Midcontinent Activity Highlights: November 2018

Crude oil production in the U.S. has reached new heights this year largely driven by activity in several oil and gas producing states in the Midcontinent region.

For example, August marked the first time that monthly U.S. crude oil production levels surpassed 11 million barrels per day (bbl/d), according to a report by the Energy Information Administration (EIA).

In August, crude oil production in the U.S. reached 11.2 million bbl/d, outpacing July production of 10.9 million bbl/d. During the month, several Midcontinent states reached record levels of oil production as well—Texas hit a record 4.6 million bbl/d and record highs were also reached in New Mexico and Oklahoma.

Below Hart Energy Activity Editor Larry Prado summarizes recent activity in this resource-rich region including a horizontal producer completed in the Western Anadarko Basin by FourPoint Energy LLC and an extended-lateral discovery by Continental Resources Inc. on the eastern side of the basin.