Pops wrote:We're sick! I checked on this myself just the other day!
Pops wrote:We're sick! I checked on this myself just the other day!
Crude oil is not even mentioned as a product of production there.Range Resources Issues Marcellus Shale Update For Third Quarter Of 2010
Marcellus Shale (blog) / Oct 21, 2010
Range Resources (RRC) issued an operations update for the third quarter of 2010 on its properties in the Marcellus Shale. The company has been increasing its acreage in the Marcellus Shale and recently added 42,00 net acres in southwestern Pennsylvania. Range Resources exchanged 55,000 net acres in other parts of West Virginia and Pennsylvania as part of the deal.
Range Resources reported that the company exited the third quarter of 2010 producing at a net rate of 191 million cubic feet equivalent per day. The company said that 71% of this production was natural gas and 29% was composed of natural gas liquids and condensate.
bratticus wrote:The report could show that 2010 was a really, really good year for oil production. We could see incredible increases in production, say, even as much as 0.05% or so.
Global oil production increased by 1.8 million b/d in 2010 or 2.2%
In 2010, world oil production grew by 1.8 Mb/d and surpassed the level reached in 2008. Growth was the largest since 2004 and was divided evenly between OPEC and non-OPEC. The largest increases in OPEC were in Nigeria (+340,000 b/d) and Qatar (+220,000 b/d). Non-OPEC output increased by 0.9 Mb/d, the highest since 2002, and was led by China (+271 Kb/d) - which recorded its largest increase ever-, the US (+242 Kb/d), and Russia (+236 Kb/d).
Methodology
Oil production data includes crude oil, shale oil, oil sands and NGLs (natural gas liquids - the liquid content of natural gas where this is recovered separately). It excludes liquid fuels from other sources such as biomass and coal derivatives.
[...]
World natural gas proved reserves in 2010 were sufficient to meet 58.6 years of global production. R/P ratios declined for each region, driven by rising production. The Middle East once again had the highest regional R/P ratio, while Middle East and Former Soviet Union regions jointly hold 72% of the world’s gas reserves
bratticus wrote:The report could show that 2010 was a really, really good year for oil production. We could see incredible increases in production, say, even as much as 0.05% or so.
OilFinder2 wrote:bratticus wrote:The report could show that 2010 was a really, really good year for oil production. We could see incredible increases in production, say, even as much as 0.05% or so.
Here she isGlobal oil production increased by 1.8 million b/d in 2010 or 2.2%
In 2010, world oil production grew by 1.8 Mb/d and surpassed the level reached in 2008. Growth was the largest since 2004 and was divided evenly between OPEC and non-OPEC.
[...]
OilFinder2 wrote:74906 (2001) -> 82095 (2010) is up 7,189 a 9.5974% increase!!!
Wow, they almost got world oil production to rise ten percent!
From To Std Dev
2001 2010 3133.6914759335
2002 2010 2569.6207262932
2003 2010 1657.196490907
2004 2010 700.8648811729
2005 2010 657.7947395229
bratticus wrote:What happened to the change, the growth?
BP wrote:In 2010, world oil production grew by 1.8 Mb/d and surpassed the level reached in 2008. Growth was the largest since 2004
OilFinder2 wrote:Growth was the largest since 2004
year 2010 2011 change
2001 74813 74906 94
2002 74533 74700 167
2003 76916 77075 159
2004 80371 80568 197
2005 81261 81485 225
2006 81557 81729 172
2007 81446 81544 98
2008 81995 82015 20
2009 79948 80278 300
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