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Revising the Past – US Oil Production Data

By Steve Brown

30 January 2016 05:58

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As I have said before the US Energy Information Agency (the EIA) has a thankless task, compiling data from thousands of oilfields and operators to come up with an estimate of how much oil the USA actually produces. Some data is timely and accurate, Alaska is a case in point, some, not so much.

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Comments

Duck and Dive

30 January 2016, 12:13

Fascinating stuff. Where does COGIS sit in all of this? Don’t they publish actual production per well, albeit usually a couple of months delayed? Or have lots of oilers been requesting extended confidentiality from COGIS to hide the true picture for as long as possible?
Steve Brown

31 January 2016, 02:26

Duck & Dive – Not sure really – when I googled COGIS I found the Colorado Oil and Gas Information System, so I guess that is where EIA get data from Colorado from.

Everyone, This article is based on the EIA’s Monthly Energy Review which was released on 27th January and which states November 2015 production was 9,181,000 bbls/day. Oddly, the Petroleum & Other Liquids monthly data which was released on 29th January says November 2015 production was 9,318,000 bbls/day. Which one is the one the EIA intend us to use?