Thursday, October 13, 2016

North Dakota Crude Oil Production Drops Below One Million BOPD -- August Data -- October 13, 2016

Link here.

Oil production
  • August: 981,039 bopd
  • July: 1,029,734 bopd
  • almost a 50K bopd drop
  • a 4.7% drop in average daily production
Producing wells
  • August: 13, 289 (preliminary)
  • July: 13,265
  • unconventional Bakken-Three Forks wells: 11,226 (84%)
ND sweet crude oil price
  • today: $39.75
  • September: $43.98
  • August: $33.73
  • July: $35.75
Rig count
  • today: 33
  • September: 34
  • August: 33
  • July: 31
Well completions
  • August: 59 (preliminary)
  • July: 44 (final)
DUCs (estimates)
  • today: 888
  • August: 912
Inactive well count (estimates)
  • today: 1,514
  • August: 1,470
Flaring
  • percentage, statewide, of gas flared: 11.4%
  • Tioga gas plant operating at 81% of capacity
  • August Bakken capture rate: 89%
  • daily volume of gas flared from July to August, up 6.5 million cubic feet /day (MMCFD)
  • flaring remains "better" than goals set earlier 

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