“This latest batch of fracking activity confirms our belief that prospects look promising for US shale production in the second half of the year. This surge was supported especially by the “Big Three” oil plays (Permian, Eagle Ford and Bakken) and the SCOOP/STACK play in Oklahoma. The tides turned in June with an increase of five wells per day across all major shale-producing regions in the US. Rystad Energy is able to confirm this relatively recent upward trend after dissecting the latest data from the FracFocus Chemical Disclosure Registry, to which operators report their wells and fracking activity.Īverage fracking activity in the US was rather flat over the spring months, with just a single well per day increase in both March and April 2019, followed by a decline of two wells per day in May. “This puts fracking in June just one daily well short of reaching the all-time high rate that was achieved in August 2018, when 50 wells were fracked across the US,” Shulzhuk added. Looking at the US as a whole, fracking operations across the nation saw a strong recovery in June 2019 with 49 wells fracked per day, up by five daily wells since May 2019. “According to our latest estimate, fracked wells totaled 339 in June 2019, constituting a whopping 70% growth since the first quarter of 2019, when an average of 200 wells were fracked per month.”
Number of fracked wells in the us driver#
“The Midland platform has undoubtedly been the driver of this upwards trend with consistent month-over-month increases,” says Oleksii Shulzhuk, senior analyst on Rystad Energy’s shale team. Previously, fracking in the Permian peaked at approximately 520 wells fracked in August 2018, while the peak daily rate was reached in February earlier this year. Rystad Energy estimates there were as many as 18 wells fracked per day across the entire Permian Basin, or almost 550 wells during the month of June. The prolific shale basin in Texas and parts of New Mexico in the US has reached new heights in terms of the number of fracked wells – both on a daily basis and in terms of absolute monthly wells.
tight oil production.Hydraulic fracturing operations in the Permian shattered old records in June, according to Rystad Energy. March 2020 Supplement: Base production accounts for a material share of total U.S. August 2020 Supplement: Rig counts fall but new-well production per rig rise as new-well production persists. September 2020 Supplement: With low rig counts, the inventory of drilled but uncompleted (DUC) wells provides short-term reserve for completions of new wells. January 2021 Supplement: Base production in North Dakota has fully recovered after a significant reduction.
September 2021 Supplement: Gas-to-oil ratios in U.S.
Number of fracked wells in the us series#
The DPR methodology involves applying smoothing techniques to most of the data series because of inherent noise in the data. This effect has been observed during winter weather freeze-offs, extreme flooding events, and the 2020 global oil demand contraction. 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.
The metric does not represent new-well oil/natural gas production per newly completed well. 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 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.
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