The new EIA Drilling Productivity Report has just been published with their shale oil production and prediction numbers out through January 2014. I have discovered something very strange about their numbers. But first here is the Bakken data. I have shortened the time frame to just two years in order to better show what is happening. I have plotted what the EIA reported last month along with what they reported in this last report. The data is in barrels per day. There was extremely little revision in the data from the report last month. And now Eagle Ford Production in barrels per day. Eagle Ford was revised downward and like the data, the revisions were extremely linear. But the dead give away was when I plotted the percent change of from month to month. The last eight months show almost the exact rate of change, about 2.5 percent increase […]