Visualizing Permian Oil & Gas Production (Through June 2020)

[shaleprofile + 243]

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 27,826 horizontal wells in the Permian (Texas & New Mexico) that started producing from 2008/2009 onward, through June.

Total Production

Oil production in the Permian recovered by over 200 thousand bo/d in June, to around 3.7 million bo/d (after upcoming revisions). An important reason for the increase was of course that operators brought wells back online, after oil prices improved from the terrible lows during the 3 months before.

Supply Projection

As of last week, 119 rigs were drilling horizontal wells in this basin according to Baker Hughes. Unless rig/well productivity will greatly increase, we project that this level is not sufficient to sustain current output, as you can find in our Supply projection dashboard:

Tight oil outlook in the Permian, based on current conditions

Top Operators

In the final tab the production and locations are shown for the 12 largest oil producers in the Permian. Exxon Mobil and Parsley Energy brought most of their shut-in wells back on production in June, while EOG’s output almost halved from the February level.

Advanced Insights

The ‘Advanced Insights’ presentation is displayed below:

This “Ultimate recovery” overview displays the average production rate for these wells, plotted against their cumulative recovery. Wells are grouped by the year in which production started.

Finally

I am happy to announce that we launched the Ultimate version of ShaleProfile Analytics. All the really fun and interesting stuff (forecasts, economics and soon well spacing) is available in Ultimate. At the same time, we’ve updated our product pages; they contain much more information now about each service, including a detailed description of each dashboard in ShaleProfile Analytics.

We will have a new post on the Eagle Ford early next week, followed by one on Pennsylvania (which just released July production data, already available in our services).

Production and completion data are subject to revisions.

Note that a significant portion of production in the Permian comes from vertical wells and/or wells that started production before 2008, which are excluded from these presentations.

Sources

For these presentations, I used data gathered from the following sources:

• Texas RRC. Oil production is estimated for individual wells, based on a number of sources, such as lease & pending production data, well completion & inactivity reports, regular well tests, and oil production data.
• OCD in New Mexico. Individual well production data is provided.
• FracFocus.org

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[mikeaddy + 1]

Crude oil production in the U.S.' most prolific shale play, the Permian region, is expected to increase by 26.5% in 2019 and another 18.6% in 2020, according to the country's Energy Information Administration (EIA). The EIA said in a statement that crude production in the oil-rich Permian is expected to rise by 915,000 barrels per day (bpd) this year and another 809,000 bpd next year.

[Enthalpic + 1,496]

I too sell products for visualizing the state of Permian shale.  Our newly released premium version also includes a copy of Microsoft Excel!

PM me for pricing information. 

Edited September 18, 2020 by Enthalpic

[Rob Kramer + 696]

Due to all wells being open and the low completion q2 with lag from connection to peak flow the biggest decline should be sept and oct. 

Edited September 18, 2020 by Rob Kramer