North Dakota Peak Oil Production and Decline

We read in the news recently that North Dakota monthly oil production had peaked.  I reviewed the situation it to see how significant the peak was. The plot and data below show illustrate that North Dakota daily crude production is on a significant decline (which really began in November), the de...

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Watch Five Years of Oil Drilling Collapse in Seconds

By Thomas Hohn / February 26, 2016 / Oil Property Economics / No Comments

Watch Five Years of Oil Drilling Collapse in Seconds A Bloomberg article with an animation of rig count, domestic production and crude price vs time.  It is great illustration of the shale boom and bust. “The crash in oil prices has taken its toll. The number of active oil-drilling rigs in ...

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Haiff – congressional testimony on the state of the oil industry

The link below affords an excellent overview of the domestic and international factors that effect the economic outlook for the industry.   It is a note of optimism in a rather bleak time. Antoine Halff,  Senior Research Scholar and Director of the Global Oil Market Program, Center on Global Ener...

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Oil and Gas Price Rally in Store?

By Thomas Hohn / December 24, 2015 / Oil Property Economics / No Comments

Many of the market prognosticators are predicting rallies in the prices of both Natural Gas and Crude Oil. There are several articles concerning improved price expectations linked on the following price chart page: www.barchart.com  (see price charts below). They have a myriad of reasons for the ...

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The Bakken Light Tight Oil Predicament

By Thomas Hohn / December 10, 2015 / Oil Property Economics / No Comments

The Bakken Light Tight Oil Predicament This article in OilPro.com is a very good compilation of data and analysis of the Bakken Play in today’s economic environment. The analysis agrees with our assessment of the Bakken. Based on our data, I feel he may be conservative on the operating cost...

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