Skip to content

Crude Oil Peak

Menu
  • Home
    • About
    • Disclaimer
  • OECD imports
    • France
    • Germany
    • Italy
    • Japan oil imports
    • OECD Europe
    • OECD Pacific
    • South Korea
    • UK
    • US Imports
  • Australian graphs
    • Australian electricity supply graphs
    • Australian crude oil production
    • Australian crude oil reserves
    • Oil import dependency
    • Oil and fuel imports
    • ULP prices
    • Industry stocks
    • End use of oil
    • WA crude oil
    • WA domestic gas
    • East coast conventional gas
    • Geoscience Australia March 2010
    • Geoscience Australia 2005/2006
    • Gippsland
    • LPG
    • Petrol rationing in WW2
  • Oil reserves
    • OPEC paper barrels
    • Kuwait Reserves
    • Strategic Oil Reserve
  • Global Peak
    • Algeria peak
    • Angola peak oil
    • Argentina peak
    • Azerbaijan peak
    • Brazil
    • Brunei peak
    • Canada and tar sands
    • Caspian peak
    • China Peak Oil
    • Deepwater peak
    • Egypt
    • Gabon peak
    • India peak oil
    • Indonesia peak
    • Iran Peak
    • Libya peak oil
    • Malaysia-peak
    • Mexico peak
    • Norway peak oil
    • Qatar peak
    • Russia peak
    • Saudi Arabia export peak
    • Sudan Peak
    • Syria
    • Tunesia
    • UAE peak
    • UK Peak
    • US Peak
    • Vietnam peak
    • Venezuela peak
    • Yemen
  • Energy Transitions
    • Germany energy transition
    • Japan Energy Transition
    • UK Energy Transition
    • US
  • Fuel Shortages
    • China Fuel Shortages
    • Egypt Diesel shortages
    • India petrol price hike
    • Malawi fuel shortage
    • Nepal
    • Nigeria fuel shortage
    • Pakistan petrol shortage
    • Russia
    • Tanzania fuel shortage
    • Uganda Fuel Shortage
    • Yemen fuel shortages
  • I told you so
    • Top Ryde Shopping Centre
    • North South Bypass Tunnel (Clem7) Brisbane
    • Airportlink Brisbane
    • Cross City Tunnel
    • Lane Cove Tunnel
    • Too late for Metro tunnels
    • Australian car manufacturing closing down
    • How the first phase of peak oil brought Virgin Australia into minus after 2008
  • Solutions
    • Night trains
    • Electric Rail on Freeways
    • LNG locomotive conversion
    • Electric trolley buses
    • Walk to school
  • Oil crises
    • Oil crisis 1973
    • My experience oil crisis 1979
    • Historical Oil Disruptions
  • Food and Oil
    • Farm Costs Australia
    • Food crises and political instability
  • Global warming
    • Storms of my Grandchildren
    • Extreme weather events
    • Global warming and petrol lines
    • Compensation claims from global warming damage
    • Sea level rises
    • Why coal seam gas will not reduce CO2 emissions
Menu

2005-2018 Conventional crude production on a bumpy plateau – with a little help from Iraq

Posted on August 26, 2019

This post is an update of a graph done in 2015:

Conventional_oil_plateau_2005_2014Fig 1: Conventional oil production on bumpy plateau 2005-2014
In https://crudeoilpeak.info/latest-graphs

When adding the new data for 2015-2018 it was discovered that the 1980-2014 data had been changed – mainly increased by up to 1.24 mb/d in 2014 as shown in this graph:

EIA_oil_supplies_stat-changes_2014_in_2018Fig 2: Total EIA oil supplies were retrospectively changed

When (re-)calculating conventional crude oil production the increase in crude oil (528 kb/d in 2014) matters most so the following graph shows this difference.

EIA_crude_stat-changes_2014_in_2018Fig 3: Changes in EIA crude oil statistics

US shale oil production

This is unconventional oil as the source rock has low permeability and low porosity and therefore needs to be fracked.

Porosity_rocks_soilFig 4a: Porosity in different types of rocks and soils
https://www.petropedia.com/the-significance-of-porosity-to-original-hydrocarbon-in-place/2/9898

Permeability-diagramFig 4b: Permeability in various reservoir rocks
https://infolupki.pgi.gov.pl/en/gas/petrophysical-properties-shale-rocks

As a result of this fundamentally different geology, shale oil decline rates are more than 10 times higher than in conventional oil fields. From an initial peak, shale oil production can decline by 80% within 1 year and 90% within 2 years. Conventional decline is usually around 5% pa.

Shale_oil_production_per-wellFig 5: Production profiles in selected shale oil regions in the US
https://www.eia.gov/todayinenergy/detail.php?id=36012

Initial well production – varying depending on geology – has increased over the years but decline rates have not improved.

US shale oil production can be obtained from the drilling productivity report (Excel file https://www.eia.gov/petroleum/drilling/xls/dpr-data.xlsx). This file is regularly modified (retrospectively) and updated. The corrections are usually upwards as the original drilling reports are estimates.

US-shale-production_Jan2007-Apr2019Fig 6: Crude production with data from drilling reports
https://www.eia.gov/petroleum/drilling/

The colors in Fig 6 are the same as those adopted by the EIA in this article https://www.eia.gov/todayinenergy/detail.php?id=39332

When comparing the drilling report data with the State data, we find a good match:

US_crude_production_5-States_2000-Apr2019Fig 7: Crude production with data from
https://www.eia.gov/dnav/pet/pet_crd_crpdn_adc_mbblpd_m.htm

How does that fit into the production statistics for the whole of the US? First, we have to find the conventional component of the Permian:

Permian-Basin-oil-produced-1980-2015Fig 8: Permian basin oil production https://www.researchgate.net/publication/319530733_Water_Issues_Related_to_Transitioning_from_Conventional_to_Unconventional_Oil_Production_in_the_Permian_Basin/download

Permian_conventional-unconventional_2000-2018Fig 9: Permian crude production by type

We incorporate the conventional wedge into Fig 9 and add production from other States:
US-crude-production-2000-Apr2019Fig 10: US crude production by State and oil type

Shale oil production really started only after 2004:

Horizontal_fracked_footage_2000-16Fig 11: Fracking horizontal wells started in the early 2000s https://www.eia.gov/todayinenergy/detail.php?id=34732

So we still have to separate the conventional production from the shale oil States.

US-crude-conv-shale-production-2000-2018Fig 12: US shale oil production above black line

Canadian tar sands

Canada_crude_production_2015-18Fig 13: Canadian crude production

Canada-tar-sand-production_1967-2018Fig 14: Canadian tar sands production by type
https://www.capp.ca/publications-and-statistics/statistics

Venezuela extra heavy oil (Orinoco)

Extra heavy oil production data have been used from these sources:

PODE the statistical publication of PVDSA http://www.minpet.gob.ve/index.php/es-es/comunicaciones/pode

Weathering Collapse: An Assessment of the Financial and Operational Situation of the Venezuelan Oil Industry
Hernandez and Monaldi
November 2016
The Growth Lab, Centre for International Development
Page 66
https://growthlab.cid.harvard.edu/files/growthlab/files/venezuela_oil_cidwp_327.pdf

Chavez-extra-heavy-oilFig 15: The late Comandante Chavez showing properties of extra heavy oil

Informe del Comisario 2017
Tables on pages 206-7 and 220
http://petroleumag.com/wp-content/uploads/2019/01/2017-INFORME-DEL-COMISARIO-2017-700-paginas.pdf

The Oil Industry Won’t Save Venezuela
CSIS
Andrew Stanley
28 March 2019
https://www.csis.org/analysis/oil-industry-wont-save-venezuela
Spanish translation:
https://www.laranadigital.com/analisis-del-csis-energy-program-la-industria-petrolera-de-venezuela-no-sera-lo-que-fue/

Venezuela_Orinoco-XP_1996-2018Fig 16: Venezuela extra heavy oil production by field/company

The data are difficult to reconcile and not very reliable, especially for PDVSA Orinoco (esfuerzo propio). 2018 has been guestimated on the basis of the above mentioned CSIS article.

Nelson Hernandez https://twitter.com/energia21 describes the data confusion: “It is noteworthy that in 2008, seeing that the promised production (4 mb/d) was unattainable, they created the FPO Division (Faja Petrolifera del Orinoco), extending the geographic limits of the FPO and incorporating fields with crude oils other than the typical FPO (extra heavy) oil. In other words, the production of the FPO Division is a mixture of different crude gravities. For 2016, the division produced some 1,300 kb/d.”
https://www.lapatilla.com/2018/03/21/tras-cinco-planes-fallidos-la-produccion-en-la-faja-petrolifera-del-orinoco-declina/

All together now

World_conv-crude_plateau_2005-2018Fig 16: Conventional crude production plus unconventionals and other liquids

Summary:

In the last 4 years, conventional crude production was just 1 mb/d higher than in 2005. This was mainly an increase from Iraq (which was 2.7 mb/d).

Key data & graphs

  • Net oil importers
  • Oil Exports
  • Crude oil imports
  • Downloads
  • Latest Graphs
  • Oil price analysis
  • US drilling rig count
  • International drilling rig count
  • Australian fuel prices
  • Diary
  • International oil companies
  • US tight oil production
  • China peak oil
  • World liquids supply – demand balance
  • Tankers arriving and departing in Sydney
  • Australian oil and fuel imports

Latest posts

  • Australian fuel security update 7 Nov: Diesel cover falls by 20% to 31 days as forward fuel deliveries drop to lowest level since mid-August
  • Australian Energy Minister – Asked About Reports of Three Tankers Burning in Hormuz – Sees Only “General Uncertainty”
  • Jet fuel stocks just 2.6 days above the Minimum Stockholding Obligation as new Western Sydney Airport enthusiasm soars
  • Asia Pacific peak oil update 2025, consumption 5x higher than production
  • Australian jet fuel stock floating offshore while fuel prices are flying away
  • Australian Diesel imports in August dropped from high in May

Archives

©2026 Crude Oil Peak | Design: Newspaperly WordPress Theme