to balance demand. This drawdown will result in increased demand for natural gas for refilling...

This post offers a kind of reverse engineering of what numbers could be behind the long and detailed IEA decline analysis in their last report (2008 IEA WEO)...