Posts by: Enno Peters
Pennsylvania – update through November 2019
October gas production came in at 18.7 Bcf/d, slightly higher than in the previous month, and again setting a new all-time high. But the horizontal rig count is down by almost 60% since the start of the year and production growth is stalling.
North Dakota – update through November 2019
North Dakota produced almost 1.5 million bo/d in October (horizontal wells only), a m-o-m increase of 5%. Bad weather in the previous month clearly had an impact on operations. It is one of the few states that almost has not seen a drop in rig activity since the start of the year (from 52 to 50 last week). Gas output was a record as well, at 3 Bcf/d (Toggle product to “Gas”).
US – update through September 2019
Even preliminary production data has September oil production in all these states at a new record, at over 7.3 million bo/d. After upcoming revisions, I expect it to finally come in at around 7.5 million bo/d.
Eagle Ford – update through September 2019
Oil production in the basin has hovered around 1.3 million bo/d since the start of this year. Through August, just over 5 wells have been completed every day, on average, which has countered the natural decline in legacy wells.
Permian – update through September 2019
The Texas RRC published production data early this month, and now most wells in the Permian are already reported through October in our subscription services. September oil production set another record, at around 3.8 million bo/d (after upcoming revisions). Natural gas production rose even faster in the past 2 years, to over 13 Bcf/d (switch “Product” to gas to see this).
Pennsylvania – update through October 2019
October gas production came in at 18.7 Bcf/d, slightly higher than in the previous month, and again setting a new all-time high. But the horizontal rig count is down by almost 60% since the start of the year and production growth is stalling.
North Dakota – update through October 2019
North Dakota produced almost 1.5 million bo/d in October (horizontal wells only), a m-o-m increase of 5%. Bad weather in the previous month clearly had an impact on operations. It is one of the few states that almost has not seen a drop in rig activity since the start of the year (from 52 to 50 last week). Gas output was a record as well, at 3 Bcf/d (Toggle product to “Gas”).
US – update through August 2019
Although the horizontal rig count has fallen by 26% since the start of this year (from 941 to 695 last week), oil output in August from horizontal wells still climbed to over 7.1 million bo/d. In the graph above you can find that the contribution from wells that began production since 2018 was just over 2/3rd of the total in August.
Eagle Ford – update through August 2019
Oil production in the basin has hovered around 1.3 million bo/d since the start of this year. Through August, just over 5 wells have been completed every day, on average, which has countered the natural decline in legacy wells.
Permian – update through August 2019
Preliminary data from the state agencies already has August production at a record high (see chart above). After revisions, especially for New Mexico, I expect that August production will be revised upward to about 3.7-3.8 million bo/d.
