Wednesday, October 10, 2012

701,134 BOPD; Represents Almost Four (4) Percent Increase

https://www.dmr.nd.gov/oilgas/mpr/2012_08.pdf

Aug numbers are out: 701,134 bbl s per day.

CarpeDiem.com does a better job than I describing the significance of all this.

August production: 21,735,166 bbls / 31 --> 701,134 bopd
July production: 20,963,713 bbls / 31 --> 676,249 bopd


701,134 - 676,249 = 24,885 bbls / 676,249 --> 3.68% increase

7,701 producing wells -- 91 bbls/day

What surprises me the most? From CarpeDiem.com: North Dakota produced 73% more oil than Alaska in August. That's pretty impressive.