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 16,471 horizontal wells in North Dakota that started production from 2005 onward, through May.
Oil production in North Dakota from horizontal wells rose by less than 1% in May, m-o-m, to 1.09 million bo/d. Natural gas production increased to 2.94 Bcf/d. Only 44 wells were completed in May, but the inactive well count fell by over 100 to just below 1,500 (see the “Well status” tab).
Since our previous update last month, 2 more rigs drilling horizontal wells were added in North Dakota (source: Baker Hughes). The 17 rigs that are currently active here are unlikely to halt declines in the basin, as is seen in our Supply Projection dashboard:
Interestingly, activity has shifted away from McKenzie to Dunn and Mountrail. Output in the latter will even start growing again if the number of rigs there (6) doesn’t drop.
The drilled, but uncompleted well count (DUCs) has steadily fallen since early 2016, and is with 614 now at the lowest level in over 8 years.
In the image above (taken from our Well Status dashboard) shows how the DUC count has changed in North Dakota and the location of the 614 DUCs remaining in May. The DUCs are colored by the year in which they were spud. This includes 138 DUCs that were drilled before 2019. There are likely some technical or economics issues associated with these older DUCs.
Although average well productivity hasn’t changed much since 2018, the small number of wells that did came online in the 2nd half of last year outperformed any earlier wells:
The 111 horizontal wells that began production in Q4 2020 peaked at just over 1,000 b/d and recovered 145 thousand barrels of oil in their first 6 months, on average.
The final tab shows the production history and location of the top 10 operators in North Dakota. Continental Resources ramped up its completions earlier this year, which has translated in a 21 thousand b/d production gain since March this year. However, it is still down by 25% from its peak in October 2019 (at 205 thousand b/d).
Next week we will have a new post on the Permian.
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.