Posts by: Enno Peters
Permian – update through June 2021
Tight oil production in the Permian rose by about 1% in June to about 4.1 million b/d in June (after revisions, horizontal wells only). Natural gas production held flat at above 16 Bcf/d.North Dakota – update through July 2021
Oil production in North Dakota from horizontal wells fell m-o-m by 50 thousand bo/d in July (5%). Although 46 wells began producing in July, the same number as in June, their average initial performance was poorer than usual, which explains about half of the decline. Natural gas production fell as well, to 2.8 Bcf/d.US – update through May 2021
US tight oil production rose by 100 thousand b/d in May, to 7.2 million b/d (after upcoming revisions). This was almost a million b/d higher than a year earlier, when extremely low prices caused a significant part of production to be curtailed. But compared with the peak in November 2019, output fell by almost 1.5 million b/d. Natural gas production (excl. Ohio & West Virginia) grew slightly as well, to a fresh record at just above 70 Bcf/d.Pennsylvania – update through June 2021
Natural gas production in Pennsylvania was flat month over month in June, at 20.3 Bcf/d (hz. wells only). In the first 6 months of this year, 247 horizontal wells were completed, vs. 273 in the same period last year.Eagle Ford – update through May 2021
Tight oil production in the Eagle Ford was flat for the 2nd consecutive month in May, at 1.1 million b/d (after upcoming revisions); a loss of almost 0.7 million b/d since the peak in March 2015. Natural gas production, which has lost far less ground since the peak in October 2015, came in at 5.8 Bcf/d in May.Permian – update through May 2021
Tight oil production in the Permian was flat at 4.0 million bo/d in May for the 2nd consecutive month (after revisions, horizontal wells only). Natural gas production most likely set a fresh record at over 16 Bcf/d in May (toggle product to ‘gas’).North Dakota – update through June 2021
Oil production in North Dakota from horizontal wells came in at 1.09 million bo/d in June, unchanged from the month before. Natural gas production was also steady at 2.9 Bcf/d. In the first half of this year, 271 horizontal wells were completed, versus 396 in 2020 (and 575 in 2019).US – update through April 2021
US tight oil production was flat in April, month-over-month, at 7.1 million b/d (after upcoming revisions). Natural gas production (excl. Ohio & West Virginia) set a new record in April, at 70 Bcf/d.Haynesville – update through April 2021
Natural gas production in the Haynesville grew year-over-year by almost 0.8 Bcf/d in April (0.1 BCf/d m-o-m). In that month, 6.3 Bcf/d was produced by the just over 500 wells that were completed since the beginning of last year.Pennsylvania – update through May 2021
Natural gas production in Pennsylvania was flat month over month in May, at 20.2 Bcf/d (hz. wells only). Year over year growth was 1.4 Bcf/d, despite that last year only 560 wells were completed, the lowest in over a decade. How was that possible?
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