Posts by: Enno Peters
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.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.
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