US
US – update through September 2021
US tight oil production rose to 7.5 million b/d in September (after upcoming revisions), 0.4 million b/d more than at the start of 2021. Tight gas production is already setting new heights each month (toggle product to ‘Gas’ to see this), and came in at 85 Bcf/d in September.US – update through August 2021
US tight oil production rose to over 7.3 million b/d in August (after upcoming revisions), the highest level since May last year (6.2 million b/d), although still below the peak in November 2019 (8.4 million b/d). Excluding West Virginia, tight gas production is already setting new records, and was 78 Bcf/d in August (toggle product to ‘Gas’ to see this).US – update through July 2021
US tight oil production was flat m-o-m in July, at 7.2 million b/d (after upcoming revisions), almost 1.5 million b/d below the November 2019 peak. Natural gas output was also basically flat, at just above 70 Bcf/d (excluding Ohio & West Virginia).US – update through June 2021
US tight oil production was flat m-o-m in June, at 7.3 million b/d (after upcoming revisions). Natural gas production was above 82 Bcf/d, bringing it on par with the record high in November 2019. In the first 6 months of this year, fewer than 4 thousand horizontal wells came online in all the US shale basins, the lowest number in a decade.US – update through May 2021
US tight oil production rose by 100 thousand b/d in May, to 7.2 million b/d (after upcoming revisions). This was almost a million b/d higher than a year earlier, when extremely low prices caused a significant part of production to be curtailed. But compared with the peak in November 2019, output fell by almost 1.5 million b/d. Natural gas production (excl. Ohio & West Virginia) grew slightly as well, to a fresh record at just above 70 Bcf/d.US – update through April 2021
US tight oil production was flat in April, month-over-month, at 7.1 million b/d (after upcoming revisions). Natural gas production (excl. Ohio & West Virginia) set a new record in April, at 70 Bcf/d.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).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.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).US – update through December 2020
US tight oil production fell below 7.0 million bo/d in December, the first time in the 2nd half of last year. Fewer than 7,500 horizontal wells were completed within this 12 states in 2020, significantly lower than the 13 thousand that came online in each of the previous two years. The y-o-y decline in output was therefore large in December, at around 1.5 million bo/d, as you’ll find in the graph above.
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