Posts by: Enno Peters
Permian – update through April 2019
With more revision data in, it is clear that a new record was set in March, at about 3.4 million bo/d. I expect that April production will eventually come in close to this level as well. Gas production is rising even more steeply, with over 11 Bcf/d produced in March (switch ‘product’ to gas to see this). Given that the gas/oil ratio rises over time for most of these wells, we expect that this trend will continue.
Pennsylvania – update through May 2019
Similar to last year, May production dipped m-o-m and came in at 18.1 Bcf/d, a y-o-y increase of 2.4 Bcf/d. Well performance has increased a lot over the years, as is visible in the ‘Well quality’ tab. The 594 horizontal wells that began production in 2010 needed 6 years before they recovered an average of 3 Bcf of natural gas. The 748 horizontal wells that came online in 2017 recovered as much in just 14 months.
North Dakota – update through May 2019
Oil production in North Dakota stayed flat in April m-o-m, at 1.39 million bo/d, just below the record high in January (1.4 million bo/d). Natural gas production continued the trend upwards and reached 2.9 Bcf/d. After the slow winter months, 106 wells came online in April, slightly more than a year earlier (95)
US – update through March 2019
Shale oil production in these states grew by 1.5 million bo/d last year to over 6.8 million bo/d, as is visible in the graph above. Although preliminary data has the first few months of 2019 down a little, I expect that March set another record, after revisions.
Eagle Ford – update through March 2019
March oil production came in at about 1.3 million bo/d, after upcoming revisions, 5% higher than a year earlier. Natural gas production is still hovering at a level close to 6 Bcf/d (switch ‘Product’ to ‘gas’).
Permian – update through March 2019
Oil production from horizontal wells in the Permian set another record in March, at over 3.2 million bo/d, even before upward revisions. As the blue areas indicate, in March more than 2/3rd of production came from wells that began production since 2018.Gas production also set a new record at close to 11 Bcf/d (switch “Product” to gas), although not all of it is wanted due to sometimes negative pricing.
Marcellus (PA) – update through April 2019
This interactive presentation contains the latest gas (and a little oil) production data, from all 8,915 horizontal wells in Pennsylvania that started producing from 2010 onward, through April. With March revisions in, it has become clear that another record was set, at 18.4 Bcf/d. April natural gas production was at a similar level. New wells recover on average more than 4 Bcf of gas in the first 2 years on production (‘Well quality’ tab). It took each of the ~1,300 horizontal wells, that began production in 2013, more than 5 years to reach that level.
Fayetteville (AR) – update through March 2019
While we were waiting for some revision data for Pennsylvania, we finished adding Arkansas to our ShaleProfile data platform, which this post is all about. Relative to the other states we cover, not much shale oil & gas is produced in Arkansas nowadays. However, it is home to the Fayetteville shale gas basin, which produced in its heyday close to 3 Bcf/d of natural gas. In March this year this was down to 1.3 Bcf/d.
North Dakota – update through April 2019
Oil production in North Dakota stayed flat in April m-o-m, at 1.39 million bo/d, just below the record high in January (1.4 million bo/d). Natural gas production continued the trend upwards and reached 2.9 Bcf/d. After the slow winter months, 106 wells came online in April, slightly more than a year earlier (95)
US – update through February 2019
These interactive presentations contain the latest oil & gas production data from 103,883 horizontal wells in 11 US states, through February 2019. A thousand horizontal wells were completed every month last year, on average. But now the frantic growth in oil production in the past 2 years appears to have stalled. Production in the first 2 months of this year was slightly down, although revisions will probably bring the level back up close to the record in December, at just over 6.7 million bo/d.
