Gulf Oil Production by Water Depth

Useful, simple graphic showing twenty years of trends in Gulf of Mexico oil production by water depth. In the figure, shallow is 0-999 ft, deepwater is 1,000-4,999 ft, and ultra-deepwater is anything over 5,000 ft. As I’ve been arguing, part of what we’re seeing here is the inevitable "normal accidents" from changing technology as we transition from one extraction depth regime to another.


This next figure, almost from the EIA, shows rig locations and water depths in the Gulf: