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Shale Oil and Gas Insights Blog

News and insights on important developments in the major tight oil & gas basins.

North Dakota

North Dakota – update through February 2022

April 15, 2022 4 Comments

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.

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US

US – update through December 2021

April 8, 2022 No Comments

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).

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Permian

Permian – update through December 2021

March 31, 2022 3 Comments

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.

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North Dakota

North Dakota – update through January 2022

March 18, 2022 No Comments

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.

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US

US – update through November 2021

March 10, 2022 No Comments

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).

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Permian

Permian – update through November 2021

February 24, 2022 No Comments

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).

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