shaleprofile + 243 June 3, 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 143,674 horizontal wells in 13 US states, through February. West Virginia is deselected in most dashboards, as it hasn’t reported February production data yet. Ohio, which did just reported Q1 2021 production, is included this time. Total production US tight oil production fell by 1 million b/d to 6 million b/d in February, the lowest level in 3 years, as cold winter weather affected production in several states. This was just a blip, and based on preliminary data we expect production to have fully recovered in March. Supply Projection With the horizontal rig count now having recovered to well over 400 as of last week (according to Baker Hughes), current output can be almost sustained, as is visualized in our Supply Projection dashboard: US tight oil & outlook, based on current drilling activity & well performance More than half of these rigs can be found in the Permian basin, which is the only major tight oil basin that can grow at this level of activity. Completion design After several years of increases in lateral lengths and proppant loadings, 2020 was no exception: Lateral lengths and proppant loadings in the US tight oil & gas basins, through 2020 In 2020, horizontal wells in the US were frac’ed with over 17 million pounds of proppants, while lateral lengths increased to about 9 thousand feet. Source: our Lateral lengths & Proppants Dashboard. Top operators The 15 largest tight oil operators are displayed in the final overview (“Top operators”). All these operators saw the impact of the extreme weather on their production in February. Pioneer Natural Resources lost 100 thousand b/d during the month. Finally Next week we will have a new post on North Dakota, which has just released April production data, most of which is already in our subscription services. If you want to have access to the most up-to-date production and completion data, check out our improved ShaleProfile Data service. Production data is subject to revisions. Sources For these presentations, we used data gathered from the sources listed below. FracFocus.org Arkansas Oil & Gas Commission Colorado Oil & Gas Conservation Commission Louisiana Department of Natural Resources. Similar to Texas, lease/unit production is allocated over wells in order to estimate their individual production histories. Montana Board of Oil and Gas New Mexico Oil Conservation Commission North Dakota Department of Natural Resources Ohio Department of Natural Resources Oklahoma Corporation Commission – Oil & Gas Division Oklahoma Tax Commission Pennsylvania Department of Environmental Protection Texas Railroad Commission. Individual well production is estimated through the allocation of lease production data over the wells in a lease, and from pending lease production data. Utah Division of Oil, Gas, and Mining Automated Geographic Reference Center of Utah. West Virginia Department of Environmental Protection West Virginia Geological & Economic Survey Wyoming Oil & Gas Conservation Commission Visit our blog to read the full post and use the interactive dashboards to gain more insight: https://bit.ly/2SY3Yi0 Follow us on Social Media: Twitter: @ShaleProfile LinkedIn: ShaleProfile Facebook: ShaleProfile Quote Share this post Link to post Share on other sites
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