By The Numbers

BY THE NUMBERS

December 6, 2014

Previous update: October 8, 2014

Rigs:

• Active Rigs in ND: 190 (high: 218)
• Post-Record Low: 174

WTI oil: too low -- I don't want to look.
Bakken spot
ND production: #2 in USA

Confidential wells, December 5, 2014: 2,302

• Previous high: 2,287 (September 29, 2014)
• Previous high: 2,177 (December 20, 2013)
• Previous high: 2,137 (October 10, 2013; May 19, 2014)

• July 2012 confidential wells: 151
• August 2012 confidential wells: 156
• October 2012: 147
• November 2012: 181 (record, previous 166)
• December 2012 : 179
• January, 2013: 152 --> 154
• February 2013: 154 --> 175
• March 2013: 180
• April 2013: 173
• May 2013: 168
• June 2013: 152
• July 2013: 152
• August 2013: 158
• September 2013: 186 (record, previous 181)
• October 2013: 199 (record, previous 195)
• November 2013: 153
• December 2013: 170
• January 2014: 217 (this might be a record)
• February 2014: 142
• March 2014: 190
• April 2014: 171
• May 2014: 179
• June 2014: 160
• July 2014: 177
• August 2014: 164
• September 2014: 173
• October 2014: 179
• November 2014: 206
• December 2014: 207
• January 2015: 211
• February 2015: 193
• March 2015:

Permits:

• Permits Issued To Date This Year: 3,000 (December 5, 2014)
• Projected Permits for 2014: 2,964
• Projected Permits for 2013: 2,296
• Total permits in 2013: 2,666; ~ 30 cancelled
• Total Permits in 2012: 2,521; ~ 30 cancelled
• Total Permits in 2011: 1,926

"Whether or not IPs are exaggerated, all things being equal I would prefer my well to have an IP of 5,133 boepd rather than zer0 boepd." -- Mark Twain