Director's Cut With June, 2016, Data -- August 12, 2016

Link here. Lots of new federal rules, proposed and existing.

Crude oil production:

• June: 1,026,584 bopd
• May: 1,047,003 bopd
• Delta: -1.95%

Producing wells:

• June: 13,239
• May: 13,171

Crude oil production / well:

• June: 77.5
• May: 79.5
• For newbies: at the height of the boom, production per well in North Dakota had approached 100 bbls/day; unfettered, wells can easily move back to 100+ bbls/day; this gives one an idea of how much wells have been choked back or take off-line periodically.

Permitting:

• July: 86
• June: 65
• May: 42

Pricing:

• Today: $32.25
• July: $35.57
• June: $38.75
• May: $33.74

Well completions:

• June: 44
• May: 45
• In July, 2016, 49 wells came off the confidential list - so it appears, the drilling and completing is about equal; the reason DUCs continue to fall is because fewer wells are being drilled to begin with; and, as noted, fracking continues

DUCs:

• Today: 887
• End of June: 931

Inactive well count:

• Today: 1,486
• End of June: 1,584

Percentage of gas flared: 9.8%

• Target: 91% capture rate by November 1, 2020
• Tioga gas plant still at only 81% capacity
• gas gathering project south of Lake Sakakawea now estimated completion in January, 2017 -- not long from now -- but huge bureaucratic delay