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

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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