This is an older blog post, you will find one on more recent data here
These interactive presentations contain the latest oil & gas production data from all 16,234 horizontal wells in North Dakota that started production from 2005 onward, through December.
Total production
Oil production in North Dakota continued its fall to 1.15 million bo/d in December (before revisions). Almost 600 wells were completed in 2020, fewer than half compared with the previous year (1,270) and the lowest number since 2009. This was obviously not sufficient to maintain output and the loss year-over-year was almost 300 thousand bo/d.
Permit activity
With only 12 rigs drilling horizontal wells as of last week (according to the Baker Hughes rig count), drilling activity is below even its somewhat smaller cousin the Eagle Ford where 30 rigs are active. At least permit activity was the highest in the 4th quarter of 2020:

This screenshot was taken from our Permit activity dashboard. The chart on the right shows how permit activity has changed in this area, by quarter. It reveals that in Q4 228 permits for new horizontal wells were approved. In the actual dashboard you can find also easily pinpoint the exact location of these permitted wells.
The following chart (from the same dashboard) ranks the operators that received those 228 permits:

The 3 operators with the most new permits were good for 60% of the total. Surprisingly, ConocoPhillips, which is not even in the top-3 in terms of output, was well in the lead on this metric.
Well status
In the “Well status” overview, the status of all these wells can be found. There you’ll find that the spike in non-producing (‘inactive’) wells has now passed. The bottom chart plots all these wells by production level; in December 40% of all the horizontal wells in North Dakota were producing below 25 bo/d (6,517 wells).
Top operators
The final tab shows the top 8 operators in the basin. Continental Resources, the number 1, was back at the product level it first reached 2 years earlier.
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.
So far the wells that began production in 2018 had the best start on average, as those 1,268 wells recovered 240 thousand barrels of oil in the first 2 years, on average. The few wells that came online in 2020 did peak at even higher rates (show the wells by quarter of first production to see this). You can now also find that the wells from the 2009-2011 period, despite a slower start, are now tracking a better performance than those in the 4 years after.
I also wanted to share this chart with you, in which average well productivity can be viewed over time, by county:

For each county, the average well productivity, as measured by the average cumulative oil recovered in the first 18 months is displayed over time. You’ll note that now the best performing wells can be found in the counties McKenzie and Dunn.
Finally
Next week we will be back with posts on the Permian and the Eagle Ford.
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
Brief manual
The above presentations have many interactive features:
- You can click through the blocks on the top to see the slides.
- Each slide has filters that can be set, e.g. to select individual or groups of operators. You can first click “all” to deselect all items. You have to click the “apply” button at the bottom to enforce the changes. After that, click anywhere on the presentation.
- Tooltips are shown by just hovering the mouse over parts of the presentation.
- You can move the map around, and zoom in/out.
- By clicking on the legend you can highlight selected items.
- Note that filters have to be set for each tab separately.
- The operator who currently owns the well is designated by “operator (current)”. The operator who operated a well in a past month is designated by “operator (actual)”. This distinction is useful when the ownership of a well changed over time.
- If you have any questions on how to use the interactivity, or how to analyze specific questions, please don’t hesitate to ask.
1 Comment
Would like comments about the Equinor divestment in the Bakken. The company made $900 million out of an initial investment of $4.7 billion, plus billions of CAPEX from 2011-2020.
Is this the canary in the coal mine that the Bakken has seen its best days?