Bakken Region January 2018 Drilling Productivity Report

U. S. Energy Information Administration | Drilling Productivity Report 0 200 400 600 800 1,000 1,200 1,400 2008 2009 20102011 2012 2013 2014 2015 2016...

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Bakken Region

January 2018 drilling data through December projected production through February

Drilling Productivity Report

1,393 1,386

Oil +7 barrels/day month over month

January

barrels/day

Bakken Region New-well oil production per rig barrels/day 1,400

Monthly additions from one average rig

February

Rig count rigs 250

new-well oil production per rig

1,200

200

rig count

1,000

1,700 1,681

February

January

Gas +19 thousand cubic feet/day month over month

thousand cubic feet/day

Bakken Region New-well gas production per rig

Rig count rigs

thousand cubic feet/day 8,400

250

new-well gas production per rig

7,200 6,000

200

rig count

800

150

4,800

150

600

100

3,600

100

2,400

400 50

200

0 0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

50

1,200

0 0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Bakken Region Legacy oil production change

Bakken Region Legacy gas production change

thousand barrels/day 0

million cubic feet/day 0

(10)

(10)

(20)

(20) (30)

(30)

(40)

(40)

(50)

(50)

(60)

(60)

(70)

(70) 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

(80) 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Bakken Region Indicated change in oil production (Feb vs. Jan)

Bakken Region Indicated change in natural gas production (Feb vs. Jan)

thousand barrels/day

million cubic feet/day

75

+67

-59

+8

100

+81

-53

+28

75

50

50 25

25

0

0 Jan 1,207 Mbbl/d

Bakken Region Oil production thousand barrels/day 1,400

Production from new wells

Legacy production change

Net change

Feb 1,215 Mbbl/d

Oil +8 thousand barrels/day month over month

1,200 1,000

800 600 400 200 0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 U. S. Energy Information Administration | Drilling Productivity Report

Jan 2,142 MMcf/d

Production from new wells

Bakken Region Natural gas production million cubic feet/day

Legacy production change

Net change

Feb 2,170 MMcf/d

Gas +28 million cubic feet/day month over month

8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 5