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    North Dakota – update through August 2018
    These interactive presentations contains the latest oil & gas production data from all 13,899 horizontal wells in North Dakota that started production since 2005, through August. Visit ShaleProfile blog to explore the full interactive dashboards Oil production in North Dakota came in at 1,291 kbo/d in August, after a month-on-month rise of 1.7%, setting again a new record. As the graph shows, the 782 wells that started production in 2018 contributed already to more than 1/3rd of total production in August, producing more than the ~10k wells that started before 2015. After the high number of new producers in July (141 horizontal wells), 133 more came online in August. As this year around 100 wells were drilled so far each month, these recent completion numbers reduced the number of DUCs.   The production profiles for all these wells can be seen in the “Well quality” tab. The 2018 wells are so far tracking closely the performance of the wells from the year before.   The ‘Advanced Insights’ presentation is displayed below: This “Ultimate recovery” overview shows how all these horizontal wells are heading towards their ultimate recovery, with wells grouped by the quarter in which production started. The 275 wells that started in Q3 2017 still show the best results so far (dark brown curve). They recovered on average 178 thousand barrels of oil in the first year of production. They appear to be on a path to recover about 1 more time that amount, before turning into stripper wells (<= 15 bo/d).   In the 4th tab (“Productivity ranking”), all operators are ranked based on the average performance of their wells, as measured by the total oil recovered in the first 2 years. If you only select recent years, 2014-2016 (using the “first production year” selection), you’ll find that Enerplus comes out clearly on top. The 47 operated wells that started in this time frame recovered on average 289 thousand barrels of oil in the first 2 years.   Next week I plan to have a new post on the Marcellus. 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 30 kbo/d)  is produced from conventional vertical wells. FracFocus.org   Visit our blog to read the full post and use the interactive dashboards to gain more insight http://bit.ly/2CrnRnk     Follow us on Social Media: Twitter: @ShaleProfile
    Linkedin: ShaleProfile
    Facebook: ShaleProfile

    shaleprofile

    shaleprofile

    Crumbling america
    Under certain conditions the economy becomes very wasteful, and this is a recipe for disaster.   The public debt load is unsustainable under the current economic conditions. They are reasonable under real growth, but currently, the US is not under stable conditions.  The largest Us global corps are falling deeply behind the rest of the world. Companies like Lockheed and Boeing are large employers in the arms trade. This is an extremely vulnerable industry. The oil and gas, coal and even natural gas, are going to produce unmanageable expenses  related to pollution.  The health care system has so much potential, but the system seems unsustainable.  Pharmecuetical corporations are loosing, and obviously so! as potent pharms are unsustainable for the consumers.   An economy needs strong social tenets. Capitalism is great, if those in charge are capable.  Capabilities  are dependent on teaching and learning. Although the US likes to admit they are leaders in science and tec, this is not entirely true. These are multinational companies, acquiring the brightest minds from around the world.  Religion tends to relinquish personal power, and therefor diminishes our own personal capabilities.  Charity culture pervades the united states, and as people feel sorry for them selves, they miss out on the great adventure of life.  Unabated science is the best and most realistic avenue for growth.  The united states is along ways away from this reality.   near term, long term Short USD long gold

    Danial Gable

    Danial Gable

    US - update through June 2018
    This interactive presentation contains the latest oil & gas production data from 93,991 horizontal wells in 10 US states, through June. Cumulative oil and gas production from these wells reached 9.1 Gbo and 101.4 Tcf. Visit ShaleProfile blog to explore the full interactive dashboards In just one and a half year, production from these wells grew by more than 1.5 million bo/d and 10 Bcf/d. Operators increased the pace of drilling and completion activity, and as the ‘Well quality’ tab shows, average well performance also slightly increased from 2016. Wells were completed with longer laterals on average, and proppant loadings increased even more. You can try out our ShaleProfile Analytics service for more details on these trends, e.g. on an operator/basin basis.   The two largest shale oil operators, EOG and ConocoPhillips, set new records in June (‘Top operators’ tab).   The ‘Advanced Insights’ presentation is displayed below: This “Ultimate recovery” overview shows the relationship between production rates and cumulative production over time. The oil basins are preselected, and wells are grouped by the quarter in which production started. You can see that wells have been tracking steadily higher recoveries over the past years. Since the end of 2016, the pace of improvements appears to have slowed down.   Later this week I will have a new post on North Dakota, which just released production figures for August. Production data is subject to revisions. For these presentations, I used data gathered from the sources listed below. FracFocus.org Colorado Oil & Gas Conservation Commission Louisiana Department of Natural Resources. Similar as in Texas, lease/unit production is allocated over wells in order to estimate their individual production histories. Montana Board of Oil and Gas New Mexico Oil Conservation Commission North Dakota Department of Natural Resources Ohio Department of Natural Resources Pennsylvania Department of Environmental Protection Texas Railroad Commission. Individual well production is estimated through the allocation of lease production data over the wells in a lease, and from pending lease production data. West Virginia Department of Environmental Protection West Virginia Geological & Economical Survey Wyoming Oil & Gas Conservation Commission   Visit our blog to read the full post and use the interactive dashboards to gain more insight http://bit.ly/2CJZ2DJ     Follow us on Social Media: Twitter: @ShaleProfile
    Linkedin: ShaleProfile
    Facebook: ShaleProfile  

    shaleprofile

    shaleprofile

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