The Imminent Peak in US Oil Production
Posted: Tue 12 Aug 2014, 11:30:58
Hats off to Ron Patterson at POB for continuing good work, this is from a post by David Archibald
The seven years of production of tight oil in the US has produced enough data to
enable estimation of the amount of oil that will be recovered from these systems and
the timing of peak production. Based on data to May 2014, the four main tight oil
basins will produce a total of 7.7 billion barrels with a peak production rate of 3.9
million barrels per day in mid-2015. Following that peak, production is predicted to
decline as rapidly as it rose. That in turn is expected to cause a re-assessment of the
ability to produce sufficient transport fuels based on current policies.
The Bakken in North Dakota
Jean Laherrere has plotted monthly oil production from the Bakken Fm in North
Dakota using Hubbert linearization:
...