Thursday, September 13, 2012

Fourteen (14) New Permits; ND Oil Production Tops 20 Million Bbls/Month -- New Record; Out-Produced Alaska By 60%

Wells coming off confidential list were reported earlier; results can be accessed at the link near the top in the sidebar at the right.

In addition, these producing wells were completed:
  • 21965, 3,000, BR, Ole Boe 41-14MBH, McKenzie, Haystack Butte, t7/12; cum 4K 7/12; 
  • 22156, 1,766, Whiting, Joy TTT 42-30XH, Mountrail, Sanish, t8/12; cum 00
  • 20386, 999, Murex, David Roger 18-19H, McKenzie, Glass Bluff, t12/11; cum 21K 7/12; 
  • 21778, 328, CLR, Cass 1-9H, Williams, Oliver, t7/12; cum 14K 7/12; 
Comment: unlike the CLR well that had an error in its IP the other day, I can almost guarantee that the 3,000-bbl IP reported by BR is NOT an error. BR is known for some great wells.

Fourteen (14) new permits were issued:
  • Operators: CLR (4), Triangle (4), Whiting (2), WPX, Petro-Hunt, Fidelity, Hess
  • Fields: Big Butte (Mountrail), Ragged Butte (McKenzie), Wolf Bay (Dunn), Pleasant Hill (McKenzie), North Tioga (Burke), Heart River (Stark), Corral Creek (Dunn)

Another Record
Has Out-Produced Alaska For Five Consecutive Months
Out-Produced Alaska by > 60% in July

The graph is pretty spectacular at the link -- North Dakota produces 20 million bbls in July -- sets new monthly record. 
North Dakota produced 62% more oil than Alaska in July, marking the fifth consecutive month that North Dakota has out-produced Alaska. The Peace Garden State surpassed Alaska’s oil production for the first time in March to become the country’s new No. 2 oil state, behind only Texas now.  
The number of oil wells in North Dakota increased to 7,303 in July establishing a new state record for active wells. Over the last year through July, an average of almost seven new oil wells were put into production every business day, and each of those new wells is the equivalent of adding a new $8-10 million business to the state’s economy, see recent CD post for more details. 
I love it.

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