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.
