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Visualizing North Dakota Oil & Gas Production (Through January 2021)

Enno Peters's picture
CEO ShaleProfile

Background in AI, worked on developing Supply Chain Planning & Optimization solutions for Quintiq, setting up its business in China. Focus on company direction and the technical development...

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This article contains still images from the interactive dashboards available in the original blog post. To follow the instructions in this article, please use the interactive dashboards. Furthermore, they allow you to uncover other insights as well.

Visit ShaleProfile blog to explore the full interactive dashboard

These interactive presentations contain the latest oil & gas production data from all 16,263 horizontal wells in North Dakota that started production from 2005 onward, through January.

Total production

Oil production in North Dakota fell by 4% m-o-m, to 1.11 million bo/d in January, based on preliminary data. Just 25 new wells came online for the month, the lowest number in at least 12 years, except for May last year when the number was 17. In the past 2 months, 12 rigs were drilling horizontal wells in the state, which in our estimation is about half of what would be needed to maintain current output. However, we do see permit activity picking up (through March 4th already more permits were approved this year than in Q1 last year).

Well quality

Well performance hasn’t changed much, on average, since 2017, as can be viewed in the 3rd tab (“Well quality”).

Top operators

The final tab shows the top 10 operators in the basin. Devon Energy, which recently acquired WPX, has entered the list in the 4th spot. The other operators, except for Petro-Hunt, are well below their historical output records.

Productivity ranking

Which of these operators have the better wells? The following screenshot, taking from our Productivity Ranking dashboard, ranks all operators (with at least 10 operated wells) in North Dakota, based on the average cumulative oil recovered in the first 6 months:

Well productivity ranking in North Dakota, based on the average 6-month cumulative oil. Hz wells since 2019 only.

The map shows the location of the wells included, colored by the same metric. You can see that Devon got some great wells with that acquisition. EOG completed few wells since 2019, but the 24 wells that it did (and produced already for 6 months) scored the best on this metric, with 191 thousand barrels of oil recovered in the first 6 months, on average.

 
Advanced Insights

The ‘Advanced Insights’ presentation is displayed below:

This “Ultimate recovery” overview shows how these horizontal wells are heading towards their ultimate recovery. They are grouped by the year in which production started.

Finally

Later this week we will have a new post on the Haynesville, where now most horizontal rigs are running, after the Permian.

Sources

For these presentations, I used data gathered from the following sources:

  • DMR of North Dakota. These presentations only show the production from horizontal wells; a small amount (about 40 kbo/d) is produced from conventional vertical wells.
  • FracFocus.org

Visit our blog to read the full post and use the interactive dashboards to gain more insight: http://bit.ly/3v8muCD

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Twitter: @ShaleProfile

LinkedIn: ShaleProfile

Facebook: ShaleProfile

Enno Peters's picture
Thank Enno for the Post!
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