The North Dakota Department of Mineral Resources has released production numbers for The Bakken and for All North Dakota.
North Dakota surpassed one million barrels per day for the first time. ND production averaged 1,001,149 barrels per day in April while Bakken only production was 937,263 bp/d.
There were 218 additional wells in the Bakken and 225 additional wells in all North Dakota.
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The EIA just released its latest Drilling Productivity Report which is a report on all major shale plays in the U.S. All the data below, unless otherwise noted, is in barrels per day.
The EIA includes the Permian production as shale or light tight oil production. No doubt some tight oil is produced in the Permian but I think most Permian oil is conventional oil.
Total shale oil production from all six shale plays. However I believe perhaps one million barrels of this is conventional production.
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There has been a dearth of oil production data lately so I have been scratching to find something to post. So I have gathered this and that in hopes of making it interesting.
US stocks had the first uptick in nine weeks, gaining 990 kb. (See the slight uptick in the blue line.) But they still stand at their lowest point in 21 months.
Incidentally the EIA’s Weekly Petroleum Status Report had US crude oil production down last week. Their estimate of production went from 8,159 kb/d to 8,052 kb/d. That was the first decline in nine weeks. Of course that is really just a guess by the EIA.
Based on the weekly US production data I have charted US production through Januay 2014. The data through November 2013 is from the EIA’s Monthly Energy Review. The data for December and January is from the Weekly Petroleum Status Report, link above. That data is through January 17th. I have estimated the rest of the month.
The EIA’s latest Drilling Productivity Report is out. Not a lot of changes since we now know that the EIA just guesses at the production for the last five months, August through December, then plugs in their estimate for the next two months, January and February. In the case of the Bakken they say December production was 1,003,578 bp/d and January and February will be 1,025,634 and 1,050,521 bp/d respectively. For Eagle Ford December production, they say, was 1,221,576 bp/d and they expect January and February production to be 1,251,617 and 1,285,224 bp/d respectively.
The below chart shows the Bakken production change from month to month. I have shortened the time displayed in order to better show the month to month change.
Notice the dramatic change in the January report for May, June and July. Obviously they looked at the real data and saw how different it was from what they had previously just plugged in, and made the necessary changes. They are saying that the Bakken had a really good December, slightly better than January, then things turn up again in February.
Here is the same chart for Eagle Ford.
Not such dramatic changes in the Eagle Ford production data. But notice they are expecting an upturn in January and December. We shall see.
The EIA has finally published its International Energy Statistics. The last one had July data. This one is has two months updates, August and September. All the data I publish comes is Crude+Condensate from January 2000 through September 2013.
Again, all data is C+C in thousand barrels per day with the last data point September 2013.
As you can see from the chart World C+C production has leveled out in the last year and one half. September 2013 is slightly lower than February 2012.
There were a couple of major revisions in the July data. Canada was revised down by 269 kb/d while Non-OPEC was revised down by 228 kb/d. There were other small revisions upward. OPEC C+C had no revisions so that left World C+C for July revised down by 228 kb/d.
Both the USA and Canada are on a real tear, owing of course to Light Tight Oil and the Oil Sands. Their combined production is up about 1.9 mb/d since in one year, since last September.
