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Lightstream Resources Ltd. LSTMF

"Lightstream Resources Ltd is engaged in the exploration and development of oil and natural gas in Western Canada. Its operating areas include Southeastern Saskatchewan, Central Alberta, and North-Central Alberta."


GREY:LSTMF - Post by User

Bullboard Posts
Post by Roughrider27on Aug 05, 2015 9:44am
120 Views
Post# 23990133

Article worth read

Article worth read
By Ron Patterson
Posted on Tue, 04 August 2015 20:41 |1

(Click to enlarge)

The Monthly Energy Review and the Petroleum Supply Monthly have US production peaking, so far, in March and April. The Petroleum Supply Weekly has US production peaking in June. In the chart above I have averaged the Petroleum Supply Weekly into monthly data. All data is in thousand barrels per day.

Related: EIA Capitulates Under Cover Of Darkness

(Click to enlarge)

Here we have the weekly data from the Petroleum Supply Weekly. The last data point is July 24th. The huge jumps you see are basically just revisions. The huge jump you see for the week of May 22nd, was not really a jump. The EIA explained that their prior numbers were too low and the sudden increase that week was merely an adjustment.

Related: Don't Expect An Oil Price Rebound This Side Of 2017

(Click to enlarge)

The EIA is finally getting its act together as to Texas C+C production. They have Texas peaking in March at 3,770,000 bpd and declining 106,000 bpd since then.

Related: US Shale: How Smoke And Mirrors Could Cost Investors Millions

The EIA had the Gulf of Mexico spiking up in April but falling right back in May. The BSEE data, like Texas, is always delayed but only by about four months.

The EIA admits that they show different data but tries to explain it here:

EIA reports show different aspects of U.S. oil production statistics and trends


Bullboard Posts