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This interactive presentation contains the latest oil & gas production data through April from all 15,532 horizontal wells in the Permian (Texas & New Mexico) that started producing since 2008/2009.
The graph above shows the rapid growth of unconventional oil production from horizontal wells in the Permian where total oil output doubled in the past 2 years. As usual for this region, recent data is incomplete, and I expect that after revisions April production has set another record
This interactive presentation contains the latest gas (and a little oil) production data through April, from all 8,137 horizontal wells in Pennsylvania that started producing since 2010.
After the significant jump in output at the end of last year, gas production has remained fairly steady at a level around 16 Bcf/d, and just like in the past 3 years there was a small dip in May.
Only 252 horizontal wells started production in Pennsylvania in the first 5 months of this year, which
Capital for small independents has been an issue since the downturn and doesn't appear to be abating even with $65-70 oil. Banks have been less interested in providing much needed capital to these smaller entities.
When the oil market crashed in 2014, there were 177 bankruptcies as a result. Why did they occur? Simple... the banks lent the oil companies money based on their reserves, valued at $80-100 per barrel. When the market crashed to $27 a barrel, the banks called the loans but th
This interactive presentation contains the latest oil & gas production data through May from all 13,545 horizontal wells in North Dakota that started production since 2005.
May oil production in North Dakota came in at 1,245 kbo/d, after a month-on-month increase of 1.6%. This pushed production higher than the previous all-time high in December 2014.
Recent wells are closely tracking the performance of the wells that started in 2017 (see the bottom graph in the ‘Well qu
This interactive presentation contains the latest oil & gas production data through March, from 88,617 horizontal wells in 10 US states. Cumulative oil and gas production from these wells reached 8.6 Gbo and 94.2 Tcf. The latest data for Ohio, which just released Q1 production figures, is also included. Only data for West Virginia is not up-to-date, and therefore this state has been deselected in most views.
With the surge in drilling and completion activity since early 2017
This interactive presentation contains the latest oil & gas production data through March from 20,615 horizontal wells in the Eagle Ford region (TRRC districts 1-4), that started producing since 2008.
Growth is tepid in the Eagle Ford basin, and recent oil output remains well below the high set in March 2015, even after upcoming upward revisions.
Although well productivity has also improved in this basin, as shown in the ‘Well quality’ tab, the effect has been more mode
This interactive presentation contains the latest oil & gas production data through March from all 15,294 horizontal wells in the Permian (Texas & New Mexico) that started producing since 2008/2009.
Oil production in the Permian has kept its upward trajectory through the first quarter of this year. The percentage growth since mid last year was even larger in New Mexico (50%), than in Texas (toggle the basins in the ‘Basin’ selection to see this).
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