Posts by: Enno Peters
Eagle Ford – update through February 2019
February oil production came in at 1,22 million bo/d, the same rate of production as a year earlier. After revisions it will be a little higher, but still below the level at the end of last year. As is visible in the graph above, the contribution of wells that came online before 2018 was just about 50% in February.
Permian – update through February 2019
The breakneck growth in Permian production during the past 2 years appears to have taken a breather, at least temporarily. I expect that after revisions, production in February will come in 5-10% higher than shown here, or about 3.2-3.3 million bo/d. This would represent just a modest gain from the end of last year. Gas production is now above 10 Bcf/d.
Marcellus (PA) – update through March 2019
Gas production in Pennsylvania dropped by a small amount in March, but remained close to January’s record output, at 18.2 Bcf/d. In the first quarter of this year, 147 wells started production, almost unchanged from a year earlier (142).
North Dakota – update through March 2019
Oil production in North Dakota rose by 4% in March m-o-m to 1.39 million bo/d, just below the record high in January (1.4 million bo/d). Natural gas production was even up by 6.5%, reaching 2.8 Bcf/d, a new all-time high.
US – update through January 2019
January production from these wells was at a similar level as a month earlier, with about 6.6 million bo/d (after revisions). The Permian has been responsible for most of the growth in the past 2 years. If you exclude this basin (using the “Basin” filter at the bottom), you will see that combined production in the other basins only surpassed the 2014 peak in December.
Permian – update through January 2019
The massive growth in Permian production, as well as the underlying decline, is visible in the chart above. Preliminary oil production for January came in at 3.1 million bo/d, which after revisions will be closer to 3.5 million bo/d.
Haynesville – update through January 2019
Gas production in the Haynesville rose by more than 2 Bcf/d in 2018 to well over 8 Bcf/d, which was the strongest growth since 2012, breaking the previous record set 6 years earlier.
Eagle Ford – update through January 2019
January oil production came in at 1,24 million bo/d, maintaining the same level as a year earlier. However, after revisions, it will end up closer to the 1.3 million bo/d that was produced a month earlier.
Marcellus (PA) – update through February 2019
Gas production in Pennsylvania fell by 1% m-o-m in February to 18.1 Bcf/d, after setting a new record in January. Compared with a year earlier, this was just over 2 Bcf/d higher.
North Dakota – update through February 2019
Oil production in North Dakota fell in February by 5% m-o-m to 1.34 million bo/d. As is common in the winter months, few new wells started production (64), and more wells were shut-in. Gas production also saw a drop, but the gas oil ratio continued to rise; now 2 Mcf of natural gas is produced with every barrel of oil. Seven years ago this was only 1 Mcf per barrel.
