North Dakota – update through February 2022
Oil production in North Dakota from horizontal wells rose by less than 1% m-o-m in February, to 1.05 million b/d. Natural gas output increased by 2% to 2.8 Bcf/d. Only 63 new horizontal wells came online in the first 2 months of this year, compared with 180 in 2020 and 68 in 2021 during the same period.
US – update through December 2021
US tight oil production was up by about 1% in December, at 7.7 million b/d (after upcoming revisions), the highest level in over 1.5 years, and just 0.7 million b/d below the peak in 2019. Tight gas output set a fresh record in December, at over 80 Bcf/d (excluding West Virginia and after upcoming revisions).
Permian – update through December 2021
Permian tight oil production was flat at about 4.4 million b/d in December (after upcoming revisions, horizontal wells only). In 2021, some 4,200 horizontal wells were completed, about 20% more than in the year prior, although still well below the over 5,000 wells coming online in both 2018 & 2019.
North Dakota – update through January 2022
Oil production in North Dakota from horizontal wells fell by 5% m-o-m, to 1.04 million b/d in January. Natural gas output dropped by the 7% to below 2.8 Bcf/d.
US – update through November 2021
US tight oil production rose to almost 7.6 million b/d in October (after upcoming revisions), 0.4 million b/d higher than 12 months earlier. Tight gas continued to rise as well, and came in at 72 Bcf/d in October (excluding Ohio & West Virginia and after upcoming revisions).
Permian – update through November 2021
Permian tight oil production rose to 4.4 million b/d in November, a new high (after upcoming revisions, horizontal wells only). Through November, 3,850 horizontal wells were completed, more than in the full year before (3,600).