Two Peak Production Case Histories: Texas and North Sea Crude Oil Production 1999 North Sea Peak 1972 Texas Peak

Texas and North Sea Exponential Rates of Change (ROC) Relative to Their Production Peaks Texas North Sea Rate of Change (%/year) Texas production fell at 3.7%/ year from 1972 to 1982, resulting in 1982 production being 31% below the 1972 rate. North Sea production fell at 4.8%/year from 1999 to 2009, resulting in 2009 production being 38% below the 1999 rate.

Exponential Rate of Change in Production, Consumption and Net Oil Exports by Year, Relative to Final Production Peak, for “Export Land” Production rate of change (-5) Consumption rate of change (2.5)