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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

2 comments:

  1. AnonymousMay 27, 2012 at 10:05 PM

    The video on drilling and fracturing was very interesting especially for those of us new to this industry. We had an idea of the process but this detailed what actually happens. Thanks from Aurora, IL.

    ReplyDelete
    Replies
    1. Bruce OksolMay 27, 2012 at 10:05 PM

      Thank you for visiting and taking the time to comment.

      I think "we" are in for a very exciting year in the Bakken.

      Delete

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