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The Baker Hughes US oil rig count – a proxy for health and optimism in the overall upstream sector – has just reached a 31-month high to 1067 rigs, though nowhere near the all-time high of 1609 back in July 2014. This recent development is not surprising; crude prices have been trending upwards and reached a new 24-month peak last week as well.
Looking at the breakout data, it is possible that some of the gains could be from re-started sites shut down in the wake of Hurricane Michael bypas
Pakistan is one of the very few blessed countries in the world. We should take pride GOD has blessed with all fruits, vegetables, crops and minerals a country need to prosper at all cylinders. Pakistan has got all of them. But unfortunately Pakistan never prosper in last few decades as it should have been. We reeling with energy shortages which are badly impacting our manufacturing, exports etc putting extra ordinary pressure on Pakistan’s economy.
Pakistan seeking money support its import
This interactive presentation contains the latest gas (and a little oil) production data, from all 8,406 horizontal wells in Pennsylvania that started producing since 2010, through August.
Visit ShaleProfile blog to explore the full interactive dashboards
Gas production from horizontal wells in this state set another record in August, at 17 Bcf/d. An important factor behind this was a large number of wells that were brought online during the month; 108, the highest in almost 4 yea
Crude oil also known as black gold is the commodity keep the country’s wheel moving. If a country is deprived of this natural resource it has to import it from outside world, which makes it everything expensive and heavy reliance on countries selling it. With each day world political scenario changing each day the prices keeps moving.
In the world there are countries in the world always prefer to control their own resources and keep country economy under their control. They make every effor
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
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
Oil use is overestimated. Our perceived outlook on the importance of oil is completely distorted. Humans have a hard time looking both into the past, and also into the future. Unless someone has done extensive research on history of all eras, and had real conclusions on just how the world works, until someone has then used this same historical approach and applied it to the future, how then can one really have a bearing on where they stand in the scale of things. OIl is a revenue generator, l
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
Oil is on an upward climb. I dont see this bull run easing. In my opinion, This industry only has so much life left in it, as we can all clearly see a carbon free future. With so little time, and still so much money to make, it makes more sense to drive up the price real high. This is beneficial on many levels, as it encourages green tec development, almost real time with each increase in price. Also, then the billions of dollars produced will and can help catapult society into a green era. It
This interactive presentation contains the latest oil & gas production data from all 21,081 horizontal wells in the Eagle Ford region, that started producing since 2008, through June.
Visit ShaleProfile blog to explore the full interactive dashboards
In the first half of this year, oil production from horizontal wells has hovered just above 1.2 million bo/d, while gas output stood at about 5.8 Bcf per day.
Unlike the Permian, production growth is rather timi
This interactive presentation contains the latest oil & gas production data through June from all 16,770 horizontal wells in the Permian (Texas & New Mexico) that started producing since 2008/2009.
Visit ShaleProfile blog to explore the full interactive dashboards
Even though data for the last few months is still somewhat incomplete, it is already clear that the Permian set another production record in June, producing well above 2.4 million bo/d from these horizontal wells
This interactive presentation contains the latest oil & gas production data through July, from all 8,221 horizontal wells that started production in the Niobrara region (Colorado & Wyoming) since 2009/2010.
Although we had a post on this region just 3 weeks ago, as we now have reliable data up through July, I wanted to share another update. A few percent of the wells were not yet reported in July, so there will be some upward revisions.
Visit ShaleProfile blog to ex
This interactive presentation contains the latest gas (and a little oil) production data, from all 8,298 horizontal wells in Pennsylvania that started producing since 2010, through July. It also contains the production data from Ohio & West Virginia, but as these states have a greater lag in their reporting, only Pennsylvania is preselected in most views.
Visit ShaleProfile blog to explore the full interactive dashboards
As you can see, unconventional gas production fro
These interactive presentations contains the latest oil & gas production data from all 13,628 horizontal wells in North Dakota through July, that started production since 2005.
July oil production in North Dakota came in at 1,269 kbo/d, after a month-on-month rise of 3.4%, setting a new record for the state.
Visit ShaleProfile blog to use and explore interactive dashboards
An important factor behind this jump were the 141 new wells that started production, the hig
This interactive presentation contains the latest oil & gas production data through May, from 91,810 horizontal wells in 10 US states. Cumulative oil and gas production from these wells reached 8.9 Gbo and 98.6 Tcf.
Their total oil production was close to 5.5 million bo/d in May, or more than half of total US oil supply, while gas production topped 50 Bcf/d.
If you group this total oil production by ‘production level’, using the ‘Show production by’ selection, you will
This interactive presentation contains the latest oil & gas production data through May, from all 7,962 horizontal wells that started production in the Niobrara region (Colorado & Wyoming) since 2009/2010.
As shown in the graph below, 2017 was a similarly strong year for oil production growth as 2013, with more than 150 thousand bo/d added. Since end of last year, production from unconventional horizontal wells has remained just below half a million bo/d. In May about 70% of total o
This interactive presentation contains the latest oil & gas production data through May from 20,900 horizontal wells in the Eagle Ford region, that started producing since 2008.
In the first 5 months of this year, oil production from these wells has hovered around a level of 1.2 million barrels of oil per day. This was a few percent above the output 12 months earlier, but lower than the level reached in Q4 last year.
Although well performance has also steadily shown imp
This interactive presentation contains the latest oil & gas production data through May from all 16,326 horizontal wells in the Permian (Texas & New Mexico) that started producing since 2008/2009. In this update we were able to include more recent wells, which explains the higher (~10%) production level.
Output has surged higher in the first 5 months of 2018, following the rapid rise in 2017. As the graph shows, about 75% of total oil production in May came from wells th
This interactive presentation contains the latest gas (and a little oil) production data through June, from all 8,236 horizontal wells in Pennsylvania that started producing since 2010.
Gas production from these wells has hovered around a level of 16 Bcf/d in the first half of 2018. During this period, 351 horizontal wells started production versus 299 in the year before.
In the ‘Well quality’ tab, the production profiles of all these wells can be found, averaged by the yea
This interactive presentation contains the latest oil & gas production data through June from all 13,628 horizontal wells in North Dakota that started production since 2005.
June oil production in North Dakota came in at 1,246 kbo/d, after a month-on-month drop of ~1.5%.
As shown in the below graph, wells that started production since 2017 contributed about half of total oil production in June.
If you switch to gas, you’ll see that natural gas production has risen
I read an article today from The Independent reminiscent of many similarly themed articles. It was about solar panels. The personal use kind—the kind you install on your roof.
It didn’t really tell me anything new. The gist of the article was that there was this new survey conducted. And in this survey, they asked British folk whether they wanted to install solar panels on their roofs.
The survey had found that “the majority of” British people would like to install solar panels if
“g
This interactive presentation contains the latest oil & gas production data through April, from 90,168 horizontal wells in 10 US states. Cumulative oil and gas production from these wells reached 8.7 Gbo and 96.7 Tcf.
The number of well completions in the 2nd half of 2017 was about 60% higher than the average level in 2016, which explains most of the rise in output over the past year.
Average initial well productivity in the oily basins did not change much over this period, as
This interactive presentation contains the latest oil & gas production data through April from 20,207 horizontal wells in the Eagle Ford region, that started producing since 2008.
Despite significant future upwards production revisions, which are typical for Texas, it appears that total oil and gas production has declined in the Eagle Ford since December.
It also appears that the wells that started producing in 2018 are so far closely tracking the performance of wells f
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