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Sunday, May 27, 2012

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.
at