shaleprofile + 242 April 8, 2021 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 138,207 horizontal wells in 12 US states, through December. West Virginia is excluded, as it has as of now not yet reported Q4 production data (which is scheduled for later this week). Total production US tight oil production fell below 7.0 million bo/d in December, the first time it did in the 2nd half of last year. Fewer than 7,500 horizontal wells were completed within these 12 states in 2020, significantly lower than the 13 thousand that came online in each of the previous two years. The y-o-y decline in output was therefore large in December, at around 1.5 million bo/d, which you’ll find in the graph above. Supply Projection Tight oil & gas production will however not fall much more, given current D&C levels. As our Supply Projection dashboard shows, current tight oil production can be roughly sustained with the latest horizontal rig count (389 according to Baker Hughes), while gas output could soon start rising again. With more rigs likely being added in the coming weeks & months, this outlook will further improve: US tight oil & gas outlook, based on current drilling activity & well performance Well performance Well productivity edged higher in the main tight oil basins, on average, which is visualized in the Well Quality tab. This does not consider that laterals got longer in 2020 (they did). Top operators The 12 largest tight oil operators are displayed in the final overview (“Top operators”). Pioneer Natural Resources may soon jump from the 4th place to the 2nd or 3rd place, after its acquisition of Double Eagle is closed. EOG is still well in the lead, with 600 thousand b/d of operated production. Finally Next week we will have a new post on North Dakota, which has released February production data (already available in our services). Production data is subject to revisions. Visit our blog to read the full post and use the interactive dashboards to gain more insight: https://bit.ly/3uvWekE 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