The above interactive presentation shows the shale oil production in the Permian. It now contains counties from both Texas and New Mexico. You can browse through the presentation by clicking on the boxes above. For more information you can use the filters and tooltips.
Oil production in the Permian has held up well until November 2015. Some operators, notably Pioneer Resources, have increased production quite a bit during 2015. I found it interesting to see that the average well quality in New Mexico has been improving more sharply over the last years than in the Permian in Texas. You can see this in the “Well quality” tab, by selecting the NM counties “Eddy” and “Lea”, and then grouping by “Year of first flow”.
Almost all oil production in New Mexico is located in the southeast of the state, in the Permian basin. This explains why the oil production shown in this presentation increased with more than 300 kbo/d (about 75% of the total oil production in New Mexico), compared with my update last month.
The presentation contains data until November 2015, as this data appeared quite complete. I have not yet been able to estimate individual well profiles for all leases in Texas, otherwise I would have been able to show how the total production declines over time, as I’ve done for the other basins. This is still my goal. Still, the well profiles responsible for about 75% of the production shown here can be viewed in the “Well quality” tab. These are all horizontal wells. I used data from the RRC, and the OCD of New Mexico.
I aim to post an update next week Friday on the combined oil production total of the 4 shale oil basins on which I’ve gathered data. This way, we can more easily see how the different basins compare with total oil production, operators, well quality, and field declines.
The above presentation has 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, and include or exclude categories.
- Note that filters have to be set for each tab separately.
- If you have any questions on how to use the interactivity, or how to analyze specific questions, please don’t hesitate to ask.