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North Dakota – update through July 2018

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shaleprofile

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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.

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Visit ShaleProfile blog to use and explore interactive dashboards

 

An important factor behind this jump were the 141 new wells that started production, the highest number in 3 years. Completion activity was higher in the first 7 months of this year compared with last year (649 vs 525 wells).

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Several operators set new production records, including Continental Resources and ConocoPhillips, which just surpassed Whiting as the 2nd largest producer in this area (see ‘Top operators’).

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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.

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It shows that so far the wells that started in Q3 2017 had the best start; after 11 months they recovered on average 169 thousand barrels of oil.

Although lateral lengths haven’t changed much in North Dakota, proppant loadings have doubled in the past 4 years, to close to 1,000 lb/ft.

In our online analytics service, these trends can be easily analyzed by play and operator. Request a free trial here!

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/2MIA8oV

 

 

Follow us on Social Media:

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