.jpg)
Click pic to enlarge.
Posted on 10/24/2013 4:22:15 AM PDT by thackney
In the U.S. shale oil race, the Eagle Ford formation in Texas has beaten North Dakota's Bakken to the 1 million barrel per day milestone, according to a U.S. Energy Information Administration report on Tuesday.
The new monthly report, which is the first national effort to lay out comparable monthly figures and projections from six major shale plays, highlighted the stunning speed with which the Eagle Ford region has overtaken the Bakken region that first showed how hydraulic fracturing and horizontal drilling technology could revolutionize the oil industry.
Total production from Eagle Ford hit 1 million bpd in August and is projected to rise to 1.07 million bpd in October and to 1.09 million bpd in November, the EIA report showed. The Bakken, mostly in North Dakota, is expected to produce 935,000 bpd in October and 960,000 bpd in November.
The Bakken is the more mature of the two, with drilling ongoing since 2003. The Eagle Ford, which initially was seen as a natural gas play, did not have notable oil drilling until early 2009, according to consultant IHS.
The EIA's report marks the first time the U.S. federal government has issued such data from the Bakken, Eagle Ford, Haynesville, Marcellus, Niobrara and Permian basins.
The EIA's numbers differ, sometimes wildly, from other sources such as state regulators or analysts. The data also showed the difficulty in accurately pinning down the scope of the shale boom, which has consistently confounded analysts with the speed of production gains.
"A year ago if you'd asked if this would have happened, I wouldn't have seen such growth (in Eagle Ford)," said Wood Mackenzie analyst Phani Gadde.
...the well performance has been really good. Production increased pretty dramatically... reduced the backlog of well completions. It increased relatively steeply at the beginning of this year...
(Excerpt) Read more at rigzone.com ...
Drilling Productivity Report
http://www.eia.gov/petroleum/drilling/#tabs-summary-2
I hope the Cline beats them both.
I have the same hope for the James Lime. But very, very little expectation of anything close.
I’ll bet in five years there’ll be another half dozen or more plays that we’ve never heard of as of today. Isn’t this proving the abiogenic petroleum origin theory, or am I missing something here?
Not by a long shot. All of these are sedimentary basins, laid down from sediment on the surface rich in organic material.
So everywhere this is working, China, Poland, Israel, here, South America, etc. these are sedimentary basins?
All oil production is sourced from sedimentary rock.
There has been no oil production from igneous rock source.
“Isn’t this proving the abiogenic petroleum origin theory, or am I missing something here?”
Not in anyway what so ever! But I’m curious why you might think it does.
how does surface organic material get so deep underground?
The same way the surface material formed into sedimentary rock.
Do the math, sedimentation as little as 1 inch every 1,000 years is over 6 miles deep after 400 million years.
Oil is found in sedimentary basins that were formed under ancient oceans or lakes. You need to understand that they are only found if rock formation that were formed from sedimentation sources.
The same way it does it now, it settles on the ocean floor and that process has been going on since the beginning of time.
Click pic to enlarge.
How much is produced in the USA per day ? I remember reading 18.8 million barrels per day is consumed. Not sure of that fact .
Just wondering how much USA produces in a 24 hour period ?
Thanks for the news ...!
Thack when we see that the Mississippi River deposits 550 million tons of sediment a year into the Gulf of Mexico I wonder what the other rivers and stream of the world deposits. That’s not counting other ways in which sediment is laid down.
Thack I might add that all that sediment hitting the ocean daily easily explains the small rise in sea levels that the global warming fans parade around.
From the Bering Sea land bridge:
To most of the US being submerged:
Generalized geographic map of the United States in Late Cretaceous time.
Generalized geographic map of the United States in Middle Pennsylvanian time.
I’ll bet in five years there’ll be another half dozen or more plays that we’ve never heard of as of today.”
I’d wager that is true....I think likely also it will be b/c of the advance of technology.
This is truly an incredible story.
former roughneck salute!
We consume 18.5~19.0 MMBPD in energy liquids, but that number includes Natural Gas Liquids, ethanol and the like.
US Product Supplied
http://www.eia.gov/dnav/pet/pet_cons_psup_dc_nus_mbblpd_m.htm
Actual consumption of refined Petroleum Products has recently varied 15.8~16.7 MMBPD.
How much is produced in the USA per day ?
US Crude Oil Production is ~7.5 MMBPD.
US Crude Oil Production
http://www.eia.gov/dnav/pet/pet_crd_crpdn_adc_mbblpd_m.htm
When you count all our liquid energy production, including those same items like NGLs and ethanol, we are ~11 MMBPD.
U.S. Crude Oil and Liquid Fuels
U.S. Liquid Fuels Supply
http://www.eia.gov/forecasts/steo/report/us_oil.cfm
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.