Subscribe to

Oil and Gas Investor,

its easy as 1 - 2 -3

First Name
Last Name
Address
City
State/Prov Zip/Postal
E-mail
Editors Comment
February 12, 2008
CERA: Global 4.5% Decline Rate Means No Near-Term Peak

Email Print

 

The aggregate global decline rate of world oil production is 4.5%, rather than the 8% cited in other studies, according to energy-research and -consulting firm Cambridge Energy Research Associates. Using information-services firm IHS Inc.’s data, CERA studied the production characteristics of 811 oil fields, and reports no evidence of a near-term peak, or precipitous fall, on the horizon for world crude oil production.

 

-- Jeannie Stell

Join the Discussion
PREVIOUS ARTICLES

February 6, 2008:
Rockies Express to Have Minimal Impact on Upstream Stocks

Although highly touted, Rockies Express (Rex)—the new pipeline that will carry 1.5 billion cubic feet per day of gas from the Rockies to the Midcontinent and by mid-2009 to markets ...more

February 5, 2008:
Energy Stocks Finish 2007 up 17.1%; Consolidation Ahead

Make it six. “Energy investors worldwide reveled in a sixth straight year of prosperity (in 2007) and, while the larger stocks continued to post better returns than the smaller companies, ...more

February 1, 2008:
Producers Expect to Spend 3.5% More in 2008 on Capex

U.S. producers will increase their domestic spending from $78 billion in 2007 to $81 billion in 2008 (up 3.5%), according New York-based Lehman Brothers’ annual spending survey. Most of the ...more

January 31, 2008:
Former Bolivian President Warms of Shift to the Left

Bolivia is a country that is experiencing an unprecedented good economy while at the same time fending off foreign interests that could railroad the progress being made, according to former ...more

January 30, 2008:
Why Have Oil Prices Surged Since September?

Competition for upstream MLP assets is destined to alter the buying model for those assets as more MLPs go public, according to Claire Farley, co-president of M&A advisor Jefferies Randall ...more

January 29, 2008:
Canadian Oil Sands: Last Big Play in a Stable Nation

Canada’s oil sands represent the “last big oil play in a politically stable nation,” and offer a “tremendous opportunity to boost reserve profiles” in North America, says Barry Munro, managing ...more

January 28, 2008:
Despite Earnings Gains, S&P Still Underweights Energy-Sector Stocks

Remarkably, the S&P 500 is still underweighting energy stocks despite that sector’s earnings gains and contribution to the index. However, that’s likely to change within the next decade, according to ...more

January 25, 2008:
Mexico's Oil Output Has Peaked, Under Current Limitations

Remarkably, the S&P 500 is still underweighting energy stocks despite that sector’s earnings gains and contribution to the index. However, that’s likely to change within the next decade, according to ...more