Oil Production

Oil production in the Bakken Shale during October remained flat month/month at 1.22 million b/d while natural gas output increased by 2% to 89 Bcf, the North Dakota Department of Mineral Resources (DMR) reported Monday. Oil production levels are not likely to grow until 2022, DMR director Lynn Helms said during a monthly webinar. “The…

The downtrend in natural gas production from seven major U.S. producing regions that has persisted for much of 2020 will extend into 2021, according to updated projections from the Energy Information Administration (EIA). Gas production from the Anadarko, Appalachian and Permian basins, as well as from the Bakken, Eagle Ford, Haynesville and Niobrara formations, is…

Houston-based Occidental Petroleum Corp. is expecting to slowly back away in the coming years from its primary oil and natural gas developments to zero in on ways to manage carbon emissions, according to CEO Vicki Hollub. In a recent interview with IHS Markit Vice Chairman Daniel Yergin, Hollub said carbon capture operations could become the…

North Dakota oil and natural gas production shot up in August along with gas capture volumes, but the production surge is expected to fall back and continue declining by the end of the year. Oil production in August topped 36 million bbl (1.16 million b/d), compared with 32.3 million bbl (1.04 million b/d) in July.…

Bakken Shale oil production in North Dakota rebounded in July, topping 1 million b/d, but the state expects output to drop again without higher crude prices and more rigs in operation. Chief oil and gas regulator Lynn Helms during a webinar Tuesday said oil and gas production jumped overall in July month/month by 16.5%. Oil…

Natural gas and oil production is coming back online in the Gulf of Mexico post-Hurricane Laura, but overall output remained down by around 20%, the Bureau of Safety and Environmental Enforcement said Wednesday. Based on reports submitted by 32 operators as of 11:30 a.m. CT, about 19.65% of the natural gas, or 532.55 MMcf/d was…

The U.S. natural gas rig count added one unit to reach 70 for the period ending Friday (Aug. 14), while continued declines in the oil patch saw the overall domestic count slide for the week, according to updated figures from oilfield services (OFS) provider Baker Hughes Co. (BKR). Driven by another week of attrition in…

Calling it a “five-alarm fire,” North Dakota’s chief oil and gas regulator on Friday reported record oil and gas production declines during May among a sea of inactive or under-active Bakken Shale wells. May oil production fell 30% to 26.6 million bbl (858,000 b/d), compared to 36.6 million bbls (1.2 million b/d) in April. Natural…

Surging onshore oil production wrested from wells using unconventional drilling techniques may have reached its maximum level and could decline as producers deal with well interference and “rock quality deterioration.”