Sign into your Analytics account Sign in
Posts by: Enno Peters
North Dakota – update through February 2021
Oil production in North Dakota from horizontal wells fell by 6% m-o-m, to 1.05 million bo/d in February, based on preliminary data. Only 1 well came online every day in the first 2 months, on average, while more than 2 are required to sustain the current output.- Apr 11, 2021
- 2 mins read
US – update through December 2020
US tight oil production fell below 7.0 million bo/d in December, the first time in the 2nd half of last year. Fewer than 7,500 horizontal wells were completed within this 12 states in 2020, significantly lower than the 13 thousand that came online in each of the previous two years. The y-o-y decline in output was therefore large in December, at around 1.5 million bo/d, as you’ll find in the graph above.- Apr 08, 2021
- 3 mins read
Pennsylvania – update through January 2021
Natural gas production in Pennsylvania set a fresh record in January, at 20.8 Bcf/d (hz. wells only), despite that only 39 new horizontal wells came online.- Mar 30, 2021
- 3 mins read
Eagle Ford – update through December 2020
Tight oil production in the Eagle Ford fell by 2-3% in December to about 1.05 million bo/d (after upcoming revisions). The ~1,030 wells that came online last year were only able to replace half of the 600 thousand bo/d base decline. In the previous 2 years, with more than 2,000 wells completed each year, output in the basin was still growing.- Mar 24, 2021
- 3 mins read
Permian – update through December 2020
Permian tight oil production was basically unchanged in December at close to 3.8 million bo/d (after upcoming revisions, hz. wells only). The ~3,700 horizontal wells that came online in 2020 replaced almost 1.7 million b/d of the underlying base decline of 2.0 million b/d for the year.- Mar 19, 2021
- 4 mins read
DJ-Niobrara – update through December 2020
Oil production in the DJ-Niobrara fell by almost 1/3rd from 579 thousand b/d to 390 thousand b/d in the 13 months from the peak in November 2019 through December last year. The wells in this area have high decline rates and in 2020 fewer than half the number of wells were completed (588) than in the years before. December production was the lowest level in over 3 years.- Mar 16, 2021
- 3 mins read
Haynesville – update through December 2020
Natural gas production came in close to 11 Bcf/d in December (after upcoming revisions), approaching the peak of May 2020, even though fewer wells were completed in 2020 compared with the 2 years before (~350 vs. 421 & 432 in 2019/2018).- Mar 11, 2021
- 3 mins read
North Dakota – update through January 2021
Oil production in North Dakota fell by 4% m-o-m, to 1.11 million bo/d in January, based on preliminary data. Just 25 new wells came online, the lowest number in at least 12 years, except for May last year when the number was 17. In the past 2 months, 12 rigs were drilling horizontal wells in the state, which in our estimation is about half of what would be needed to maintain current output.- Mar 08, 2021
- 3 mins read
US – update through November 2020
US tight oil production continued to hover at a level close to 7.0 million bo/d in November, for the 5th consecutive month. Natural gas did a little better, as it slightly rose to above 65 Bcf/d. which was only 3 Bcf/d below the record set in March.- Mar 02, 2021
- 4 mins read
Pennsylvania – update through December 2020
Pennsylvania has been setting natural gas output records every year for over a decade, and 2020 was no exception; a fresh record was recorded in December at 20.6 Bcf/d. This was done despite a decade-low in the number of well completions (561 in 2020, vs. 713 in 2019).- Feb 23, 2021
- 3 mins read
Latest Posts
North Dakota – update through February 2021
- April 11, 2021
- 2 mins read
US – update through December 2020
- April 8, 2021
- 3 mins read
Pennsylvania – update through January 2021
- March 30, 2021
- 3 mins read
Eagle Ford – update through December 2020
- March 24, 2021
- 3 mins read
Permian – update through December 2020
- March 19, 2021
- 4 mins read
DJ-Niobrara – update through December 2020
- March 16, 2021
- 3 mins read
Haynesville – update through December 2020
- March 11, 2021
- 3 mins read
North Dakota – update through January 2021
- March 8, 2021
- 3 mins read
Archives
Newsletter
Save time. Receive the latest from our blog in your inbox
Recent Comments