Bakken Production To Hit 1.1 Million BOPD In June -- EIA

Reuters is reporting:

Oil production across U.S. shale fields will likely rise by 75,000 barrels-per-day in June after rising nearly as much in May, monthly estimates from the Energy Information Administration (EIA) showed on Monday.

The largest increase will be recorded in the south Texas Eagle Ford shale, where output will rise by just over 26,000 bpd to about 1.4 million bpd between May and June, according to EIA's drilling productivity report.

Bakken oil production will rise to just under 1.1 million bpd in June, some 22,000 bpd above a month earlier. The Permian basin in West Texas and New Mexico will produce 1.5 million bpd next month, about 21,000 bpd higher than May figures.

Remember: the "Bakken" includes that produced in eastern Montana. Remember, also, North Dakota has some production from formations other than the Bakken, e.g., the Madison and the Red River.

The North Dakota NDIC Director's Cut is due out any day now. His production numbers will be for the month of March, 2014. 

The most recent data available for North Dakota, February, 2014:  951,340 barrels/day (preliminary)(all-time high was 976,453 in 11/13).

Projections, at 2% increase each month --

• March, 2014: 951,340 x 1.02 = 970,367 bopd
• April, 2014: 970,367 x 1.02 = 989,775 bopd
• May, 2014: 989,775x 1.02 =1,009,570 bopd

By the way, back on April14, 2014, someone reported that the Bakken (including both Montana and North Dakota) had already hit the 1-million-bopd milestone.  But I can't recall if that was ALL oil or just Bakken oil. Machts nichts.

****************************

ObamaCare 2015 Premiums Starting To Rollout

CNBCis reporting:

The first suggested Obamacare premium prices for 2015 don't look so scary, but a few states could soon be in for some nasty sticker shock.

Health insurers that are still processing enrollments from Obamacare signups are at the same time setting their premiums for 2015 individual policies—and setting the stage for more debate about the Affordable Care Act.

Virginia and Washington state have disclosed proposed premium rate increases for insurers for 2015, and more states could be following suit this week, according to media reports.

Any hike will be problematic, coming so soon after some folks just signed up.