Posts by: Enno Peters
US – update through October 2018
Oklahoma shale oil horizontal wells produced 6.2 million barrels of oil per day in October, which after revisions will be a few percents higher still. More than half of total oil production came from wells that started in 2018, as indicated by the dark blue area.Permian – update through October 2018
Oil production in the Permian kept rising at a rate of ~1 million bo/d y-o-y through October. I expect that after revisions total output topped 3 million bo/d. That also means that almost 60% of October oil production came from wells that started in 2018, as is visualized in the graph above.Eagle Ford – update through October 2018
Oil production increased slightly in the Eagle Ford in 2018, as operators completed ~10% more wells than in 2017, based on preliminary data. Once revision data is in, I expect that October production will be close to 1.3 million bo/d. Gas production from these wells is good for almost 6 Bcf/d (toggle ‘Product’ to gas to see this).Niobrara (CO & WY) – update through October 2018
These interactive presentations contain the latest oil & gas production data, from all 9,508 horizontal wells that started production in Colorado and Wyoming since 2009/2010, through October. Oil production in these 2 states set a new high in October, at just over 550 thousand bo/d. Gas production also came in at a record level, at close to 3 Bcf/d.Marcellus (PA) – update through November 2018
November gas production showed another big gain, as more than 0.3 Bcf/d was added. Total gas production for the month was 18 Bcf/d. Output grew by 16% y-o-y. The 759 wells that started production in 2018 contributed 6.5 Bcf/d to the November numbers, or 36%.North Dakota – update through November 2018
Oil production in North Dakota dropped 1% m-o-m to 1,376 kbo/d in November, after a record output in October. The main factor behind this drop appears to be the smaller number of wells that went into production in October (119) and November (108), after a busy summer (~140 completions per month).US – update through September 2018
Us shale oil production from these horizontal wells should come in well above 6 million bo/d for September. The ~8,000 wells that started in the first 9 months of 2018 will then already have contributed ~3 million bo/d in September.Permian – update through September 2018
The graph above shows clearly the astonishing rise in oil production in the Permian in the past 2 years, as oil production from horizontal wells more than doubled to over 2.8 million bo/d in September (which will be visible after upcoming revisions). More than 1.5 million bo/d in September came from ~3,200 horizontal wells that started in 2018.Eagle Ford – update through September 2018
Although from the above graph it appears that oil production in the Eagle Ford has moved sideways in 2018, due to the typical reporting lag in Texas, I expect to see that after revisions production from horizontal wells will come in at 1.3 – 1.4 million bo/d in September. That would be highest level in the past 2.5 years, but still well below the 2015 peak.Marcellus (PA) – update through October 2018
New production records have been set in the 2nd half of every year since 2010, and 2018 was no different. Gas production in October from horizontal wells came in at 17.6 Bcf/d, about 20% higher than October 2017 (14.1 Bcf/d). The 687 wells that started production in the first 10 months of 2018 already contributed more than 1/3rd of total gas production in October (6 Bcf/d).
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