shaleprofile + 242 July 13, 2020 This article contains still images from the interactive dashboards available in the original blog post. To follow the instructions in this article, please use the interactive dashboards. Furthermore, they allow you to uncover other insights as well. Visit ShaleProfile blog to explore the full interactive dashboard These interactive presentations contain the latest oil & gas production data from all 16,012 horizontal wells in North Dakota that started production from 2005 onward, through May. Total production North Dakota oil production fell by 350 thousand bo/d in May to 0.85 million bo/d, an even larger decline than we saw in the previous month (200 kbo/d). The last time the state produced this much was 7 years ago. About 5,000 horizontal wells did not produce any oil in May (a figure normally closer to 2,000). This image, taken from ShaleProfile Analytics (Professional), shows the location of all completed horizontal wells in North Dakota. They are colored by their oil production rate in May. Horizontal wells in North Dakota – colored by the oil production rate in May It clearly shows that huge areas were shut-in. Directional surveys We have made further progress on our mapping capabilities. For the states for which we have directional surveys (North Dakota, Colorado and most of Texas), the exact position of the wells are now shown on our maps. See here for example the layout of 318 wells in the Reunion Bay field (ND), which is operated by Marathon and WPX: The location and performance of 318 horizontal wells in Reunion Bay field The surface locations are easily marked and the wells are colored from their Landing Point onward. Directional survey data is now also part of our ShaleProfile Data service. Top operators Continental Resources and ConocoPhillips were the only 2 operators in the top 5 which decided to shut in the majority of their wells in May, as you’ll find the last tab. By not doing so, Hess became the largest operator in May, with an output of almost 150 thousand bo/d. Advanced Insights The ‘Advanced Insights’ presentation is displayed below: This “Ultimate recovery” overview shows how these horizontal wells are heading towards their ultimate recovery. They are grouped by the year in which production started. You can already see that the profiles start tipping downward, due to the extra shut-ins. This is more clearly visible if you group the data by quarter or month. Well status map In the well status map dashboard (the 3rd tab) you can easily find the locations where operators have shut-in wells (click on the “Inactive” status in the color legend to highlight those areas). Finally Early next week we plan to have a new post on the Permian. We’re currently developing well spacing and well economics modules for our online analytics service, about which I will soon be able to share more with you! Sources 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 40 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: https://bit.ly/2CzwJcg Follow us on Social Media: Twitter: @ShaleProfile LinkedIn: ShaleProfile Facebook: ShaleProfile Quote Share this post Link to post Share on other sites
Most Active Members
Recently Online
Popular Members