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U.S. Tight Oil Production May 2016

The total production of Tight oil in the United States in the month of May 2016 was 4,22MMbbl per day being the main producing fields Eagle Ford with 1,19MMbbl/d, Bakken with 0,99MMbbl/d, Spraberry with 0,69MMbbl/d, Wolfcamp with 0,33MMbbl/d, Niobra-Codell with 0,29MMbbl/d and Bonespring with 0,27MMbbl/d according to the monthly report submitted by the EIA. These six shale plays produce 89,7% of the total Tight Oil production in the U.S.

U.S. Tight Oil production May 2016, Marcellus, Eagle Ford, Spraberry, Haynesville, Wolfcamp, Niob,Bakken, EIA, Allaboutshale.com, Emanuel Martin

U.S.  Historical Production of Tight Oil:

The historical production of Tight Oil in the United States had a smooth beginning with a constant production during the first years and since 2005 the implementation of the horizontal drilling combined with hydraulic fracturing technology multi-stage impulse the growth of production. The recovery in the oil price from January 2009 produced a constant and aggressive increase in drilling activity in all Tight Oil Fields achieving an eight-fold increase in crude production in only six years from 0,57MMbbl/d in January 2009 to a maximum value of 4, 68MMbbl/d in March 2015 From this value the oil production has begun to decline month after month as a result of the great disinvestment produced in the drilling of new wells from August 2014 after the barrel price fall.

U.S. Tight Oil production May 2016, Marcellus, Eagle Ford, Spraberry, Haynesville, Wolfcamp, Niob,Bakken, EIA, Allaboutshale.com, Emanuel Martin

Historical Production of Tight Oil by Play:

 

 

Eagle Ford

 

The Eagle Ford Tigh Oil Play is the biggest tight oil producer in the U.S. It’s located in the Texas State and is divided in three areas: dry gas, gas condensate and oil. There are more than 200 companies working in the play in 2016.The average EUR ranging from 23Mbbl/well to 365Mbbl/well between counties (EIA 2014) and the well cost is $7,5 million dollars on average (Devon 2015). The large-scale development of the play began in 2010 from which it had a sustained growth reaching a maximum production of 1,63MMbbl/d in March 2015 and since this month it started to decline having a current production of 1,20MMbbl/d in May of this year.

U.S. Tight Oil production, Marcellus, Eagle Ford, Spraberry, Haynesville, Wolfcamp, Niobrara,Bakken, EIA, Allaboutshale.com, Emanuel Martin

Bakken

 

The Bakken Tight Oil Play is the second biggest tight oil producer in the U.S. It’s located in the North Dakota and Montana States. There were 20 companies working in 2008 in the play. The average EUR ranging from 208Mbbl/wel to 426Mbbl/well between counties (Drillinginfo 2015) and the average cost per well is $8,6 million dollar at the end of 2013 according to the Hess Oil   Company. The large-scale development of the play began in 2005 from which it had a sustained growth reaching a maximum production of 1,20MMbbl/d in June 2015 and since this month it started to decline having a current production of 1,00MMbbl/d in May of this year.

U.S. Tight Oil production, Marcellus, Eagle Ford, Spraberry, Haynesville, Wolfcamp, Niobrara,Bakken, EIA, Allaboutshale.com, Emanuel Martin

Spraberry

 

The Spraberry Tight Oil Play is the third biggest tight oil producer in the U.S. It’s located in the Texas State . The average EUR ranging from 100Mboe/wel to 140Mboe/well in vertical wells between counties (Drillinginfo 2015) and 350Mboe/well to 500Mboe/well in horizontal wells between counties (Pioneer). The average cost per well is $1,4 million dollar (vertical well) and $6 million dollar (horizontal well) according to Pioneer in 2011.  The large-scale development of the play began in 2010 from which it has maintained a sustained growth reaching a current production of 0,69MMBcf/day in May of this year.

U.S. Tight Oil production, Marcellus, Eagle Ford, Spraberry, Haynesville, Wolfcamp, Niobrara,Bakken, EIA, Allaboutshale.com, Emanuel Martin

Wolfcamp

 

The Wolfcamp Tight Oil Play is the fourth biggest tight oil producer in the U.S, It’s located in the Texas and New Mexico States and there are around 11 companies working in the field. The average EUR ranging from 96MBOE/well to 381MBOE/well between counties (Drilling Info and Labyrinth Consulting Services, Inc.) and the average cost per well is $7 million dollar. The large-scale development of the play began in 2011 from which it has maintained a sustained growth reaching a current production of 0,32MMBcf/day in May of this year.

U.S. Tight Oil production, Marcellus, Eagle Ford, Spraberry, Haynesville, Wolfcamp, Niobrara,Bakken, EIA, Allaboutshale.com, Emanuel Martin

Niobrara-Codell

 

The Niobrara-Codell Tight Oil Play is the fifth biggest tight oil producer in the U.S. It’s located in Colorado and Wyoming States and there were more than 20 actives companies in 2014. The average EUR ranging from 430MBOE/well in Niobrara formation to 695MBOE/well in Codell Formation (Wunderlich Securities, Inc, 2014) and the average cost per well ranging from $3,0 million dollar to $9,0 million dollar depending of the lateral length of the well and the formation to drill: Niobrara A, Nibrara B, Niobrara C and Codell (Bonanza Creek Energy 2015, Wunderlich Securities, Inc, 2014) . The large-scale development of the play began in 2010 from which it had a sustained growth reaching a maximum production of 0,335MMbbl/d in January 2015 and since this month it started to decline having a current production of 0,294MMbbl/d in May of this year.

U.S. Tight Oil production, Marcellus, Eagle Ford, Spraberry, Haynesville, Wolfcamp, Niobrara,Bakken, EIA, Allaboutshale.com, Emanuel Martin

Bonespring

 

The Bonespring Tight Oil Play is the sixth biggest tight oil producer in the U.S, It’s located in the Texas and New Mexico States. The average EUR ranging from 186MBOE/well to 341MBOE/well between counties (Drilling Info and Labyrinth Consulting Services, Inc.) and the average cost per well is $7 million dollar (Energen and Devon 2015). The large-scale development of the play began in 2010 from which it had a sustained growth reaching a maximum production of 0,275MMbbl/d in April 2016 and since this month it started to decline having a current production of 0,274MMbbl/d in May of this year.

U.S. Tight Oil production, Marcellus, Eagle Ford, Spraberry, Haynesville, Wolfcamp, Niobrara,Bakken, EIA, Allaboutshale.com, Emanuel Martin

Utica

 

The Utica Tight Oil Play is the seventh biggest tight oil producer in the U.S. It’s located in the Ohio, Pennsylvania and West Virginia States (active areas) and there are more than 23 companies working in the play.  The average EUR ranging from 34MBOE/well to 86MBOE/well between counties (National Assessment of Oil and Gas 2012). The large-scale development of the play began in 2012 from which it had a sustained growth reaching a maximum production of  80,2Mbbl/d in April 2016 and since this month it started to decline having a current production of 79,8Mbbl/d in May of this year.

U.S. Tight Oil production, Marcellus, Eagle Ford, Spraberry, Haynesville, Wolfcamp, Niobrara,Bakken, EIA, Allaboutshale.com, Emanuel Martin

U.S. Tight Oil Production per Month and Play.

U.S. Tight Oil production, Marcellus, Eagle Ford, Spraberry, Haynesville, Wolfcamp, Niobrara,Bakken, EIA, Allaboutshale.com, Emanuel Martin

AUTHOR: Emanuel Martin, Petroleum Engineer.

 

 

Source:

www.eia.gov

              http://www.naturalgasintel.com/uticainfo

              http://www.beg.utexas.edu/starr/PDF/STARR_Report_2014.pdf

              http://www.devonenergy.com (Q2 2015 OPERATIONS REPORT)

              http://www.artberman.com/permian-basin-break-even-price-is-61-the-best-of-a-bad-lot/

              http://digitalcommons.mtu.edu/cgi/viewcontent.cgi?article=1868&context=etds

 

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