Posts by: Enno Peters
Permian – update through April 2021
Tight oil production in the Permian was flat at 4.0 million bo/d in April (after revisions, horizontal wells only). About half of it was produced by wells that were completed since early last year, as is visualized by the light & dark blue areas in the chart above. Natural gas production, at over 15 Bcf/d, was close to record levels.North Dakota – update through May 2021
Oil production in North Dakota from horizontal wells rose by less than 1% in May, m-o-m, to 1.09 million bo/d. Natural gas production increased to 2.94 Bcf/d. Only 44 wells were completed in May, but the inactive well count fell by over 100 to just below 1,500.US – update through March 2021
March US tight oil production more than made up for the 1 million b/d loss in February, and at 7.1 million b/d was slightly higher than the January level. Natural gas production (excl. West Virginia) also recovered by 6 Bcf/d, and was at 73.6 Bcf/d just 3% below the historical peak in November 2019 (76.1 Bcf/d).Haynesville – update through March 2021
Natural gas production in the Haynesville grew by almost 1.5 Bcf/d in March, more than recovering from the severe drop in the previous month. A fresh record was set at 11.5 Bcf/d, as we predicted in the previous post on this basin. Well productivity is at record levels (see “Well quality”).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.
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