Sunday, July 31, 2011

Colombia's Oil Production at Highest Level since 1999

EIA, Today in Energy, Jul 14, 2011

                                  [Bar –°hart: Colombia's Oil Production*]
*Total oil supply, which includes the production of crude oil (including lease condensates), natural gas plant liquids, and other liquids, and refinery processing gain. -- D.R. 
Source: U.S. Energy Information Administration, Short-Term Energy Outlook. Download CSV Data

Colombia's oil production set a new record in May 2011, reaching an average output of 927 thousand barrels per day (bbl/d) [Colombia achieved a record-high crude oil output of 927,000 bbl/d in May 2011, up from 903,000 bbl/d in April 2011, Colombia's Energy and Mines Minister, Carlos Rodado Noriega, said. Crude oil production in Colombia in May 2011 reached 923,000 bbl/d compared with 902,000 bbl/d in April 2011 and 776,000 bbl/d in the year-ago month, i.e. May 2010, according to preliminary statistics from the Colombian hydrocarbons regulator ANH. -- D.R.]. Average annual production increased by more than 30% [sic] between 2005 and 2010. EIA expects Colombia's production to continue growing in the near future. The June 2011 Short-Term Energy Outlook projects average annual production to increase from 800 thousand bbl/d in 2010 to 910 thousand bbl/d in 2011 and 980 thousand bbl/d in 2012.

Two factors primarily contributed to Colombia's expanded production:

  • Improved Security: Colombia reported only 31 attacks against pipelines in 2010 compared with hundreds of such incidents that occurred per year in the early 2000s.
  • Regulatory Changes: Since 1999, the Colombian government has sought to improve the investment climate. Foreign direct investment has improved due to longer exploration licenses, lower royalty rates, and expanded opportunities for private companies to operate oil ventures.
In 2010, Colombia exported 504 thousand bbl/d of its oil production, with 365 thousand bbl/d [of crude oil and petroleum products. Also, please see my post "U.S. Crude Oil Imports from Top 15 Countries, Dec 2010 and Full Year 2010 -- EIA." -- D.R.] going to the United States [The U.S. is the largest destination for Colombia's oil exports. China was Colombia's second-largest oil export destination in 2010, followed by Japan. -- D.R.]. Imports from Colombia helped offset declines in U.S. imports from Mexico and Venezuela. EIA's recently released Country Analysis Brief for Colombia features additional analysis on these trends, along with a broad discussion of Colombia's energy sector. [Full story]

(In 2010, Colombia's crude oil production, including lease condensate, also was at its highest level since 1999. In 2010, it averaged 785,526 barrels per day. Also, please see Aaron and David Rachovich, "Top 6 Oil Producers in Central & South America, 2006-Feb. 2011 -- EIA." -- D.R.)

Wednesday, July 13, 2011

In Memory of my Dad

My beloved Dad, Aaron-Israel Rachowitz, may He rest in peace, passed away at 8:20 p.m. Monday, July 11, 2011.
Full-size memorial candle

Please see a Memorial Website in honor of my Dad

Wednesday, July 6, 2011

United States: Top 8 Crude Oil Producing States, 2006-Feb.2011

by Aaron and David Rachovich


Production of Crude Oil (Thousand Barrels Per Day), 2006-Feb.2011  



Rank
State
Feb 2011
Jan 2011
Full Year 2010
Full Year 2009
Full Year 2008
Full Year 2007
Full Year 2006
1.
Texas
1,224
1,250
1,141
1,106
1,087
1,087
1,088
2.
Alaska
611
464
599
645
683
722
741
3.
California
555
550
558
567
586
594
612
4.
North Dakota
360
341
307
218
172
123
109
5.
Oklahoma
188
197
186
184
175
167
172
6.
Louisiana
187
185
182
189
199
210
202
7.
New Mexico
178
185
171
168
162
161
164
8.
Wyoming
143
146
142
141
145
148
145
Top 8 States
3,446
3,318
3,286
3,218
3,209
3,212
3,233
U.S. Total
5,612
5,483
5,512
5,361
4,950
5,064
5,102

Source: U.S. Energy Information Administration (EIA), June 29, 2011, here and here.


(In 2010, almost 60% of U.S. crude oil production came from eight States: Texas - 20.7%; Alaska - 10.9%; California - 10.1%; North Dakota - 5.6%; Oklahoma - 3.4%; Louisiana - 3.3%; New Mexico - 3.1%; and Wyoming - 2.6%. About 30% of U.S. crude oil was produced from wells located offshore in federally administered waters of the Gulf of Mexico. Update: please see my post "Five States Accounted for about 56% of Total U.S. Crude Oil Production in 2011." Update 2: North Dakota passed Alaska in March 2012 to become the second-leading state in crude oil production, trailing only Texas---please see my post "North Dakota Tops Alaska in Oil Production, Trailing Only Texas." Also, please see our post "U.S. Crude Oil Production, 1970-2010." -- D.R.)

Monday, July 4, 2011

Happy Birthday America

Happy 4th of July to all my American readers! And God bless the United States of America.

Saturday, July 2, 2011

Top 28 Largest Refineries in the U.S. as of Jan 1, 2011 -- EIA

by Aaron and David Rachovich


U.S. Refineries* Operable Capacity 



Rank
 Jan 1, 2011
Corporation
Company
State
Site
Barrels per Calendar Day (b/cd)
1.
Exxon Mobil
ExxonMobil Refining & Supply
Texas
Baytown
560,640
2.
Exxon Mobil
ExxonMobil Refining & Supply
Louisiana
Baton Rouge
502,000
3.
Hovensa LLC (50% Hess, 50% PDVSA)
Hovensa LLC
Virgin Islands (territory of the U.S.)
Kingshill
500,000
4.
Marathon Oil
Marathon Petroleum
Louisiana
Garyville
464,000
5.
PDV America Inc
Citgo Petroleum
Louisiana
Lake Charles
427,800
6.
BP PLC
BP Products North America
Texas
Texas City
406,570
7.
BP PLC
BP Products North America
Indiana
Whiting
405,000
8.
WRB Refining LLC (50% ConocoPhillips, 50% Cenovus)
WRB Refining
Illinois
Wood River
362,000
9.
Exxon Mobil
ExxonMobil Refining & Supply
Texas
Beaumont
344,500
10.
Sunoco Inc
Sunoco Inc (R&M)
Pennsylvania
Philadelphia
335,000
11.
Chevron
Chevron USA Inc
Mississippi
Pascagoula
330,000
12.
Deer Park Refining LTD Ptnrshp (50% Royal Dutch/Shell, 50% Pemex)
Deer Park Refining
Texas
Deer Park
327,000
13.
Valero Energy
Premcor Refining Group
Texas
Port Arthur
292,000
14.
Koch Industries
Flint Hills Resources
Texas
Corpus Christi
290,078
15.
Motiva Enterprises LLC (50% Royal Dutch/Shell, 50% Saudi Aramco)
Motiva Enterprises LLC
Texas
Port Arthur
285,000
16.
Access Industries
Houston Refining LP
Texas
Houston
280,390
17.
Chevron
Chevron USA Inc
California
El Segundo
273,000
18.
Koch Industries
Flint Hills Resources
Minnesota
Saint Paul
262,000
19.
BP PLC
BP West Coast Products
California
Los Angeles
253,000
20.
ConocoPhillips
ConocoPhillips Co
Louisiana
Belle Chasse
247,000
21.
ConocoPhillips
ConocoPhillips Co
Texas
Sweeny
247,000
22.
Chevron
Chevron USA Inc
California
Richmond
245,271
23.
ConocoPhillips
ConocoPhillips Co
Louisiana
Westlake
239,400
24.
Exxon Mobil
ExxonMobil Refining & Supply
Illinois
Joliet
238,600
25.
ConocoPhillips
ConocoPhillips Co
New Jersey
Linden
238,000
26.
Motiva Enterprises LLC (50% Royal Dutch/Shell, 50% Saudi Aramco)
Motiva Enterprises LLC
Louisiana
Convent
235,000
27.
Motiva Enterprises LLC (50% Royal Dutch/Shell, 50% Saudi Aramco)
Motiva Enterprises LLC
Louisiana
Norco
233,500
28.
Total SA
Total Petrochemicals Inc
Texas
Port Arthur
232,000



*Only refineries with atmospheric crude oil distillation capacity.

Source: U.S. Energy Information Administration/EIA, Ranking of U.S. Refineries, Updated/Reviewed June 2011.
(ExxonMobil's Baytown Refinery is the largest oil refinery in the United States. Also, the Baytown area which is home to several of ExxonMobil's integrated sites---including the Baytown Refinery, Baytown Chemical Plant, Baytown Olefins Plant, Mont Belvieu Plastics Plant, Americas Area Engineering Office and Baytown Technology & Engineering Complex---is the largest petroleum & petrochemical complex in the United States. Texas is home to 26 refineries, with a total capacity of 4.72 million barrels per day. Louisiana is home to 19 refineries, with a total capacity of 3.22 million barrels per day. And California is home to 20 refineries, with a total capacity of 1.96 million barrels per day. Nearly half---49%---of U.S. refinery distillation capacity is located in the Gulf Coast region, i.e., PAD district 3 comprising Alabama, Arkansas, Louisiana, Mississippi, New Mexico and Texas. January 2011 U.S. refining capacity of 17.7 million barrels per day, excluding the Virgin Islands, reached the highest level recorded since 1982---please see EIA, Today in Energy, Jun 29, 2011, here. Also, please see "Top 20 Largest Refining Companies/Refiners in the U.S. as of Jan 1, 2011;" "World's Top 25 Largest Refining Companies, Jan 1, 2011 -- OGJ;" "Top 10 Largest Refining Companies in Asia, the USA and Western Europe -- OGJ;" and "World's Top 21 Largest Oil Refineries -- OGJ." Update 1:  Royal Dutch Shell Plc and Saudi Aramco became co-owners of the largest U.S. refinery on Thursday when a new crude distillation unit at their joint-venture Motiva Enterprises Port Arthur, Texas, plant [ranked 15th as of Jan 1, 2011, above -- D.R.] received oil for the first time, said Shell's Chief Financial Officer. The 325,000 barrel-per-day (bpd) atmospheric crude distillation unit that started processing on Thursday combines with existing crude units to give Motiva's Port Arthur, Texas, refinery a total crude oil refining capacity of 600,000 bpd, said Shell Chief Financial Officer Simon Henry during the company's first quarter earnings call. […] With the startup of the new Port Arthur crude unit, Exxon Mobil Corp's 560,640 bpd Baytown, Texas, refinery becomes the nation's second-largest refinery---please see "Motiva Port Arthur refinery becomes U.S. largest - Shell," Reuters, Apr 26, 2012. Update 2: But by far the biggest refining story in North America in 2012 centered on the massive expansion at Motiva Enterprise LLC's Port Arthur, Tex., refinery. The 325,000 bpd, $10 billion expansion, largest at a US refinery in nearly 40 years and designed for feedstock flexibility, was dedicated on May 31, raising capacity to 600,000 bpd and making it the largest US refinery. On June 9, 2012, however, the new crude distillation unit sprung leaks traced to massive corrosion; a fire ensued and the expansion was shut down. Motiva has since traced the problem to faulty design. The unit will not restart before the end of first-quarter 2013, if then---please see Warren R. True and Leena Koottungal, "Asia, Middle East lead modest recovery in global refining," OGJ, Dec 3, 2012 -- D.R.)