Tuesday, April 14, 2015

Oil--EIA Drilling Productivity Report: Production Per Rig Still Heading Up

Remember, these are forecasts for the current month and the month ahead.
From the Energy Information Administration:
New-well oil production per rig
barrels/day

New-well gas production per rig
thousand cubic feet/day
Region April 2015 May 2015 change April 2015 May 2015 change
Bakken 592 610 18 595 608 13
Eagle Ford 680 700 20 1,732 1,754 22
Haynesville 26 27 1 5,876 5,964 88
Marcellus 37 37 - 8,130 8,176 46
Niobrara 455 468 13 1,846 1,865 19
Permian 240 265 25    459 498 39
Utica 234 243 9    4,738 4,870 132
Rig-weighted average 374 387 13 2,016 2,138 122


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....MORE