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Oil, Gas, And Fracking News Reads: 06February 2021


The natural gas storage report from the EIA for the week ending January 29th indicated that the amount of natural gas held in underground storage in the US fell by 192 billion cubic feet to 2,689 billion cubic feet by the end of the week, which left our gas supplies 41 billion cubic feet, or 1.5% higher than the 2,648 billion cubic feet that were in storage on January 29th of last year, and 198 billion cubic feet, or 7.9% above the five-year average of 2,491 billion cubic feet of natural gas that have been in storage as of the 29th of January in recent years..the 192 billion cubic feet that were drawn out of US natural gas storage this week was a bit less than the average forecast of a 195 billion cubic foot withdrawal from an S&P Global Platts survey of analysts, but more than the 155 billion cubic foot withdrawal from natural gas storage seen during the corresponding week of a year earlier, and also more than the average withdrawal of 146 billion cubic feet of natural gas that h ....

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Wolfcamp! Here's The Hubbert Curve! Pt. 3 : Peak Oil Discussion - Page 12 - Peak Oil News and Message Boards


mustang19 wrote:
They are all tight fields I cited the porosity.
You are literally making up facrs and using wrong data, there are no more games or wiggling out of this. You completely, categorically failed.
Yes I agree they are tight fields, but per usual you lack the ability to read and learn.
The EIA gives these tight oil estimates by play that are considered the official estimates, those are the ones based on actual output data. The DPR is a model estimate and is not very good as it does not take account of frac fleets operating or DUC wells, only rigs and output estimates for the counties that encompass the entire tight oil region in question. ....