Sign into your Analytics account Sign in
ShaleProfile
  • Products
  • About Us
  • Supply Projection
  • Blog
  • Support
    • Getting Started Videos
    • Reports
    • Webinar
    • Use Cases
  • FAQs
  • Contact
TRY IT FOR FREE
  • North Dakota
  • Apr 11, 2021
  • 2 mins read

North Dakota – update through February 2021

North Dakota – update through February 2021

  • By: Enno Peters
  • Published: Apr 11, 2021
 
 

Receive latest updates on the shale industry into your inbox.

Sign up today for free and get a weekly email with news and insights on important developments in one or two of the major tight oil & gas basins.
  • This field is for validation purposes and should be left unchanged.

These interactive presentations contain the latest oil & gas production data from all 16,302 horizontal wells in North Dakota that started production from 2005 onward, through February.

Total production

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.

Well status

In the bottom chart of the 4th tab (“Well status”), you’ll find that now 7 thousand horizontal wells here (just over 40% of the total) are producing at a rate below 25 barrels of oil per day, which for many will start to become challenging to operate profitably. This is more than 3 times the number compared with 5 years ago (2,273 in Feb 2016).

Top operators

The final tab shows the top 10 operators in the basin. Continental Resources, Hess and Marathon are the 3 largest producers, despite being below their historical output records.

Water production

In the 4 core counties of the Bakken, 1.2 barrels of water are produced for each barrel of oil. The following screenshot from our Water Production dashboard shows the location of all the wells here that began production since 2008, colored by the water/oil ratio in the most recent month:

Water production in the heart of the Bakken.

The charts on the right show the water production rate (top chart) and the water/oil ratio (bottom chart) over time, by vintage of production start. A striking finding is that the water production rate doesn’t seem to be dropping for the older wells (2008/2009), on average, although their water/oil ratio at just over 0.5 is still lower than newer wells, as you’ll see in the bottom chart.

Finally

Later this week or early next week we will have a new post on the Permian.

Sources

For these presentations, I used data gathered from the following sources:

  • DMR of North Dakota. These presentations only show the production from horizontal wells; a small amount (about 40 kbo/d) is produced from conventional vertical wells.
  • FracFocus.org
Brief manual

The above presentations have many interactive features:

  • You can click through the blocks on the top to see the slides.
  • Each slide has filters that can be set, e.g. to select individual or groups of operators. You can first click “all” to deselect all items. You have to click the “apply” button at the bottom to enforce the changes. After that, click anywhere on the presentation.
  • Tooltips are shown by just hovering the mouse over parts of the presentation.
  • You can move the map around, and zoom in/out.
  • By clicking on the legend you can highlight selected items.
  • Note that filters have to be set for each tab separately.
  • The operator who currently owns the well is designated by “operator (current)”. The operator who operated a well in a past month is designated by “operator (actual)”. This distinction is useful when the ownership of a well changed over time.
  • If you have any questions on how to use the interactivity, or how to analyze specific questions, please don’t hesitate to ask.

Share this

 

Enno Peters

Background in AI, worked on developing Supply Chain Planning & Optimization solutions for Quintiq, setting up its business in China. Focus on company direction and the technical development of ShaleProfile’s platform.

Author
Enno Peters

Background in AI, worked on developing Supply Chain Planning & Optimization solutions for Quintiq, setting up its business in China. Focus on company direction and the technical development of ShaleProfile's platform.

Post a Comment

Latest Posts

North Dakota – update through February 2021

  • April 11, 2021
  • 2 mins read

US – update through December 2020

  • April 8, 2021
  • 3 mins read

Pennsylvania – update through January 2021

  • March 30, 2021
  • 3 mins read

Eagle Ford – update through December 2020

  • March 24, 2021
  • 3 mins read

Permian – update through December 2020

  • March 19, 2021
  • 4 mins read

DJ-Niobrara – update through December 2020

  • March 16, 2021
  • 3 mins read

Haynesville – update through December 2020

  • March 11, 2021
  • 3 mins read

North Dakota – update through January 2021

  • March 8, 2021
  • 3 mins read

Recent Comments

  • Enno Peters on Permian – update through December 2020
  • Mike Shellman on Permian – update through December 2020
  • shallow sand on Eagle Ford – update through November 2020
  • shallow sand on North Dakota – update through December 2020
  • Scott Brinkman on Permian – update through October 2020
  • Ovi on Permian – update through September 2020
  • Enno Peters on Permian – update through September 2020
  • Ovi on Permian – update through September 2020

Archives

Newsletter

Save time. Receive the latest from our blog in your inbox
  • This field is for validation purposes and should be left unchanged.

Products

  • Analyst
  • Professional
  • Ultimate NEW!
  • Data subscription
  • All Dashboards

Support

  • FAQs
  • Resources
  • Insights Reports
  • Press
  • Privacy Policy
  • Switch to ShaleProfile

Career

  • Career Hiring!

Contact

  • Icon support@shaleprofile.com

© 2021. ShaleProfile