Permian tight oil production set a new output record in October, at 4.3 million b/d (after upcoming revisions, horizontal wells only), just above the previous record from March 2020. Natural gas production is also edging higher, and came in at 17 Bcf/d in October.
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US tight oil production rose to 7.5 million b/d in September (after upcoming revisions), 0.4 million b/d more than at the start of 2021. Tight gas production is already setting new heights each month (toggle product to ‘Gas’ to see this), and came in at 85 Bcf/d in September.
Permian tight oil production continues to recover and in September topped 4.2 million b/d (after upcoming revisions, horizontal wells only). We expect that earlier in Q4 this year already a new output record was set. Natural gas production rose as well, and was close to 17 Bcf/d in September.
Oil production in North Dakota from horizontal wells was flat m-o-m for the 2nd month in a row, at 1.07 million b/d in October. Natural gas output, at 2.9 Bcf/d, was close to the historical high in November 2019 (3.1 Bcf/d). Only 492 new horizontal wells were completed through October, the lowest number since 2009.