Aug Oil 28,248,511 barrels = 911,242 barrels/day (preliminary)(NEW all-time high)
Aug Gas 31,009,441 MCF = 1,000,305 MCF/day (preliminary)(NEW all-time high)
There will be no oil statistics from the EIA (US DOE Energy Info Administration until the shutdown is over)
Texas preliminary July 2013 crude oil production averaged 1,685,786 barrels daily, up from the 1,300,694 barrels daily average of July 2012.
The preliminary Texas crude oil production figure for July 2013 is 52,259,355 barrels, up from 40,321,511 barrels reported during July 2012.
In August, 2013 one reports indicates Texas crude oil production reached an estimated 71.1 million barrels (I believe including natural gas liquids), a 16.7 percent increase over the total for the same month one year ago.
Texas had record oil well activity in August 2013, but the oil production results for August will not be released for two more weeks.
Race the Red Queen Prediction of North Dakota Oil
Rune Likvern posted several articles on theOildrum which indicated that annual Bakken North Dakota oil production would not get past 600,000-700,000 bpd on an annual basis. He made this projection back in 2012 and is clearly being proven to have been wrong.
In 2013, Rune modified the projection and clearly North Dakota’s Bakken oil production is tracking toward the higher 1800 wells added per year line. Look at the dotted green line that is heading towards 1 million bpd in 2015.
Some of the more prominent references to the Race the Red Queen theory of Bakken Oil
Slate had an article which stated US shale oil abundance would not happen. They used the Race the Red Queen as part of the argument. At the time US crude oil production was about 6 million barrels per day and now it is 7.75 million barrels per day.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
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