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US Monthly Update
US – update through October 2020
US tight oil production was basically unchanged in October, at nearly 7.0 million bo/d. Over 500 horizontal wells came online for the month, a higher number than in the preceding 5 months, but far lower than the more than 1,000 wells we saw in a typical month in 2019.- Feb 02, 2021
- 3 mins read
US – update through September 2020
US tight oil production was flat m-o-m in September at 7.0 million bo/d (after upcoming revisions, including estimates for Oklahoma). Again some 1,500 horizontal wells that were temporarily shut-in came back online, which helped stem the underlying decline.- Jan 06, 2021
- 3 mins read
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).- Dec 02, 2020
- 4 mins read
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.- Oct 26, 2020
- 4 mins read
US – update through June 2020
US tight oil production rebounded in June by about 0.4 million bo/d to 6.4 million bo/d, as operators brought some wells back online with the improved pricing environment. Natural gas output stayed flat at 73 Bcf/d.- Oct 02, 2020
- 3 mins read
US – update through May 2020
US tight oil production fell in May by about 1.4 million bo/d to 6.0 million bo/d, while natural gas declined by 5 Bcf/d. These monthly declines were twice the size compared with April. This stunning collapse was of course caused by operators who decided to shut in wells and delay completions, due to the low pricing environment. Based on preliminary data (available in our subscription services), most basins saw a slight recovery in June and July as some oil wells were brought back online.- Sep 02, 2020
- 4 mins read
US – update through April 2020
US shale oil & gas production fell by about 700 kbo/d and 2.5 Bcf/d in April (after upcoming revisions) the largest absolute and relative m-o-m declines since the start of the shale boom. Of course the low, and even negative, oil prices in March and April were the main cause, which led many operators to shut in their oil wells.- Aug 04, 2020
- 4 mins read
US – update through March 2020
Oil production from these wells set another record in November, at over 7.6 million bo/d (after upcoming revisions). The over 10 thousand horizontal wells that came online in 2019 contributed half of this supply (3.8 million bo/d), as is visualized by the dark blue area in the graph above.- Jul 08, 2020
- 3 mins read
US – update through February 2020
Tight oil production in these states declined slightly in the first 2 months of this year, before the start of the latest oil crisis. I expect that after upcoming revisions, production for February will come in at about 8 million bo/d.- Jun 03, 2020
- 4 mins read
US – update through January 2020
Oil production from these wells set another record in November, at over 7.6 million bo/d (after upcoming revisions). The over 10 thousand horizontal wells that came online in 2019 contributed half of this supply (3.8 million bo/d), as is visualized by the dark blue area in the graph above.- May 04, 2020
- 3 mins read
Latest Posts
Pennsylvania – update through December 2020
- February 23, 2021
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Eagle Ford – update through November 2020
- February 18, 2021
- 3 mins read
Permian – update through November 2020
- February 15, 2021
- 4 mins read
North Dakota – update through December 2020
- February 7, 2021
- 4 mins read
US – update through October 2020
- February 2, 2021
- 3 mins read
Pennsylvania – update through November 2020
- January 27, 2021
- 3 mins read
Eagle Ford – update through October 2020
- January 19, 2021
- 3 mins read
Permian – update through October 2020
- January 14, 2021
- 4 mins read
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