Skip to content
800-884-8290

|

Client Login

|

Open an Account
  • About Us
  • Services
    • Futures & Options Brokerage
    • Organic Grain Swaps
    • Margin Management
    • Commodity Marketing Education
    • Consulting & Insurance
  • Research
    • Dairy
    • Livestock
    • Grain & Oilseeds
    • Ethanol & Biodiesel
  • Account
  • Quotes
  • Contact Us

EIA Drilling Productivity Report Update – Nov ’20

  • November 17, 2020
  • by Belinda Przybylski
According to the EIA’s most recent Drilling Productivity Report, U.S. oil output is expected to decline to a six month low level throughout the month of December. The Drilling Productivity Report uses recent data on the total number of drilling rigs in operation, estimates of drilling productivity, and estimated changes in production from existing wells to provide estimated changes in oil production for the seven key regions shown below. Nov ’20 production levels were revised 39,000 barrels per day (bpd), or 0.5%, below levels previously forecasted, finishing 125,000 bpd, or 1.6%, below Oct ’20 production levels. Dec ’20 production levels are expected to decline an additional 139,000 bpd, or 1.8%, from the Nov ’20 revised production levels, reaching a six month low level. The Dec ’20 projected month-over-month decline in oil production would be the third experienced in a row and the largest experienced throughout the past seven months. Record large month-over-month declines in oil production were experienced throughout the months of April and May. Oil production is expected to decline most significantly from the previous month within the Permian (-37,000 bpd), Bakken (-32,500 bpd) and Eagle Ford (-27,000 bpd) regions. The expected declines in Permian, Bakken and Eagle Ford production levels accounted for over two thirds of the total expected decline in production. Dec ’20 oil production is expected to remain lower on a YOY basis for the eighth consecutive month, finishing 17.9% below previous year levels. The projected YOY decline in Dec ’20 oil production would be the second largest on record, trailing only the May ’20 decline. Oct ’20 U.S. drilled-but-uncompleted (DUC) wells declined 1.1% from the previous month, reaching a 22 month low level, overall. DUC wells, which have been drilled by producers but have not yet been made ready for production, have been compiled since Dec ’13. Anadarko DUC wells declined most significantly from the previous month throughout Oct ’20, followed by Eagle Ford and Bakken DUC wells. Anadarko DUC wells declined to a 43 month low level, overall.  
DDGS Price & Value Update – Nov ’20
Weekly Ethanol Update – 11/18/20
Dairy
Ethanol
Livestock
Grain

Recent Ethanol & Biodiesel Research

  • Ethanol Exports – Oct’22
  • Weekly Petroleum Stocks Update – 10/14/22
  • Weekly Ethanol Update – 08/05/22
  • Weekly Ethanol Update – 5/25/22
  • EIA Drilling Productivity Report Update – May ’22
Atten Babler Commodities LLC
11406 US Route 20 W
Galena, IL 61036
800-884-8290
Privacy Policy
Futures, options and swaps brokerage is provided through Atten Babler Commodities LLC. The risk of loss in trading commodity futures and options and swaps is substantial. Swaps trading should only be undertaken by investors who are Eligible Contract Participants (ECPs) within the meaning of Section 1a(18) of the Commodity Exchange Act. Before trading, you should carefully consider your financial position to determine if futures, options or swaps trading is appropriate. When trading futures, options or swaps, it is possible to lose more than the full value of your account. All funds committed should be risk capital. Past performance is not necessarily indicative of future results. Atten Babler Commodities LLC use sources that they believe to be reliable, but they cannot warrant the accuracy of any of the data included in this site. Opinions and market data are subject to change at any time. Unless otherwise stated the information contained herein is meant for informational purposes only and is not a solicitation to buy futures or options or swaps.
© Copyright 2023 Atten Babler Commodities LLC