Director's Cut Is Out; Data For January, 2015; Number Of Wells Waiting To Be Fracked Rises Significantly From Last Summer; Production Decreases Slightly; Flaring Target In Sight -- March 12, 2015

Link here.

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

Oil:

• January, 2015: 1,190,490 (preliminary -- all time high was last month)
• December, 2014: revised, 1,227,483 (preliminary - 1,227,344 bopd - preliminary, new all-time high)
• delta: 36,993 bopd; decrease of 3%.

Producing wells: 

• January, 2015: 12,181 (preliminary -- new all-time high)
• December, 2014: 12,134 (preliminary, new all-time high)
• November, 2014: 11,951 (revised); 11,942 (preliminary, new all-time high)
• October, 2014: 11,892; revised 11,942 (preliminary, new all-time high)
• September, 2014: 11,758 (revised); 11,741 (preliminary; new all-time high)
• August, 2014: 11,565
• July, 2014: 11,293

Permitting:

• February, 2015: 197
• January, 2015: 246
• December, 2014: 251
• November, 2014: 235
• October, 2014: 328
• September, 2014: 261
• August, 2014: 273
• July, 2014: 265
• All-time high was 370 in 10/2012
  

Pricing:

• Today, 2015: $32.00 (lowest since February, 2009, and January, 2015) (all-time high was $136.29 7/3/2008)
• February, 2015: $34.11
• January, 2015: $31.41
• December, 2014: $40.74
• November, 2014: $60.61
• October, 2014: $68.94
• Sept, 2014: $74.85
• August, 2014: $78.46

Rig count:

• Today: 111 (lowest since April 2010) (all time high was 218 on 5/29/2012) 
• February: 133
• January: 160
• December, 2014: 181
• November, 2014: 188
• October, 2014: 191
• Sept, 2014: 193
• August, 2014: 193
• July, 2014:  192

Director's comments:

Drilling rig count:

• dropped 7 from November to December
• dropped 21 from December to January
• dropped 23 from January to today

Well completions:

• December: 173 (preliminary)
• November: 48

Weather:

• no major precipitation events
• only 5 days with wind speeds in excess of 35 mph (too high for completion work)
• 8 days with temperatures below -10F

Wells waiting to be completed:

• Today's (March, 2015) Director's Cut -- 825 wells -- an increase of 75
• Previous Director's Cut -- 750, a decrease of 25
• Red Queen: 115 completions per month to maintain 1.2 million bopd

Flaring:

• decreased to 22%
• Tioga gas plant increased to 80% of full capacity
• expansion of gas gathering from south of Lake Sakakawea is still delayed

Gas capture statistics:

• statewide: 78% (October 2014 target was 74%; January 2015 capture target is 77%)
• FBIR: 79% (up from 77% last month)