Posts by: Enno Peters
Eagle Ford – update through September 2020
Tight oil production in the Eagle Ford held up at 1.1 million bo/d in September (after upcoming revisions). As is visible in the chart above, output from the ~2,800 wells that began production in the last 2 years contributed to 50% of total output in September.Permian – update through September 2020
Permian tight oil production held steady for the 3rd consecutive month in September, at close to 3.8 million bo/d (after upcoming revisions). This represents a drop in oil output of about 10% since March, which is just half of what the all the other tight basins lost combined (~20%). At 3.2 million bo/d, they produce well below the level in this basin.North Dakota – update through October 2020
Oil production in North Dakota fell by 1% in October to just below 1.2 million bo/d, despite that more than 100 temporarily shut-in wells were brought back online. The main reason for the drop was that between May and October only 1 well was completed every day, on average, far below the level required to maintain current output (~3 wells/day).US – update through August 2020
US tight oil production made another small gain in August to almost 7.0 million bo/d (after upcoming revisions), as another 1,500 horizontal wells were returned to production. Tight gas output was flat m-o-m at 63 Bcf/d (excl. Ohio and West Virginia), down by 5 Bcf/d from the March level (68 Bcd/d).Pennsylvania – update through September 2020
Natural gas production came in at about 19.5 Bcf/d in August (after upcoming revisions), almost touching the high in November last year. Only 382 horizontal wells were brought online this year through August, the lowest number in a decade.Eagle Ford – update through August 2020
Tight oil production in the Eagle Ford made a small additional recovery in August, to about 1.1 million bo/d. This was still almost 20% lower than at the start of the year when output was close to 1.4 million bo/d.Permian – update through August 2020
Tight oil production in the Permian was roughly flat in August, at close to 3.8 million bo/d (after upcoming revisions), probably slightly below the level a year earlier. Natural gas production set a new record at 15 Bcf/d (also after upcoming revisions; toggle Product to ‘Gas’ to see this).North Dakota – update through September 2020
Oil production in North Dakota recovered for the 4th consecutive month in September, but by a smaller amount than in the previous 2 months (50 kbo/d vs >100 kbo/d). The inactive well count dropped by less than 10%, from 2,440 to 2,266, a level 50% higher than seen in March. Through September this year, 480 new wells came online, compared with 949 in the same period last year.US – update through July 2020
US tight oil production regained again some lost ground in July, increasing by about 0.4 million to 6.8 million bo/d (after upcoming revisions). Tight gas output also climbed, but with a relatively smaller amount (switch product to gas). It of course also fell less steep earlier this year.Pennsylvania – update through August 2020
Natural gas production came in at about 19.5 Bcf/d in August (after upcoming revisions), almost touching the high in November last year. Only 382 horizontal wells were brought online this year through August, the lowest number in a decade.
Recent Comments