This group brings together those who are interested in topics around oil and gas exploration, drilling, refining, and processing.

Post

Visualizing Permian Oil & Gas Production (Through October 2021)

Enno Peters's picture
Enno Peters 16097
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...

  • Member since 2018
  • 246 items added with 523,521 views
  • Jan 21, 2022
  • 625 views

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.

Permian-152438.png

Visit ShaleProfile blog to explore the full interactive dashboard

This interactive presentation contains the latest oil & gas production data from all 33,545 horizontal wells in the Permian (Texas & New Mexico) that started producing from 2008/2009 onward, through October.

Total Production

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.

Drilling Activity

The horizontal rig count in the basin has increased to 275 as of last week (according to Baker Hughes), with over 1/3rd of the rigs now active in New Mexico:

Rigs-1.png

Weekly rig activity (left hand side) in the Permian Basin, by state, and WTI (right hand side).

Top counties

Eight counties in the Permian Basin are together good for 80% of total production. Here you can view them, and see how their production has changed through October:

Top-8-counties.png

Total oil production in the top-8 counties in the Permian Basin.

Only 3 of these counties are responsible for almost all recent growth in production: Lea, Martin & Eddy.

Well productivity

The following overview presents how well results has changed over time in these 3 counties (Lea, Martin, Eddy):

Well-productivity-1.png

Well productivity and completion designs in Lea, Eddy and Martin. Horizontal oil wells since 2015 only.

The top chart shows how well productivity, based on the average cumulative oil recovered in the first 6 months, has changed over time in these 3 counties. Lea County scores the best recent results, with 154 thousand barrels of oil produced in the first 6 months, on average, despite having the shortest laterals and the lowest proppant loadings (see bottom charts).

Top operator

In the final tab (“Top operators”) the production and well positions are displayed for the 15 largest producers in the Permian. Pioneer Natural Resources is with 532 thousand b/d of operated production well above the number 2, EOG (324 thousand b/d).

Finally

Next week, we will have a new post on the Eagle Ford.

Production and completion data are subject to revisions.

Note that a significant portion of production in the Permian comes from vertical wells and/or wells that started production before 2008, which are excluded from these presentations.

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

Follow us on Social Media:

Twitter: @ShaleProfile

LinkedIn: ShaleProfile

Facebook: ShaleProfile

Enno Peters's picture
Thank Enno for the Post!
Energy Central contributors share their experience and insights for the benefit of other Members (like you). Please show them your appreciation by leaving a comment, 'liking' this post, or following this Member.
More posts from this member
Discussions
Spell checking: Press the CTRL or COMMAND key then click on the underlined misspelled word.

No discussions yet. Start a discussion below.

Get Published - Build a Following

The Energy Central Power Industry Network is based on one core idea - power industry professionals helping each other and advancing the industry by sharing and learning from each other.

If you have an experience or insight to share or have learned something from a conference or seminar, your peers and colleagues on Energy Central want to hear about it. It's also easy to share a link to an article you've liked or an industry resource that you think would be helpful.

                 Learn more about posting on Energy Central »