New Drilling Productivity Report

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dan_s
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Joined: Fri Apr 23, 2010 8:22 am

New Drilling Productivity Report

Post by dan_s »

Go here: http://www.eia.gov/petroleum/drilling/#tabs-summary-2

This report covers the seven major producing regions in the U.S., which account for about 60% of current U.S. oil & gas production.

Keep in mind that outside of these seven regions, the only area with any meaningful drilling & completion activity today is SCOOP/STACK in Central Oklahoma.

Crude oil production: The EIA’s estimate for crude is for a decline of 99,314 b/d in August to 4.553 million b/d across the seven major shale basins. This is on top of total downward revisions of ~69,000 b/d for July, June, May as well as a 109,000 b/d downward revision to April figures. In August Eagle Ford is expected to account for 48,000 b/d of the decline and Bakken 32,000 b/d. The total August US shale production forecast is 739,105 B/d below August of 2015.
Dan Steffens
Energy Prospectus Group
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