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

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Presentation on theme: "Two Peak Production Case Histories: Texas and North Sea Crude Oil Production 1999 North Sea Peak 1972 Texas Peak."— Presentation transcript:

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

2 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.

3 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)


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