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Well intended. And you grew up where? South Central? Detroit? Dallas?
Toggle Commented Apr 18, 2010 on Grace Abounds. at Open Choke
1. Let's agree that there's nothing wrong with EIA statistical sampling. 2. Sales and acquisitions are not meaningful, except that it changes the number and statistical weight of operator data multiplied by EIA to estimate total production and reserves. They are not counting all operators or all barrels. 3. Texas production is declining. 4. New reservoir discoveries in 2007 and 2008 in old fields were apparently a big factor in revising reserves (19 new discoveries). You'd think there'd be some industry chatter about that. Big new onshore discoveries where? 5. EIA is using the PRMS proved definition. In some years, operators can book more proved "economically recoverable" reserves. It doesn't mean any of it can or will be produced. I think production tells the whole story. But if there's been a big upswing in field extensions and new discoveries, I confess I'm completely ignorant.
Toggle Commented Mar 8, 2010 on The Black Art of Oil Reserves... at Open Choke
Not to quibble, but please tell me where you got the data to build the Stacked Cumulative chart? Gracias.
Toggle Commented Mar 7, 2010 on The Black Art of Oil Reserves... at Open Choke
Found your climate change post, which was wonderful. Thank you. Great reading throughout.
Toggle Commented Feb 28, 2010 on Thoughtlets... at Open Choke
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Feb 28, 2010