The Director's Cut is posted.
Oil:
November, 20l3: 973,045 bopd (up 2.95% from previous month)
October, 2013: 945,182 bopd
Producing wells:
November, 2013: 10,023
October, 2013: 9, 923
Permitting:
November, 2013: 232
October, 2013: 267
All time high was 370 in 10/2012
Pricing:
Today, 2013: $71.25
December, 2013: $73,47
November, 2013: $71.42
October, 2013: $85.16
Rig count:
Today: 193
December, 2013: 190
November, 2013: 184
October, 2013: 183
Director's comments:
The drilling rig count was unchanged from October to November, but the number of well completions dropped from 166 to 138. NDIC estimates that at the end of November there were about 510 wells waiting to be completed, an increase of 50. The NDIC also notes that the rig count in North Dakota is increasing slowly.
Interestingly, there are now two (2) rigs activity drilling on federal land in the Dakota Prairie Grasslands. It had been zero.
Flaring is back up to 30% (up from 28%) mostly due to the temporary shut-down of the Tioga gas plant on November 25th for expansion. Flaring hit a historical high of 36% in 09/11.
I track projected estimates of future oil production at this site.
Do you have any idea what's with the production data for Wells County displayed on page 2 of the latest (November 2013) monthly oil and gas production report (available at https://www.dmr.nd.gov/oilgas/mprindex.asp)? Apparently there was a newly productive gas well there in November, and a rather decent one at that, but I hadn't heard about any drilling there, nor can I find any additional information within the report or on the NDIC GIS map server. As far as I can tell, while also appreciating the irony, there should be no active wells in Wells County.
ReplyDeleteOn another note, 1,000,000 bpd within North Dakota. Either that level has been reached or could feasibly be reached any day now. For the former to be true, an average of about 600 bpd need to have been added each day since the end of November,
I looked fairly long and hard and couldn't find it. I don't see it on the GIS map server. I will continue to look. I also didn't find it in the report except on the 2nd page as you noted, but it was very difficult to search for it, so I probably missed it. I will continue to see if I can find it.
DeleteYes, I agree. We must be very, very close to 1,000,000 bopd in North Dakota. The November production figures will be revised upward slightly, I assume, and then not much more after that.