Tuesday, July 14, 2015

EIA Oil Drilling Productivity Report: Production Per New Well Continues Up, By Region Maintains Downtrend

U.S. oil production rolled over with the May productivity report and has been trending lower in the shale regions by approx. 91,000 Bbl per month/per month.
Reminder--These are  EIA estimates of the current month and one month out.

From the Energy Information Administration:

Production by Region
Oil production
thousand barrels/day

Gas production
million cubic feet/day
Region July 2015 August 2015 change   July 2015 August 2015 change
Bakken 1,204 1,182 (22)   1,502 1,478 (24)
Eagle Ford 1,593 1,538 (55)   7,094 6,971 (123)
Haynesville 59 59 -   6,717 6,688 (29)
Marcellus 71 72 1   16,528 16,487 (41)
Niobrara 415 395 (20)   4,558 4,507 (51)
Permian 2,041 2,046 5    6,365 6,351 (14)
Utica 65 65 -    2,642 2,664 22
Total 5,448 5,357 (91)   45,406 45,146 (260)


The Drilling Productivity Report uses recent data on the total number of drilling rigs in operation along with estimates of drilling productivity and estimated changes in production from existing oil and natural gas wells to provide estimated changes in oil and natural gas production for seven key regions. EIA's approach does not distinguish between oil-directed rigs and gas-directed rigs because once a well is completed it may produce both oil and gas; more than half of the wells produce both.

While shale resources and production are found in many U.S. regions, at this time EIA is focusing on the seven most prolific areas, which are located in the Lower 48 states. These seven regions accounted for 95% of domestic oil production growth and all domestic natural gas production growth during 2011-13.
key tight oil and shale gas regions


...MORE
Previously:
June 8 
EIA Drilling Productivity Report: Production Per Rig Continues Up, Production By Region To Decline 91,000 Bbl/Day
 May 14, 2015
Oil--EIA Drilling Productivity Report: Production Per Rig Continues Higher; Per Region Rolls Over In June
April 14, 2015
Oil--EIA Drilling Productivity Report: Production Per Rig Still Heading Up
March 13, 2015
Oil & Gas Drilling Rig Efficiency Increasing Dramatically
Feb. 9, 2015
EIA Drilling Productivity Report: Production Per Rig Up Across the Most Prolific Shale Plays
Oct. 1, 2014 
EIA Drilling Productivity Report (e.g. higher initial, faster decline in the Eagle Ford)
Aug. 2014
Oil & Gas: The EIA's Drilling Productivity Report
Nov. 2013
Oil&Gas: A Deep Dive Into the EIA's New Metric, Rig Productivity