From The Director's Cut
June, 2017, Data
From Reuters: ND oil production slips about 1% in June. Or they could have said, ND production slipped less than 1% in June.
North Dakota's oil output slipped about 1 percent in June but should remain above 1 million barrels per day for the foreseeable future.
The optimistic outlook comes as the state's shale producers have found a way to survive low oil prices with new technology and process improvements.
North Dakota, the No. 2 U.S. oil-producing state, has largely taken a back seat in the past year as companies in the Permian Basin of Texas and New Mexico - the largest U.S. oilfield - battle with the Organization of the Petroleum Exporting Countries for global energy market dominance.Link here.
The usual disclaimer applies.
- June, 2017: 1,032,495 bopd (9.6% more than in December, 2016)
- May, 2017: 1,040,995 bopd
- Delta: -8,500 bopd; -0.8%
- June, 2017: 13,915 (395 more than in December, 2016)
- May, 2017: 13,885
- Delta: +30; 0.2%
- June, 2017: 109
- May, 2017: 100
- today: $38.25
- June: $34.72
- May: $37.85
- today: 57
- July: 58
- June: 55
- May: 50
- waiting on completion: pending; 865; up 35 from the end of May to the end of June
- estimated inactive well count: 1,458; down 53 from the end of May to the end of June
- June data: including CBR to coastal refineries is more than adequate
- May data: including CBR to coastal refineries is more than adequate (major change in verbiage)
- statewide: 88%
- FBIR: 79%
- goal: 88% through October 31, 2020; then 91%
- comment: the trend continues -- large amount of flaring on BLM land