EIA Dashboards, April 2020 -- The Bakken Still Has Bragging Rights

The EIA dashboards for April, 2020, have just been posted. The links are here:

• EIA pdf, Bakken: https://www.eia.gov/petroleum/drilling/pdf/bakken.pdf
• EIA, pdf, Permian: https://www.eia.gov/petroleum/drilling/pdf/permian.pdf
• EIA, pdf, Eagle Ford: https://www.eia.gov/petroleum/drilling/pdf/eagleford.pdf

The Bakken still has bragging rights.

• the Permian: up 13 bbls, from 677 to 690; up 1.92%
• the Eagle Ford: up 24 bbls, from 1,231to 1,255; up 1.95%
• the Bakken: up 25 bbls, rom 1,249 to 1,274; up 2.0%;

Eagle Ford:

Permian:

Bakken:

Over the next few months, we should expect to see:

• oil production from legacy wells to decline (perhaps significantly);
• oil production from new wells to increase (perhaps significantly)

At 690 bbls / day / per rig of crude oil, the Permian is almost half that of the Bakken. The Bakken is also producing [(2000-1400/1400)] more than 42% more natural gas per rig (new wells) than the Permian.

Look at the jump in crude oil production in new wells per rig during the "trillion-dollar-debacle," 2014 - 2016, when OPEC tried to "break" US shale. It will be interesting if we see a similar jump this year.

Looking forward to May, 2020: