Pops wrote:Just guessing.
Pops wrote:...Not that the EIA estimate is never revised.
Revi wrote:According to Ron Patterson. Eagle Ford is down quite a bit already. It looks like the boom has gone bust already.
http://peakoilbarrel.com/eia-says-shale-continues-to-decline/#more-10504
In contrast, offshore production posted sharper than expected gains. According to EIA data, Gulf of Mexico production rose by more than 60 kb/d in August to 1.65 mb/d, its highest level since February 2010. With year-on-year gains of 210 kb/d, the US Gulf of Mexico took over as the largest contributor to US supply growth in August.
Pops wrote:Another factor is offshore. I'm thinking those projects don't turn around on a dime. This from the IEA OMR says GOM is keeping production up, at least was in august...In contrast, offshore production posted sharper than expected gains. According to EIA data, Gulf of Mexico production rose by more than 60 kb/d in August to 1.65 mb/d, its highest level since February 2010. With year-on-year gains of 210 kb/d, the US Gulf of Mexico took over as the largest contributor to US supply growth in August.
Pops, can you use your graphic design skills to redraw that image with Eagle Ford as the top layer? I really dislike this graph style because it makes separating individual trends from the average much harder if the biggest change is not in the uppermost data set, like you did with Fracking as part of world supply.
Eagle Ford...
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