Friday, September 15, 2017

July, 2017, Data Is Posted -- Director's Cut -- Total North Dakota Crude Oil Production Increases Over 1% Month-Over-Month

Director's Cut for July, 2017, data.

Link here.

Story over at The Bismarck Tribune.
  • the state has 56 drilling rigs operating, compared with 34 at this time last year and 71 at this time two years ago
  • natural gas production increased 1.35 percent to an average of nearly 1.88 billion cubic feet per day, according to the preliminary figures
  • flaring: 12%; unchanged month-over-month
Of interest:
  • total oil production increased a bit month-over-month
  • the number of DUCs also increased month-over-month
  • the number of inactive also increased month-over-month
The usual disclaimer applies.
Oil production
Producing wells:
Permitting
  • July, 2017: 101
  • June, 2017: 109
Oil price:
  • today: $39.75
  • August: $37.93
  • July: $35.83
  • June: $34.72
Rig count:
  • today: 56
  • August: 56
  • July: 58
  • June: 55
Wells not producing:
  • waiting on completion: pending; 889; up 34 from the end of June to the end of July
  • estimated inactive well count: 1,478; up 20 from the end of June to the end of July
Takeaway capacity:
  • July data: including CBR to coastal refineries is more than adequate
  • 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)
Natural gas capture:
  • statewide: 88%
  • FBIR: 82%
  • goal: 88% through October 31, 2020; then 91%
  • comment: the trend continues -- large amount of flaring on BLM land

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