shaleprofile + 243 February 10, 2022 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 155,094 horizontal wells in 13 US states, through October. Ohio and West Virginia are excluded, as both haven’t yet reported October production data. Total production US tight oil production rose to almost 7.6 million b/d in October (after upcoming revisions), 0.4 million b/d higher than 12 months earlier. Tight gas continued to rise as well, and came in at 72 Bcf/d in October (excluding Ohio & West Virginia and after upcoming revisions). Drilling activity Currently 554 rigs are drilling horizontal wells in the 13 US states that we cover (according to Baker Hughes). Of these, 448 are drilling oil wells: US Horizontal oil rigs (left axis, by basin) and WTI (right axis) Although the rig count has significantly increase in the past 1.5 years, the last time that WTI was over $85 (Oct 2014), there were ~1,100 rigs drilling horizontal oil wells, double the current number. Permit activity Permit activity for new horizontal wells in the 3 major tight oil basins (Permian, Bakken & Eagle Ford) has however not increased during the last few months as the next overview shows: Approved permits for horizontal wells by basin through January 2022. Includes cancelled permits. In January, only 461 new permits were approved in the Permian Basin (out of 623). Top operators In the final tab the output and location of the 12 largest US shale oil producers are displayed. After several acquisitions, ConocoPhillips is now also a contender for the top spot, next to EOG. Finally Our next post will be on North Dakota, which already released December production data for all wells (available in our subscription services), followed by an update on the Permian. 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/3sthkRq Follow us on Social Media: Twitter: @ShaleProfile LinkedIn: ShaleProfile Facebook: ShaleProfile 1 Quote Share this post Link to post Share on other sites
ronwagn + 6,290 February 12, 2022 Please keep on posting. Good to see! Quote Share this post Link to post Share on other sites
Most Active Members
Recently Online
Popular Members