Tuesday, May 2, 2017

Map At NDIC Website Still Unavailable -- May 2, 2017

Active rigs:

Active Rigs492986186190

RBN Energy: Bakken déjà vu all over again -- looming takeaway constraints out of the Permian. Archived.
Put simply, the Permian, which covers parts of West Texas and southeastern New Mexico, has been the engine that has propelled U.S. crude oil production upward. 
Total production from all of the other major shale/tight oil basins—Eagle Ford, SCOOP/STACK, Niobrara, Bakken and Offshore Gulf of Mexico—is down from about 5 MMb/d in 2015 to about 4.3 MMb/d today. The number has been flat for the past six months. 
Crude oil production in the Permian has increased from 1.2 MMb/d in 2012 to 2.2 MMb/d today, with more than 200 Mb/d of that increase happening over the past six months.
And it’s not just crude oil. Natural gas production in the Permian is up 35% over the past three years, with most of that production classified as associated gas that comes along with crude oil. It’s a similar story for natural gas liquids (NGLs), with the Permian now churning out about 750 Mb/d of NGLs from gas processing, or more than 20% of the nation’s total.
But there are potential problems looming on the Permian horizon. There is simply not enough midstream infrastructure to accommodate this astronomical growth.
Even though almost 100 years of oil and gas production have supported the development of thousands of miles of crude, gas and NGL pipelines that crisscross the region, midstream developers are having a hard time keeping up with today’s incredible rate of production increases.
Scott Adams: the North Korean weapons test pattern

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