The above presentation contains oil & condensate production data from horizontal wells in the Permian (both New Mexico and Texas) until March.
As you can see, total production has increased again slightly from the dip in December, and is higher than in 2015. I still expect some upward revision of production in recent months as is typical for Texas. The difference with the Eagle Ford, which has shown large drops in recent months, is striking.
Total production is larger than in the previous update, as I include now basically all horizontal wells in the Permian (9529 producing wells vs 7768 in the last update), and also condensate production from gas wells in Texas, which were excluded before.
New wells in the Permian have increased in productivity since last year, as can be seen in the “Well quality” tab. Looking at the production curves, it appears that the increases in productivity in recent years have been made mostly in the first two years in the life of the average well.
For New Mexico, in the “Well status” tab, you can also see the wells that are spud, but not yet producing, and also whether a well is plugged. These statuses are not available for Texas.
I expect to have another update on the US around Sunday. During next week, I hope to be able to present a post on gas production in the Marcellus (PA), deviating from my earlier focus on oil only. After that, I plan to present a post on the total oil production we may expect in the coming years from existing wells.
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.
- 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.