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America's Top 100 Oil Fields
With everyone's attention in recent months falling squarely on the US oil industry, and specifically how much longer various shale companies will be able to keep operating now that Saudi Arabia is openly on a war path with US marginal producers, we thought it may be an opportune time to remind readers just where America's Top 100 oil fields are located based on the EIA's most recent report. A recap, if you will, of the domestic oil theater of war with America's "closest ally" in the middle east.
The top 100 oil fields accounted for 20.6 billion barrels of crude oil and lease condensate proved reserves, which was 56% of the U.S. total (36.5 billion barrels).
A map of all the major reserve locations around the continental US.
Next, a summary of the changes with America's top 100 fields since the last major ranking was conducted in 2009.
In 2009, the United States had 22.3 billion barrels of crude oil and lease condensate proved reserves, and its top 100 oil fields had 62.3% of that total, or 13.9 billion barrels of proved reserves. In 2013, the United States had 36.5 billion barrels of crude oil and lease condensate proved reserves, and its top 100 U.S. oil fields had 56.4% of that total, or 20.6 billion barrels of proved reserves (Table 1).
Prominent new additions to the top 10 are two fields from the Eagle Ford Shale Play in Texas, Eagleville and Briscoe Ranch. Eagleville, discovered in 2009, spans 14 counties in South Texas and is the country’s largest oil field as ranked by estimated proved reserves. Prudhoe Bay Field in Alaska (the largest U.S. oil field in 2009) declined in rank to third place, also behind the Spraberry Trend Area of Texas.
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Finally, here is the list of the top 100 fields, ranked by their proved reserves, and as estimated by the EIA.
Source: EIA
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the question remains why the rest of the world (x-US/Canada) only increased production 4% from '05 til '15 and did not take advantage of the 300%+ higher prices with higher production? Only region to significantly take advantage of the higher prices with higher production was the US/Canada, which increased by 60%+ (though noteworthy is that Russia's increase represented the rest of the global production increase)???
And now price has fallen 60%+ and producers want to ramp production? Peak collusion? Peak production? Peak stupidity? If shale made sense, why would corporations not transfer the technology to other regions to ramp production...they have had a decade to do so??? Seems anybody that had excess oil would ramped production and sold it at record high prices rather than dumping it on the market at lows??? Lot's of questions...no real good answers. ONLY TAKEAWAY - (SHOCKER) IF EXCESS PRODUCTION WAS WITHHELD AT HIGHS & PRODUCTION RAMPED AT LOWS...THAT ISN'T EXACTLY THE ACTION OF A CLASSIC SUPPLY/DEMAND DRIVEN "MARKET"!?!
http://econimica.blogspot.com/2015/04/why-would-corporations-nations-leave.html
There is a price of oil for those who drill and pump and there is a price on the stock exchange. The saudis dont get to sell oil for the $xxx price represented by the bullshit NYSE. What the saudis actually sell a barrel for and what the commodities exchange sells it for is the Jewish premium.
Think about diamonds. They come out of the ground for almost nothing, but a Jewish guy touches it in Amsterdam and it becomes a precious stone worth thousands. Why? Because we arent allowed to buy diamonds directly from the mines.
@adr, youre exactly right. Even when oil was $100 gulf coast refiners were only paying $75 delivered to their plant. The physical vs financial spread in oil is huge
Washington, D.C. still has by far the largest reserves of snake oil. New York City comes in second.
Pretty sure that's oil and GAS condensates, unless the Tylers have discovered a new kind of wet lease;)
No conspiracy. Just honoring long term contracts.
"the commodities exchange sells it for is the Jewish premium."
LUCIFERIAN premium... NOT 'Jewish Premium' ~ lol
HAMBONE.....LOL. Great article and good plug.
I would like to QUALIFY the so-called U.S. Proven Reserves. Reserves today with a low EROI (Energy Returned On Invested) are not the same as what we had in the good ole days (100/1) . Some nitwits believe we have 1 trillon barrels of oil shale resources in the west....LOL.
If the companies drilling and producing shale oil in Bakken & Eagle Ford at an EROI of 5/1 aren't making any money while increasing DEBT up to their eyeballs, why on earth would anyone touch the trillion barrels of Oil Shale in the West with an EROI less than 2/1???
The typical Shale oil or gas field normally peaks in 7 years. The Barnett started production in 2005 and peaked right before 2012. The Haynesville did the same thing. When did we start drilling the Bakken and Eagle Ford?? Oh, right about 2008. Looks like PEAK will soon be here for these two major U.S. shale oil plays regardless of reserves.
Lastly, when the world finally wakes up to the fact that PAPER ASSETS are nothing more than ENERGY IOUS, there will be a great SUCKING SOUND in all assorted paper garbage when peak oil finally arrives:
Mad Rush Out of Paper Assets Coming “The Data to Prove It!”http://srsroccoreport.com/mad-rush-out-of-paper-assets-coming-the-data-to-prove-it/mad-rush-out-of-paper-assets-coming-the-data-to-prove-it/
Steve...
Do you have any valid research on the claims of Gull Island in Alaska that's supposed to be one of the biggest untapped oil deposits in the world? I know Lindsey Williams wrote about it and still swears it's real to this day, but there sure is a lot of arguing about it back and forth.
http://www.reformation.org/energy-non-crisis.html
His book is free online...but do you know if this is true and if it is has it been kept untapped so that the rest of the world's oil could be used up first?
just curious...thanks man
Save_America1st,
I discuss this in a comment linked below in the article WHAT THE DEATH OF THE GREAT BAKKEN OIL FIELD WILL LOOK LIKE:
http://srsroccoreport.com/what-will-the-death-of-the-great-bakken-oil-field-look-like/what-will-the-death-of-the-great-bakken-oil-field-look-like/#comment-19542
Thanks man! Just read it. But if I might say...your reply regarding Pastor Williams' claim about Gull Island is again like what I mention in my question...people arguing back and forth. And so far both sides don't provide proof either way about the Gull Island claim.
It seems to be a pissing match of one theoretical claim against the other.
Hope we find out for sure one day.
Oh well...
(pun intended) ;-)
I think that, given the way American or multinational corporations operate, that if there were oil there, they would've already tapped it.
They exist to maximize profits. That's what they do and they do it without regard for the environment or any humans who work for them that they end up strip mining.
Lindsey Williams is a disinformation shill who caters to the Christian Right here in America, some of the most ignorant and superstitious people you will ever meet. They're like the cargo cults in the Pacific.
Primitive, ingorant and superstitious. When you analyze their belief systems (rapture, God gave us dominion, etc) it's as obvious as the nose on your face.
yup
they've known about the shale game for a long time
the shale game is proof we're in deep shit
not the other way around
Arthur Berman knows what he's talking about...
http://www.peakprosperity.com/podcast/91722/arthur-berman-why-todays-shale-era-retirement-party-oil-production
Why do you think there is a big push for offshore wind on the east coast? I can assure you that the players (cronies) are leveraging mineral rights and that I can guarantee. That also include many of the onshore wind projects as well. The 'folks' doing this read like a list of attendees at an Enron family renunion and I shit you not.
I'm making over $7k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true and has totally changed my life. This is what I do... www.globe-report.com
Oil is another pure manipulation. Based on on the worlds oil reserves and production, oil should be trading below $10 ...
Why are we not hearing about the U.S.A. adding to the strategic oil supply....Oh that's right,
they only do that while oil is over $100 per barrel. WTF.. It's tax payer's money they are
spending, not their own.
Tax it!
Oil is AWESOME!!! The cheapest/quickest way to transport people, food, equipment from place to place by many methods. Keep it pumping!
And get the EVIL PROFITEER out of oil. Big Government makes more PROFIT per gallon of gas than oil companies. All Big Government does with that PROFIT is make life hard on people.
The British have announced the discovery of a large oil field
http://money.cnn.com/2015/04/09/investing/uk-oil-discovery/
100 billion barrels with no description of the reservoir? Sounds exactly like very, very early announcements of the Bakken/Eagle Ford/other US "game changing" shale plays.
EDIT: I hate watching news videos, but I figured there might be a bit more detail there.. they do discuss the reservoir a bit in the video: 1100 square miles, 1500 feet thick, both sandstone and limestone. Volume = Area*thickness*porosity*(1-water saturation)*7758. Quick estimate for porosity -> porosity = 100000000000 barrels/(1100 square miles * 640 acres per square miles * 1500 feet * 0.5 fraction water * 7758 barrels per acre foot) = 2.4%. This is shale.
Jade Helm acquisition
A oil man that I know who has the knowledge and the positon to speak about such things told me this long tale a few months back.
It goes somethinglike this,, The ND bakken deposit is in fact a hugh underground mountion of shale floating in a sea of oil. Much like a iceberg floats in the ocean. The oil sea is considered to vast and deep. More oil in this sea than all the oil in the middle east, or ever found there. So I ask then why aren't they drilling into that and telling the world. Oil should be $10. or less a barrel. His answer is/was it is below crush depth of the drilling pipe. End of story, you say? Well now they may have a answer. If they can coat graphene on the pipes then problem solved. Graphene is 200 times strong than steal even in very thin sheets. This has just been figured out so in a few years, America will have enoght oil for couple hundred more year.
An old story regarding the Maine/Quebec/New Brunswick region is that a certain individual set up to start drilling for oil. He did this for a couple of years and after finding out about this, J.Paul Getty asked him to stop. He said no and kept drilling. Shortly thereafter, Getty made a deal he couldn't refuse and took the money to stop drilling.
I wish I could remember the mans name but that was years ago. Several people I knew then who had ties to the stock market in NYC also knew of this. They have since passed. Anyone out there who might have heard of this too or knew the mans name, please let me know. Thanks.
Could you be confusing the story with Onassis?
This doesn't look too far from Maine
http://www.unh.edu/news/news_releases/2003/march/ld_20030314greatbay.html
Interesting but no. This was back in the 70's. Thanks!
Unless your "oil man" is talking about oil in the Bakken deeper than 43,000', the drill pipe is plenty strong. Russians drilled to that depth quite some time ago, and were able to handle the pressure without a problem. The temperature, on the other hand, was so high, the rock was somewhat plastic and kept filling in the fresh hole.
A quick glance at drill pipe tables shows you can readily find drill pipe with collapse pressure greater than 30,000psi. Standard 3.5" V150 15.5 ppf is good for 33,549psi collapse/crush pressure, 645klb tension, and 42.2k ft-lb torque. Any gradient greater than 0.5 psi/ft is considered overpressured (0.433 psi/ft would be the pressure gradient of water), so if you ran into the hole with empty drill pipe for whatever reason (this never happens), you'd be good for 60,000 ft in most places. If there is fluid both inside the drill pipe and out, it is balanced, thus there would be no physical reason for collapse.
At depths >30,000', temperature is a much bigger issue than pressure.
Your "oil man" is full of BS.
It ain't the drillstem that's in the ground Starfish, it's what's not in the zone of equivalent pressure that's the problem.
I am in no way, shape or form an expert, but the pressures that far down must be ginormous.
Deepwater Horizon blew out at the seawater/rock interface at a depth of 5000 feet (of water)- where pressures are already enormous, no?
It did not collapse, it exploded. Apparently, external force is not the problem.
Am I missing something?
Oh, and I can see that the drillstem must resemble a capillary tube- the outside diameter must be many times greater than the inside diameter.
That the Russians know this, and you (and BP) apparently don't, speaks volumes.
You can thank me later.
Where did get your degree? Glad I didn't go there.
Nothing is stronger than 'steal'. So sayeth the Banks, the Federal Reserve and their proxies the US Government.
Steal is the strongest of their technologies. Without a doubt. It's their greatest invention.
All they need to do is print more oil. Problem solved
Abiotic. (maybe, but a strong maybe).
The shale companies are gone and they'll never be back!!!
/
Not showing some shale territories in the northeast.
I am always amazed by the majority of commenters regarding oil and oil markets........it brings to mind the Gell-Mann amnesia effect...look it up. The level of general ignorance (not stupidity, ignorance) about oil and gas matters is unbelieveably high. I spent 40 years as in the business, I have ocasionally posted experience and fact based responses, but truthfully, since there is no way most can go through what I have....it is hopeless. Ignorance reigns supreme, and on the back of strong opinions.
Looked it up, learnt something new today, thanks.
whether there is oil or not, we still live in a police state that is getting worse by the moment. People under 40 are so stupid and controlled my mainstream media, and dont mind living in a cardboard box as long as they have their iphone. Spraying chemicals from planes, GMO food, the California drought, etc.
I could do this all day long..The only people on this website concerned about oil, are the bastards that are trying to make money off if it. With dollars that will be worthless. Or those that will buy precious metals which will be outlawed so badly that you cant even barter with it..
I swear on my life...unless you have some property outside the city, water, and plenty of protection, and most importantly you are right with Jesus Christ, you are all stupid arse dumbcraps..period.
Get real. Jesus is the only answer.
You had me until your last sentence but I upvoted you nonetheless.
Jesus is YOUR answer, not mine. And I would add that old people are more brainwashed. They stare at their TVs, they believe the government would never do anything to hurt Americans, and they profit from the excess of the earlier era as well as receive their 'fair share' of entitlements and continue to vote for MOAR of our money.
Ever been the The Villages, FL? It's a microcosm of what's wrong with America.
You have to see it to believe it.
Please dont do that all day long, reserve some for the pulpit. Your calling is to belittle, insult and shame, in the name of your god. You need a megaphone and street corner.
Take a look at the graph of the daily flow rates, Notice their Discovery Date.
The geologists that worked for Shell, Exxon(Esso), Arco(TheAtlanticRichfield) knew where the oil was and wasn't by the 1940's and 1950's.
Oh, how many million per day fields did you see?
None.