Posts by: Enno Peters
Pennsylvania – update through April 2021
Natural gas production in Pennsylvania fell by 1% in April, to 20.3 Bcf/d (hz. wells only). Only 160 new horizontal wells were completed through April this year, versus 180 and 206 in the same period in 2020 & 2019, respectively.Eagle Ford – update through March 2021
Tight oil production in the Eagle Ford recovered in March by 200 thousand bo/d to almost 1.1 million bo/d, while natural gas output came in at over 5.5 Bcf/d (after upcoming revisions, horizontal wells only).Permian – update through March 2021
Tight oil production in the Permian rose by 800 thousand bo/d in March (horizontal wells only), more than compensating the fall in the preceding month due to the cold weather. At 3.9 million bo/d, output was the highest since April last year.North Dakota – update through April 2021
Oil production in North Dakota from horizontal wells rose by 1% in April, m-o-m, to 1.08 million bo/d. Natural gas production has hovered just below 3.0 Bcf/d since October. Only 177 horizontal wells began production in the first 4 months of this year, the lowest in over a decade.US – update through February 2021
US tight oil production fell by 1 million b/d to 6 million b/d in February, the lowest level in 3 years, as cold winter weather affected production in several states. This was just a blip, and based on preliminary data we expect production to have fully recovered in March.Haynesville – update through February 2021
After setting a new record in January, natural gas production in the Haynesville fell by about 10% in February (after revisions), to just over 10 Bcf/d. The region was impacted by a brief period of arctic temperatures. However, activity levels are high here, and in March or April probably a new production record was set.Pennsylvania – update through March 2021
Natural gas production in Pennsylvania was flat in March at 20.6 Bcf/d (hz. wells only, after revisions). Year over year growth was just over 1 Bcf/d. With only 126 new horizontal wells completed through March, completion activity is at a decade low.Eagle Ford – update through February 2021
Like its bigger cousin the Permian (see here), tight oil production in the Eagle Ford was badly affected by the winter freeze in February. Output fell by about 150 thousand bo/d, to below 900 thousand bo/d (hz. wells only), the lowest level in almost 8 years. Still, the downturn was short-lived and March production should be back up to above 1 million bo/d.Permian – update through February 2021
Tight oil production in the Permian fell by over 600 thousand bo/d in February, the largest single-month decline in its history. Operations were severely impacted by the coldest weather in 30 years. Production plunged to just above 3 million bo/d (hz. wells only), the lowest volume in 2.5 years. Based on preliminary production data, we expect that March output was back to the January level.North Dakota – update through March 2021
Oil production in North Dakota from horizontal wells grew by 2% m-o-m, to 1.07 million bo/d in March, after a 6% drop the month before, when several states were hit by harsh winter weather. Natural gas production was with 2.9 Bcf/d not far from the peak exactly one year earlier, at 3.1 Bcf/d.
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