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The Quote & Photo of the Week
Wood Mackenzie analysts, however, believe that the surge in U.S. LNG exports will combine with the power needs of the AI data centers to drive gas demand materially higher. But operators have mostly tapped out the highest-quality gas acreage, technology gains appear to be plateauing, and a decline in oil-directed drilling is set to reduce the volumes of associated gas, according to WoodMac.
We've been saying this for tw0 years at oilystuff.com; the American consumer and United States industrial might is going to pay the price.
Associated gas production from tight oil wells is waning as cores are becoming over-drilled and pressure depletion is knocking on the door.
If you question parent/child productivity degradation and pressure depletion from over drilling, check out the photograph below.
This is NOT AI generated. It is an actual photo of 14 drilling rigs (including the one from which the photo was taken) working in…
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Hi Mike, Can you explain the huge difference in the oil data from the TRRC here rrc.texas.gov/oil-and-gas/research-and-statistics/production-data/texas-monthly-oil-gas-production/ and the EIA data. eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRFPTX1&f=M
Look at months back in 2020 and other years when all data should have been adjusted for reporting delays. There is a huge difference with Texas often 20 million BBO per month lower in the TRRC data compared to the EIA data and it does not seem to be gas or condensate related. Any thoughts?
Dick