Posts by: Enno Peters
US – update through January 2021
US tight oil production fell by less than 1% in January m-o-m, to 6.9 million b/d (after upcoming revisions, hz. wells only). Tight gas output continued its upward trend since last May, although it is still below the March 2020 high (toggle Product to gas to see this).Pennsylvania – update through February 2021
Natural gas production in Pennsylvania was flat in February (after upcoming revisions), at about 20.8 Bcf/d (hz. wells only), after setting a record in January. In the first 2 months of the year, only 84 horizontal wells began producing.Haynesville – update through January 2021
Natural gas production set a new record in the Haynesville in January, at about 11.5 Bcf/d (after upcoming revisions).Eagle Ford – update through January 2021
Tight oil production in the Eagle Ford was flat m-o-m in January, at about 1.05 million bo/d (after upcoming revisions). Compared with a year earlier, output was down by 300 thousand barrels of oil.Permian – update through January 2021
Since June last year, Permian tight oil production has hovered at a level close to 3.8 million bo/d (after upcoming revisions, hz. wells only). Natural gas production is at record heights (>15 Bcf/d). In the next update on this basin, we should learn exactly how much output was impacted by the harsh weather in February.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.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.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.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.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.
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