Monday, December 14, 2020

North Dakota Oil Production Shows Slight Increase Month-Over-Month - Director's Cut -- October, 2020, Data

The NDIC Director's Cut has been posted; you can find it at this link

It should be noted that although North Dakota's crude oil production was unchanged month-over-month, it has had significant increases over the past few months:

Now, for October, 2020, data. This is all preliminary data for October. When the final number is tallied (next month), it will reveal a slight increase in production month-over-month):

Crude oil production:

  • October: 1,222,871 bopd (preliminary)
  • September: 1,223,107 bopd
  • delta: 236 bopd
  • delta: 0.00%

Natural gas production:

  • October: 2,873,654 MCF/day (preliminary)
  • September: 2,815,112 MCF/day

Natural gas capture:

  • October, 93%
  • September, 93%

Rig count:

  • today: 13
  • November: 14 (but may include CS and SWD)
  • October: 14 (ditto)
  • September: 11 (ditto)

Wells

  • October:
    • permitted: 74
    • completed: 59 (preliminary)
    • inactive: 2,934
    • DUCs: 724
    • total off line for operational reasons: 3,658
    • producing: 15,512 (preliminary)
  • September:
    • permitted: 51
    • completed: 43 (preliminary) --> 76 (revised)
    • inactive: 3,749
    • DUCs: 793
    • total off line for operational reasons: 4,542
    • producing: 15,377 (preliminary) --> 15,389 (final)

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Wells

Wells, permitted:

  • November: 52
  • October: 74
  • September: 51

Wells, completed:

  • October: 59 (preliminary)
  • September: 76 (revised)
  • August: 66 (final)

Wells, inactive:

  • October: 2,934
  • September: 3,749

Wells, waiting on completion (DUCs):

  • October: 724
  • September: 793

Wells, producing

  • October: 15,512 (preliminary)
  • September (15,389)

Fracking: the number of well completions has been very volatile since March (2020) as the number of active completion crews decreased from 25 to 1 and now 7 with the CARES incentive.

DUCs and wells off-line for operational reasons are tracked here.

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