About Our Apps

BTU Analytics' Production App

At BTU Analytics, we have put some of the tools that we use in our everyday analysis online for public consumption.

Using our Production App is easy. As soon as the page loads, you will see detailed charts containing our base production forecasts for select hydrocarbon producing areas.

You are then able to increase or decrease well counts or type curves for the U.S. and view those changes. Simply click the variable you would like to change, enter a percentage (increases limited to 100%, decreases limited to 50%), and click the "Calculate Scenario" button.

To get access to scenario analysis for all major regions, register a new account here.

As you want to know more, feel free to send us an email at info@btuanalytics.com with the subject "Production App Inquiry".

If you would like to see more on BTU Analytics' upstream views, see our Upstream Outlook service, and of course, don't forget to check out our bi-weekly Energy Market Commentary


BTU Analytics' Completions App

The Completions App allows users to pull data by location or operator as the main filter. Within these two selections, further drill downs are included but not required.

Additionally, any subset of data can be filtered by horizontal drilling, vertical drilling, or both.

By selecting a 'Major US Play', additional sub location options will become available in the 'Step 2' drop-down list. For example, the Eagle Ford is a major US play and 'Western Eagle Ford' and 'Eastern Eagle Ford' are sub locations within that play.

BTU Analytics' groups counties into sub locations of major US oil and gas plays for forecasting and analytical purposes. For further detail or a map of these sub locations, please email info@btuanalytics.com with the subject "Sub Location Map Inquiry".

Sub Locations under the 'Other Lower 48' US Play selection are grouped and ordered by region, not alphabetically.

Clicking ‘Apply’ will update the charts and associated exportable data.

Clicking ‘Reset/All US’ will return the charts to their original values and clean all filters.


Methodology

BTU Analytics’ Production Scenario Analyzer utilizes well level production data as aggregated by Drilling Info from each state, real time drilling activity as reported by RigData, and historical completion data from FracFocus to create peer-leading insights into the future outlook for natural gas, natural gas liquids, and crude oil production. BTU Analytics’ analysts aggregate well production by month of production for 90+ individual sub locations and use their knowledge of play maturity, well inventory, and other factors to create representative type curves from the aggregated well data. Historical production is declined using these curves and production from new drilling is projected into the future using a combination of BTU Analytics’ outlook for commodity pricing, well-by-well play economics, and midstream infrastructure developments. Additionally, BTU Analytics analyzes the historical relationships between the number of new wells drilled by play versus the number of completions in each play to estimate well back-logs in each play and combs through investor presentations for insights into how operators will work through their respective backlog of wells to determine when to expect those wells to be completed and turned to sales.

In the case of this production application only, the All US chart for oil contains oil production from Alaska. However, in the All US dry and gross gas charts, Alaska gas production is excluded from those numbers.

BTU Analytics’ Well Completions Analyzer utilizes FracFocus data to provide an aggregated view of completion metrics across the US at basin, state, county, and operator levels. The FracFocus data set is not complete as not every state in the US requires disclosure to FracFocus (Wyoming and New Mexico are two key states missing), BTU has spent considerable time cleaning, standarzing, and organizing FracFocus 1.0 and FracFocus 2.0 data into useable summary statistics, where the data is available. As part of this standardization, BTU Analytics utilizes supervised machine learning to assist in identification of proppant types and other key disclosures to fill missing gaps in reported data and tie together state well level data with FracFocus. The first generation of BTU Analytics’ Well Completions Analyzer providers calculated lateral lengths for more than 95% of the reported horizontal wells in the FracFocus data, average proppant use per well for more than 90% of reported completions, and estimates total proppant consumption at a basin, state, and county level for 100% of reported completions. BTU Analytics’ average proppant per well calculations do exclude some of our estimated results (about 10% on average) in order to give a clearer picture of individual company metrics.

Due to the voluntary reporting of data to FracFocus, the most current months data may not be complete.