U.S. Energy Information Administration

U. S. Energy Information Administration | Drilling Productivity Report 0 1,000 2,000 3,000 4,000 5,000 Anadarko Appalachia Bakken Eagle Ford Haynesvil...

4 downloads 482 Views 402KB Size
Independent Statistics & Analysis

U.S. Energy Information Administration

January 2018

Drilling Productivity Report For key tight oil and shale gas regions

Contents Year-over-year summary Anadarko Region Appalachia Region Bakken Region Eagle Ford Region Haynesville Region Niobrara Region Permian Region Explanatory notes Sources

2 3 4 5 6 7 8 9 10 11

Year-over-year summary

January 2018 drilling data through December projected production through February

Drilling Productivity Report New-well oil production per rig

New-well gas production per rig

barrels/day

thousand cubic feet/day February-2017

February-2018

February-2017

3,000

18,000

2,500

15,000

2,000

12,000

1,500

9,000

1,000

6,000

500

3,000

February-2018

0

0 Anadarko

Appalachia

Bakken

Eagle Ford Haynesville

Niobrara

Legacy oil production change

Appalachia

Bakken

Eagle Ford Haynesville

Niobrara

Permian

Legacy gas production change

thousand barrels/day Anadarko

Anadarko

Permian

million cubic feet/day

Appalachia

Bakken

Eagle Ford Haynesville

Niobrara

Permian

0

Anadarko

Appalachia

Bakken

Eagle Ford Haynesville

Niobrara

Permian

0 (100)

(30)

(200)

(60)

(300) (400)

(90)

(500)

(120)

(600) (150) February-2017

(700)

February-2018

February-2017

February-2018

(800)

(180)

Indicated monthly change in oil production (Feb vs. Jan)

Indicated monthly change in gas production (Feb vs. Jan)

thousand barrels/day

million cubic feet/day February-2017

February-2018

February-2017

February-2018

450 400 350 300 250 200 150 100 50 0 -50

120 100

80 60 40 20 0 Anadarko

Appalachia

Bakken

Eagle Ford Haynesville

Niobrara

Appalachia

Bakken

Eagle Ford Haynesville

Niobrara

Permian

Niobrara

Permian

Natural gas production

Oil production

million cubic feet/day

thousand barrels/day

February-2017

5,000

Anadarko

Permian

February-2017

February-2018

February-2018

30,000

4,000

24,000

3,000

18,000

2,000

12,000

1,000

6,000

0

0 Anadarko

Appalachia

Bakken

Eagle Ford Haynesville

Niobrara

Permian

U. S. Energy Information Administration | Drilling Productivity Report

Anadarko Appalachia

Bakken

Eagle Ford Haynesville

2

Anadarko Region

January 2018 drilling data through December projected production through February

Drilling Productivity Report

392 387

Oil +5 barrels/day month over month

January

barrels/day

Anadarko Region New-well oil production per rig barrels/day 800 700

Monthly additions from one average rig

February

Rig count rigs

new-well oil production per rig

300

rig count

2,677 2,660

February January

Gas +17 thousand cubic feet/day month over month

thousand cubic feet/day

Anadarko Region New-well gas production per rig

Rig count rigs new-well gas production per rig 300 rig count

thousand cubic feet/day 4,800

250

4,000

250

200

3,200

200

150

2,400

150

100

1,600

100

600 500 400 300

200 50

100

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

800

50

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

Anadarko Region Legacy oil production change

Anadarko Region Legacy gas production change

thousand barrels/day 0

million cubic feet/day 0 (50)

(10)

(100) (20)

(150)

(200)

(30)

(250) (40)

(300)

(50) 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

(350) 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

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

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

thousand barrels/day

million cubic feet/day

50

+46

-43

+3

400

40

300

30

200

20

100

10

0

0

-100 Jan 488 Mbbl/d

Anadarko Region Oil production thousand barrels/day

Production from new wells

Legacy production change

Net change

Feb 491 Mbbl/d

Oil +3 thousand barrels/day month over month

Jan 6,141 MMcf/d

Production from new wells

Anadarko Region Natural gas production million cubic feet/day

1,000

6,000

800

5,000

600

+316

-327

Legacy production change

-11

Net change

Feb 6,130 MMcf/d

Gas -11 million cubic feet/day month over month

4,000 3,000

400 200

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

2,000 1,000 0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 3

Appalachia Region

January 2018 drilling data through December projected production through February

Drilling Productivity Report

144 144

Oil 0 barrels/day month over month

January

barrels/day

Appalachia Region New-well oil production per rig barrels/day 3,000 2,500

Monthly additions from one average rig

February

Rig count rigs

new-well oil production per rig

180

rig count

February January

14,903 14,730

Gas +173 thousand cubic feet/day month over month

thousand cubic feet/day

Appalachia Region New-well gas production per rig

Rig count rigs

thousand cubic feet/day

18,000

new-well gas production per rig

180

rig count

150

15,000

2,000

120

12,000

120

1,500

90

9,000

90

1,000

60

6,000

60

500

30

3,000

30

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

150

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

Appalachia Region Legacy oil production change

Appalachia Region Legacy gas production change

thousand barrels/day 0

million cubic feet/day 0

(150)

(2)

(300)

(4)

(450) (6)

(600)

(8)

(750)

(10) 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

(900) 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

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

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

thousand barrels/day

million cubic feet/day

15.0

+11

-8

+3

1,200

+1103

-726

+377

900

10.0

600 5.0

300

0.0

0 Jan 113 Mbbl/d

Appalachia Region Oil production thousand barrels/day

Production from new wells

Legacy production change

Net change

Feb 116 Mbbl/d

Oil +3 thousand barrels/day month over month

Jan 26,401 MMcf/d

Appalachia Region Natural gas production million cubic feet/day

5,000

30,000

4,000

25,000

3,000

Production from new wells

Legacy production change

Net change

Feb 26,778 MMcf/d

Gas +377 million cubic feet/day month over month

20,000 15,000

2,000 1,000 0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 U. S. Energy Information Administration | Drilling Productivity Report

10,000

5,000 0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 4

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

Eagle Ford Region

January 2018 drilling data through December projected production through February

Drilling Productivity Report

1,281 1,200

Oil +81 barrels/day month over month

January

barrels/day

Eagle Ford Region New-well oil production per rig

Rig count rigs

barrels/day 1,800

1,500 1,200

Monthly additions from one average rig

February

350

new-well oil production per rig

300

rig count

250 200

900

150

600 300

5,013 4,750

February January

Gas +263 thousand cubic feet/day month over month

thousand cubic feet/day

Eagle Ford Region New-well gas production per rig

Rig count rigs

thousand cubic feet/day

9,000 7,500

350

new-well gas production per rig

300

rig count

250

6,000

200

4,500

150

100

3,000

100

50

1,500

50

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

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

Eagle Ford Region Legacy oil production change

Eagle Ford Region Legacy gas production change

thousand barrels/day 0

million cubic feet/day 0

(20)

(100)

(40)

(200)

(60)

(300)

(80)

(100)

(400)

(120) (500)

(140) (160) 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

(600) 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

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

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

thousand barrels/day

million cubic feet/day

150

+102

-87

+15

500

+399

-353

+46

400 100

300

200

50

100 0

0 Jan 1,242 Mbbl/d

Eagle Ford Region Oil production thousand barrels/day 1,800

Production from new wells

Legacy production change

Net change

Feb 1,257 Mbbl/d

Oil +15 thousand barrels/day month over month

1,500 1,200

Jan 6,396 MMcf/d

Production from new wells

Eagle Ford Region Natural gas production million cubic feet/day

Legacy production change

Net change

Feb 6,442 MMcf/d

Gas +46 million cubic feet/day month over month

10,000 8,000 6,000

900 600 300 0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 U. S. Energy Information Administration | Drilling Productivity Report

4,000 2,000 0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 6

Haynesville Region

January 2018 drilling data through December projected production through February

Drilling Productivity Report

31 31

Oil 0 barrels/day month over month

Monthly additions from one average rig

February January

barrels/day

8,119 8,102

February January

Haynesville Region New-well gas production per rig

barrels/day

thousand cubic feet/day

1,500

rig count

thousand cubic feet/day month over month

thousand cubic feet/day

Haynesville Region New-well oil production per rig

Rig count rigs new-well oil production per rig 300

Gas +17 Rig count rigs 300

new-well gas production per rig rig count

9,000

250

7,500

1,000

200

6,000

200

750

150

4,500

150

500

100

3,000

100

250

50

1,500

50

1,250

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

250

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

Haynesville Region Legacy oil production change

Haynesville Region Legacy gas production change

thousand barrels/day 0

million cubic feet/day 0 (100)

(200)

(1)

(300)

(400) (2)

(500)

(600) (3) 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

(700) 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

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

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

thousand barrels/day 2.0

million cubic feet/day

+2

-2

+0

500

+409

-211

+198

400

1.5

300

1.0

200

0.5

100

0.0

0 Jan 44 Mbbl/d

Haynesville Region Oil production thousand barrels/day 2,000

Production from new wells

Legacy production change

Net change

Feb 44 Mbbl/d

Oil +0 thousand barrels/day month over month

1,600 1,200

Jan 7,676 MMcf/d

Production from new wells

Haynesville Region Natural gas production million cubic feet/day

Legacy production change

Net change

Feb 7,874 MMcf/d

Gas +198 million cubic feet/day month over month

12,000 10,000

8,000 6,000

800

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

4,000

2,000 0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 7

Niobrara Region

January 2018 drilling data through December projected production through February

Drilling Productivity Report

1,132 1,119

Oil +13 barrels/day month over month

January

barrels/day

Niobrara Region New-well oil production per rig barrels/day 1,400 1,200

Monthly additions from one average rig

February

Rig count rigs 140

new-well oil production per rig

4,313 4,290

February January

Gas +23 thousand cubic feet/day month over month

thousand cubic feet/day

Niobrara Region New-well gas production per rig thousand cubic feet/day 8,400

Rig count rigs 140

new-well gas production per rig

120

7,200

100

6,000

800

80

4,800

80

600

60

3,600

60

400

40

2,400

40

200

20

1,200

20

rig count

1,000

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

120

rig count

100

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

Niobrara Region Legacy oil production change

Niobrara Region Legacy gas production change

thousand barrels/day 0

million cubic feet/day 0

(30)

(10)

(60)

(20)

(90) (30)

(120)

(40)

(150)

(50) 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

(180) 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

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

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

thousand barrels/day

million cubic feet/day

80

+49

-43

+6

200

60

150

40

100

20

50

0

+185

-142

+43

0 Jan 550 Mbbl/d

Niobrara Region Oil production thousand barrels/day 1,000

Production from new wells

Legacy production change

Net change

Feb 556 Mbbl/d

Oil +6 thousand barrels/day month over month

800 600

Jan 4,840 MMcf/d

Production from new wells

Niobrara Region Natural gas production million cubic feet/day

Legacy production change

Net change

Feb 4,883 MMcf/d

Gas +43 million cubic feet/day month over month

6,000 5,000

4,000 3,000

400

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

2,000

1,000 0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 8

Permian Region

January 2018 drilling data through December projected production through February

Drilling Productivity Report

632 628

Oil +4 barrels/day month over month

Monthly additions from one average rig

February January

barrels/day

Permian Region New-well oil production per rig barrels/day 800 700

Rig count rigs

new-well oil production per rig

600

rig count

January

400 300

Gas +15 thousand cubic feet/day month over month

thousand cubic feet/day

Permian Region New-well gas production per rig

Rig count rigs

thousand cubic feet/day 4,800

600

new-well gas production per rig

500

4,000

400

3,200

400

300

2,400

300

200

1,600

200

100

800

100

600 500

1,186 1,171

February

500

rig count

200 100

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

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

Permian Region Legacy oil production change

Permian Region Legacy gas production change

thousand barrels/day 0 (20) (40) (60) (80) (100) (120) (140) (160) (180) (200) 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

million cubic feet/day 0

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

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

thousand barrels/day

million cubic feet/day

300 250 200 150 100 50 0

+251

-175

+76

(50) (100) (150) (200) (250) (300) 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

500

+471

-262

+209

400 300

200 100

0 Jan 2,794 Mbbl/d

Permian Region Oil production thousand barrels/day 3,000

Production from new wells

Legacy production change

Net change

Feb 2,870 Mbbl/d

Oil +76 thousand barrels/day month over month

Jan 9,585 MMcf/d

Permian Region Natural gas production million cubic feet/day

15,000

2,000

12,000

1,500

9,000

1,000

6,000

500

3,000

U. S. Energy Information Administration | Drilling Productivity Report

Legacy production change

Net change

Feb 9,794 MMcf/d

Gas +209 million cubic feet/day month over month

18,000

2,500

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

Production from new wells

0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 9

Explanatory notes

January 2018

Drilling Productivity Report 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 oil1 and natural gas2 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 do that.

Monthly additions from one average rig Monthly additions from one average rig represent EIA’s estimate of an average rig’s 3 contribution to production of oil and natural gas from new wells. 4 The estimation of new-well production per rig uses several months of recent historical data on total production from new wells for each field divided by the region's monthly rig count, lagged by two months. 5 Current- and next-month values are listed on the top header. The month-over-month change is listed alongside, with +/- signs and color-coded arrows to highlight the growth or decline in oil (brown) or natural gas (blue). New-well oil/gas production per rig Charts present historical estimated monthly additions from one average rig coupled with the number of total drilling rigs as reported by Baker Hughes. Legacy oil and natural gas production change Charts present EIA’s estimates of total oil and gas production changes from all the wells other than the new wells. The trend is dominated by the well depletion rates, but other circumstances can influence the direction of the change. For example, well freeze-offs or hurricanes can cause production to significantly decline in any given month, resulting in a production increase the next month when production simply returns to normal levels. Projected change in monthly oil/gas production Charts present the combined effects of new-well production and changes to legacy production. Total new-well production is offset by the anticipated change in legacy production to derive the net change in production. The estimated change in production does not reflect external circumstances that can affect the actual rates, such as infrastructure constraints, bad weather, or shut-ins based on environmental or economic issues. Oil/gas production Charts present all oil and natural gas production from both new and legacy wells since 2007. This production is based on all wells reported to the state oil and gas agencies. Where state data are not immediately available, EIA estimates the production based on estimated changes in new-well oil/gas production and the corresponding legacy change. Footnotes: 1. Oil production represents both crude and condensate production from all formations in the region. Production is not limited to tight formations. The regions are defined by all selected counties, which include areas outside of tight oil formations. 2. Gas production represents gross (before processing) gas production from all formations in the region. Production is not limited to shale formations. The regions are defined by all selected counties, which include areas outside of shale formations. 3. The monthly average rig count used in this report is calculated from weekly data on total oil and gas rigs reported by Baker Hughes. 4. A new well is defined as one that began producing for the first time in the previous month. Each well belongs to the new-well category for only one month. Reworked and recompleted wells are excluded from the calculation. 5. Rig count data lag production data because EIA has observed that the best predictor of the number of new wells beginning production in a given month is the count of rigs in operation two months earlier.

U. S. Energy Information Administration | Drilling Productivity Report

10

Sources

January 2018

Drilling Productivity Report The data used in the preparation of this report come from the following sources. EIA is solely responsible for the analysis, calculations, and conclusions. Drilling Info (http://www.drillinginfo.com) Source of production, permit, and spud data for counties associated with this report. Source of real-time rig location to estimate new wells spudded and completed throughout the United States. Baker Hughes (http://www.bakerhughes.com) Source of rig and well counts by county, state, and basin. North Dakota Oil and Gas Division (https://www.dmr.nd.gov/oilgas) Source of well production, permit, and completion data in the counties associated with this report in North Dakota Railroad Commission of Texas (http://www.rrc.state.tx.us) Source of well production, permit, and completion data in the counties associated with this report in Texas Pennsylvania Department of Environmental Protection (https://www.paoilandgasreporting.state.pa.us/publicreports/Modules/Welcome/Welcome.aspx) Source of well production, permit, and completion data in the counties associated with this report in Pennsylvania

West Virginia Department of Environmental Protection (http://www.dep.wv.gov/oil-andgas/Pages/default.aspx) Source of well production, permit, and completion data in the counties associated with this report in West Virginia Colorado Oil and Gas Conservation Commission (http://cogcc.state.co.us) Source of well production, permit, and completion data in the counties associated with this report in Colorado Wyoming Oil and Conservation Commission (http://wogcc.state.wy.us) Source of well production, permit, and completion data in the counties associated with this report in Wyoming Louisiana Department of Natural Resources (http://dnr.louisiana.gov) Source of well production, permit, and completion data in the counties associated with this report in Louisiana Ohio Department of Natural Resources (http://oilandgas.ohiodnr.gov) Source of well production, permit, and completion data in the counties associated with this report in Ohio Oklahoma Corporation Commission (http://www.occeweb.com/og/oghome.htm) Source of well production, permit, and completion data in the counties associated with this report in Oklahoma

U. S. Energy Information Administration | Drilling Productivity Report

11