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 16,061 horizontal wells in North Dakota that started production from 2005 onward, through July.
North Dakota oil production recovered further in July to just above 1 million bo/d. This was about 150 thousand bo/d higher than in June, most of it due to existing wells being put back on production. Through July 423 new wells were completed, far below the level in the same period last year (719), but still higher than seen in 2016 (381).
Just below 3,200 horizontal wells were inactive (not producing anything) in July, a drop of 1,000 compared with the month before. The number of inactive wells at the start of the year was about half (1,600).
Only 9 rigs were drilling horizontal wells last week (according to the Baker Hughes rig count), compared with 50 at the start of the year. If activity would stay here, further declines are inevitable as you will find in our Supply Projection dashboard:
Average well performance obviously took a hit due to the shut-ins, as is visible in the “Well quality” tab. So far the wells that came online in 2018 had the best performance in the first 2 years.
Continental Resources saw the largest m-o-m increase in production in July, as it brought a significant portion of its shut-in wells back online (see final tab). It responded the most dramatically of all the major operators here.
Marathon, also listed here, had some positive news; the wells that it completed this year performed slightly better than earlier wells (screenshot from ShaleProfile Analytics (Professional)):
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.
My friend Mike Shellman posted a nice story on a well that Shell drilled in the Permian last year. If you thought laterals were straight, you should check it out: https://www.oilystuffblog.com/single-post/2020/09/04/Here-We-Go-Looptie-Loop
Early next week we plan to have a new post on the Permian. More news coming soon..
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.
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.