North Dakota – update through February 2021

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 16,302 horizontal wells in North Dakota that started production from 2005 onward, through February.

Total production

Oil production in North Dakota from horizontal wells fell by 6% m-o-m, to 1.05 million bo/d in February, based on preliminary data. Only 1 well came online every day in the first 2 months, on average, while more than 2 are required to sustain the current output.

Well status

In the bottom chart of the 4th tab (“Well status”), you’ll find that now 7 thousand horizontal wells here (just over 40% of the total) are producing at a rate below 25 barrels of oil per day, which for many will start to become challenging to operate profitably. This is more than 3 times the number compared with 5 years ago (2,273 in Feb 2016).

Top operators

The final tab shows the top 10 operators in the basin. Continental Resources, Hess and Marathon are the 3 largest producers, despite being below their historical output records.

Water production

In the 4 core counties of the Bakken, 1.2 barrels of water are produced for each barrel of oil. The following screenshot from our Water Production dashboard shows the location of all the wells here that began production since 2008, colored by the water/oil ratio in the most recent month:

The charts on the right show the water production rate (top chart) and the water/oil ratio (bottom chart) over time, by vintage of production start. A striking finding is that the water production rate doesn’t seem to be dropping for the older wells (2008/2009), on average, although their water/oil ratio at just over 0.5 is still lower than newer wells, as you’ll see in the bottom chart.

Finally

Later this week or early next week we will have a new post on the Permian.

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.

Enno Peters

Enno Peters is General Manager at Novi, where he has build an AI-driven data & analytics platform tailored for oil & gas operators and energy investors. Prior to Novi, Enno founded ShaleProfile which was acquired by Novi late 2021.