← Go back to All Blogs

North Dakota – update through August 2018

Sign in to follow this  
Followers 0
shaleprofile

638 views

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.

Graph_01-3.jpg

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.

 

Graph_02-3.jpg

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:

Graph_03-3.jpg

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).

 

Graph_04-3.jpg

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

  • Upvote 1
Sign in to follow this  
Followers 0


0 Comments


Recommended Comments

There are no comments to display.

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now