The last director's cut: 640,000 bopd. The production numbers are delayed by about two months.
But then this, with no link to the original source that suggests 800,000 bopd:
Authorities in North Dakota said drillers hit pay dirt in the Bakken formation with nearly every attempt. Production there averages around 800,000 barrels per day, according to some estimates.Does someone know something the rest of us don't -- 800,000 bopd? Monthly production is increasing by about 5% each month, so 640,000 x 1.05 --> 670,000 bopd (June); then, --> 700,000 bopd (July); and, maybe, --> 740,000 bopd (August).
Lynn Helms did say that production was going to jump in the next few months due to a number of additional frack spreads being brought to Williams County to try to clear up the backlog of wells waiting to be completed.
I suppose it's possible that we are already near 800,000 bopd in the Bakken, but it seems a stretch. We won't know for several months.
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RBN Energy: a primer on the five natural gas liquids.
Economy stalls: growth down to 1.5 percent; talk of recession,
The U.S. economy grew at an annual rate of just 1.5 percent from April through June, as Americans cut back sharply on spending. The slowdown in growth adds to worries that the economy could be stalling three years after the recession ended.
Market's response: green. The movers and shakers already knew this
VOG: increases availability of credit facility; up to $20 million
