The October, 2014, Director's Cut Is Out -- North Dakota Bakken Has Now Produced One (1) Billion Barrels Of Crude Oil

I often make typographical and factual errors; if this information is important to you, go to the source, generally the NDIC.

Link here.

Only 6% of North Dakota oil is coming from legacy conventional pools.

A 1.6% increase month-over-month (the daily bopd).

Disclaimer: this update is always done in haste; typographical errors are likely. This is for my use only. Others should go to the source. 

Oil:

• August, 2014: 1,132,331 bopd (preliminary; new all-time high)
• July, 2014: revised, 1,114,421 bopd
• July, 2014: 1,110,642 bopd (initial report)
• delta: 17,910 (daily bopd)
• 17,910 / 1,114,421 = 1.6%

Producing wells: 

• August, 2014: 11,563 (new all-time high)
• July, 2014: 11,293
• June, 2014: 11,079  
• May, 2014: 10,902

Permitting:

• September, 2014: 261
• August, 2014: 273
• July, 2014: 265
• June, 2014: 247
• All-time high was 370 in 10/2012
  

Pricing:

• Today, 2014: $66.25
• Sept, 2014: $74.50
• August, 2014: $78.46
• July, 2014: $86.20

Rig count:

• Today: 190 (all time high was 218 on 5/29/2012)
• Sept, 2014: 195
• August, 2014: 193
• July, 2014:  192
• June, 2014: 190

Director's comments:

• well completions increased from 197 in July to 270 in August with summer weather
• drillers DID NOT outpace the completion crews: number of wells waiting completion (end of July) : 600 (a decrease of 30)
• rig count in the Williston Basin is no longer increasing
• US natural gas storage:  11% below five-year average
• percentage of natural gas flared in North Dakota:  27% (up 1% from last month)
• NDIC now breaks down location of captured gas: statewide (72%); statewide Bakken (72.5%); non-FBIR Bakken (74.4%); FBIR Bakken (64.5%)

EPA now looking to expand control/regulation of North Dakota oil and gas industry through "back  door" (my words, not NDIC words).