Director's Cut: May 25, 2012 -- Bakken Gas Economic

Link here.

First time I've seen this comment in the Director's Cut: "The high liquids content makes gathering and processing of Bakken gas economic."

Production hits all-time high in North Dakota (again):

• Feb, 2012, oil: 558,558 bopd 
• Mar, 2012, oil: 575,490 (NEW all-time high)

• Feb, 2012, producing wells: 6,726 
• Mar, 2012, producing wells: 6,921 (NEW all-time high)

Permitting

• Feb, 2012: 168
• Mar, 2012: 181 (all time high: 245, 2 Nov 10)

Pricing

• Mar, 2012: sweet crude,  $76.29
• Feb, 2012: sweet crude, $83.26
• Jan, 2012: sweet crude, $88.09
• Dec, 2011: sweet crude, $88.75
• Nov, 2011: sweet crude, $88.54

Director's comments:

The 6.5 minute horizontal drilling/hydraulic fracturing video used in the Bakken Basics presentations is available for free at http://www.voyageroil.com/drilling (requires Real Player)

EPA

Lengthy comments on federal regulation of fracking. See linked document.