U.S. monthly new-well oil production per rig by region in 2019-2020

Bakken and Eagle Ford recorded the highest monthly new-well oil production per rig in the period of consideration. From August 2019 to December 2019, Bakken was the leading basin, with figures at 1,370 barrels per day. From December 2019 to August 2020, Eagle Ford's new-well oil production per rig increased from 1,339 barrels per day to 2,416 barrels per day, respectively. However, overall, the Permian basin is the most productive region.

Monthly new-well oil production per rig in the United States from August 2019 to August 2020, by basin (in barrels per day)*

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Source

Release date

July 2020

Region

United States

Survey time period

2019 to 2020

Supplementary notes

* The source adds the following information: "(The) 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. 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 metric does not represent new-well oil/natural gas production per newly completed well."

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Statistics on "Oil industry in the United States"

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