This is an older blog post, you will find one on more recent data here
Based on the latest NDIC data, total oil production in North Dakota fell to 1118 kbo/d in February, a monthly drop of just 4 kbo/d. This decline was less than I expected (> 20 kbo/d), but we have seen in the past regularly monthly fluctuations that defied the trend. The number of new wells producing dropped to 62, vs 70 in January. New wells spud dropped much more drastically from 62 in January, to just 31 in February. Preliminary data suggests that a similar amount of wells were spud in March.
In the well status tab, you can now also see the wells that are spud, but not yet producing. Almost all of these wells are completely drilled (DUCs), but a few are still in the drilling process.
By the end of next week I will post another update on the Eagle Ford.
The above presentation has 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, and include or exclude categories.
- Note that filters have to be set for each tab separately.
- If you have any questions on how to use the interactivity, or how to analyze specific questions, please don’t hesitate to ask.