Growth in Global Total Debt sustained a High Oil Price and delayed the Bakken “Red Queen”

The saying is that hindsight (always) provides 20/20 vision. In this post I present a retrospective look at my prediction from 2012 published on The Oil Drum (The “Red Queen” series) where I predicted that Light Tight Oil (LTO) extraction from Bakken in North Dakota would not move much above 0.7 Mb/d. Profitable drilling inContinue reading “Growth in Global Total Debt sustained a High Oil Price and delayed the Bakken “Red Queen””

Norwegian Crude Oil Extraction, Fall 2014 Status

This post is a status update on crude oil extracted from the Norwegian Continental Shelf (NCS) and presents the developments of some selected discoveries long in the tooth and some more recent developments. I presented my 2014 crude oil forecast towards 2040 in Norwegian Crude Oil Reserves and Production per 2013 in April 2014. NorwegianContinue reading “Norwegian Crude Oil Extraction, Fall 2014 Status”

IN BAKKEN (ND) IT IS NOW MOSTLY ABOUT MCKENZIE COUNTY

In this post I present an update to my previous posts over at The Oil Drum (The Red Queen series) on developments in tight oil production from the Bakken formation in North Dakota with some additional estimates, mainly presented in charts. The expansion is much about the differences between wells capable of producing, actual producingContinue reading “IN BAKKEN (ND) IT IS NOW MOSTLY ABOUT MCKENZIE COUNTY”