This is an older blog post, you will find one on more recent data here
This interactive presentation contains the latest oil & gas production data from all 12,939 horizontal wells in North Dakota that started production since 2005, through October 2017.
Oil production in North Dakota rose by 7% in October, to 1.185 million bo/d. With this large increase, total production was less than 4% below the high in Dec 2014. Gas production also increased, with 6%, and came in above 2 Bcf/d, setting a new record.
In October 107 wells started production (vs 89 in September), the largest number in the past 2 years.
The 2 leading producers, Continental Resources & Whiting, both showed strong production increases in October, as the last tab (“Top operators”) shows.
The ‘Advanced Insights’ presentation is displayed below:
This “Ultimate recovery” overview shows how all these horizontal wells are heading towards their ultimate oil or gas recovery, with wells grouped by the quarter in which production started. As the blue curve at the top shows, wells that started in the 3rd quarter this year outperformed any earlier wells on average, despite that their number (275) was also larger than the other quarters in the past 2 years.
Once Ohio releases Q3 production, which I expect will be next week, I will publish another post on the Appalachian basin.
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 30 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.