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 25,827 horizontal wells in the Permian (Texas & New Mexico) that started producing from 2008/2009 onward, through December.
December oil production came in at 4 million bo/d (after upcoming revisions), almost double the output compared with 2 years earlier (2.1 million bo/d). Natural gas production topped 14 Bcf/d, after growing even faster than the Marcellus in the last 2 years.
In the final tab (“Top operators”), the total production of the 8 leading operators in the Permian is displayed, including their well positions. Exxon Mobil, the number 5, showed quite a large decline in output in December. However, it mostly recovered from this a month later, based on preliminary data for January (available in our paid subscription services),
The ‘Advanced Insights’ presentation is displayed below:
This “Ultimate recovery” overview displays the average production rate for these wells, plotted against their cumulative recovery. Wells are grouped by the year in which production started.
Early next week, we will have a new post on the Eagle Ford. We also hope to share a new dashboard from ShaleProfile Analytics later next week, in which the future oil & gas supply is projected, based on certain rig count and efficiency/productivity assumptions.
Production and completion data are subject to revisions.
Note that a significant portion of production in the Permian comes from vertical wells and/or wells that started production before 2008, which are excluded from these presentations.
For these presentations, I used data gathered from the following sources:
- Texas RRC. Oil production is estimated for individual wells, based on a number of sources, such as lease & pending production data, well completion & inactivity reports, regular well tests, and oil production data.
- OCD in New Mexico. Individual well production data is provided.
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.