2020-12-15 14:10:00
U.S. PRODUCTION: OIL (-137) TBD, GAS (-744) MCFD
U.S. EIA - December 14, 2020 - Crude oil production from the major US onshore regions is forecast to decrease 137,000 b/d month-over-month in December from 7,575 to 7,438 thousand barrels/day, gas production to decrease 744 million cubic feet/day from 81,521 to 80,777 million cubic feet/day .
NOTE: The Drilling Productivity Report (DPR) rig productivity metric new-well oil/natural gas production per rig can become unstable during periods of rapid decreases or increases in the number of active rigs and well completions. The metric uses a fixed ratio of estimated total production from new wells divided by the region's monthly rig count, lagged by two months. The metric does not represent new-well oil/natural gas production per newly completed well.
The DPR metric legacy oil/natural gas production change can become unstable during periods of rapid decreases or increases in the volume of well production curtailments or shut-ins. This effect has been observed during winter weather freeze-offs, extreme flooding events, and the 2020 global oil demand contraction. The DPR methodology involves applying smoothing techniques to most of the data series because of inherent noise in the data.
Septeber 2020 Supplement: With low rig counts, the inventory of drilled but uncompleted (DUC) wells provides short-term reserve for completions of new wells.
August 2020 Supplement: Rig counts fall but new-well production per rig rise as new-well production persists.
March 2020 Supplement: Base production accounts for a material share of total U.S. tight oil production.
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Earlier:
2020, December, 14, 12:15:00
U.S. RIGS UP 15 TO 338
U.S. Rig Count is up 15 from last week to 338 , Canada Rig Count is up 9 from last week to 111
2020, December, 10, 12:10:00
U.S. OIL INVENTORIES UP 15.2 MB TO 503.2 MB
U.S. commercial crude oil inventories increased by 15.2 million barrels to 503.2 million barrels
2020, December, 3, 11:40:00
U.S. OIL, GAS M&A
Including completed and announced deals in progress through November 30, asset transactions in the United States and Canada totaled $60 billion,
2020, December, 1, 13:20:00
U.S. GAS PRODUCTION DOWN ANEW
The preliminary level for dry natural gas production in September 2020 was 2,678 billion cubic feet (Bcf), or 89.3 Bcf/d. This level was 5.4 Bcf/d (-5.7%) lower than the September 2019 level of 94.7 Bcf/d.
2020, November, 18, 14:30:00
U.S. OIL PRODUCTION WILL BE 10.6 MBD
By August production of crude oil had risen to 10.6 million b/d in the United States,
