Director's Cut: April 16, 2013, For The Month of February, 2013

New production numbers are preliminary and subject to revision.

New all-time high for production: 778,176 bopd -- compare to January: 737,787 bopd. That's a five percent increase.

The number of producing wells is also at a new all-time high: 8,492

Permitting:

• March: 218
• February: 185
• January: 218

Comments:

The number of completions is well above the threshold needed to maintain production so oil production rate rose sharply, up 5.6%. The number of well completions doubled in February, over January, to 170.

The NDIC estimates that at the end of January there were about 375 wells waiting on completion.

One can find the Director's Cut at the NDIC home page.