Friday, September 13, 2013

Huge Story Is Actually Bigger Than Most Folks Realize

Back in early June, 2013, NDIC was predicting that North Dakota would hit 850,000 bopd by the end of the year. A link at that post will take you to this site in which that prediction was clearly stated:
Oil production from North Dakota's Bakken shale hit a new high in April and could exceed the state's forecast of 850,000 barrels per day by the end of the year, state regulators said on Friday.  -- June 14, 2013.
North Dakota blew through 850,000 bopd at the end of July, 2013, hitting almost 875,000 bopd, easily surpassign the 850,000 bopd number and doing it five months early.

I said at the time: I think the state will hit 850,000 bopd by the end of August (remember: reporting lags two months, so we won't see that figure reported until Halloween). 

The roughnecks and the frack teams beat that by a month. 

What I find most amazing is this: the prediction that we would hit 850,000 bopd by the end of the year was made just a couple of months ago; another indication how fast things are moving.

Again, Lynn Helms stated very clearly in early 2013, that we would be seeing some huge initial production numbers in the summer, 2013. He was very, very accurate.

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On another note: this is nice to see. My data base says there were 276 new oil and gas permits issued in August, 2013. How many did the state say there were? 276. Whoo-ah!

How many for the month of September, as of September 12, 2013? 113.

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