Friday, March 29, 2019

Bakken: #1 In NGPL Yield Among US Shale Plays -- March 29, 2019

As I've said many, many times: the Bakken never fails to amaze me.


Look at this graphic:

  • this is liquid production comparing six named production areas and the rest of the nation
  • the Permian goes from slightly less than 0.5 to about 0.80 million bpd
  • Eagle Ford has huge increase on a percentage basis and despite its small footprint compares nicely with the Permian
  • Anadarko: pretty much unchanged, but still, significant production
  • northern Appalachia, from "zero" just a few years ago, now a major player
  • Western Rockies: decreasing (regulatory issues?)
  • but look at the Bakken. Wow! From almost zero back in 2012, now a significant player
"A significant player." Wow, what an understatement on my behalf. Wow.

This is absolutely incredible. Look at this. Just hours after posting the above graphic, EIA posts this graphic:

From EIA's glossary:
Natural gas plant liquids (NGPL): Those hydrocarbons in natural gas that are separated as liquids at natural gas processing, fractionating, and cycling plants. Products obtained include ethane, liquefied petroleum gases (propane, normal butane, and isobutane), and natural gasoline. Component products may be fractionated or mixed. Lease condensate and plant condensate are excluded.
Note: Some EIA publications categorize NGPL production as field production, in accordance with definitions used prior to January 2014.
Natural gas plant liquids (NGPL) production: The extraction of gas plant liquids constituents such as ethane, propane, normal butane, isobutane, and natural gasoline, sometimes referred to as extraction loss. Usually reported in barrels or gallons, but may be reported in cubic feet for purposes of comparison with dry natural gas volumes.
I do not know if there is a difference between NGL and NGPL (natural gas liquids and natural gas plant liquids). For purposes of this discussion, probably not. 

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