David Archibald has recently revised his peak date for shale oil. The below was contained in a recent post I received from him: Ron, For what it is worth, just to let you know that I have recanted on my estimate of US LTO production. This is from reading the presentations put out in September by the US independents. I started with the EOG presentation and then worked through the others that EOG referred to. If Hubbert-type analysis works for LTO, it may be too early to apply it. The rig count for the Bakken etc may be down to flat but the fraccing units are pumping a lot more sand and the economics of fraccing have improved a lot over the last two years. That in turn means that the resource is larger at a given IRR cutoff. This is currently my best guess of the three major […]