Oil and natural gas production from seven of the nation’s most prolific onshore unconventional plays will be down in June compared with May, a second consecutive decline, as the impacts of the coronavirus pandemic continue to echo through the economy, according to the Energy Information Administration (EIA).
Total oil production from the Anadarko, Appalachian and Permian basins, and the Bakken, Eagle Ford, Haynesville and Niobrara formations, is expected to be 7.82 million b/d next month, compared with 8.02 million b/d in May, according to EIA’s latest Drilling Productivity Report (DPR), which was released Monday.
Decreases in oil production in June month/month are expected in the Anadarko (434,000 b/d from 462,000 b/d); Bakken (1.11 million b/d from 1.14 million b/d); Eagle Ford (1.17 million b/d from 1.21 million b/d); Haynesville (36,000 b/d from with 37,000 b/d); Niobrara (636,000 b/d from 660,000 b/d); and Permian (4.29 million b/d from 4.38 million b/d). The Appalachia is expected to remain unchanged at 138,000 b/d, EIA said.
EIA expects natural production to decline month/month in each of the plays, with total production falling to 81.47 Bcf/d, compared with 82.25 bcf/d in May.
The DPR includes forecasts of 6.49 Bcf/d in the Anadarko in June (compared with 6.73 Bcf/d in May); 32.59 Bcf/d in Appalachia (compared with 32.68 Bcf/d); 2.74 Bcf/d in the Bakken (compared with 2.77 Bcf/d); 6.35 Bcf/d in the Eagle Ford (compared with 6.48 Bcf/d); 12.01 Bcf/d in the Haynesville (compared with 12.02 Bcf/d); 5.45 Bcf/d in the Niobrara (compared with 5.53 Bcf/d); and 15.84 Bcf/d in the Permian (compared with 16.05 Bcf/d).
Drilled but uncompleted (DUC) well counts across the Big Seven ended April at 7,617, an increase of 13 from March, EIA said. DUCs increased in five of the seven plays, with the Bakken up by 10 to 898, Eagle Ford up by one to 1,357, the Haynesville up by one to 245, the Niobrara up by seven to 460, and the Permian up by 28 to 3,464.The productivity of new gas wells in the Big Seven plays is expected to increase by 657 Mcf/d in June to 4.52 MMcf/d. At the same time, new well oil production per rig is expected to increase by 64 b/d during the month to 809 b/d.
EIA compiles the DPR using recent U.S. data on the total number of drilling rigs in operation along with estimates of drilling productivity and estimated changes in output from existing wells to provide estimated changes in production.
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