Although the number of DUCs decreased a bit month-over-month in December, 2016, the number of inactive wells increased by 54, now up to 1,573.
A newly fracked well might produce 20,000 - 40,000 bbls for the first full month. Inactive wells, more than a year old, are probably producing in the range of 1,000 to 3,000 bbls/ month.
Back of the envelope:
- 20 new wells unfracked, due to weather, other reasons: 400,000 bbls/month (13,000 bopd)
- 54 additional wells go inactive: 108,000 bbls/month (3,500 bopd)
****************************
The Director's Cut
February, 2017
DUCs: 807, down 32 from previous report.
Results of the poll in which readers were asked whether they thought DUCs would increase/decrease in number month-over-month:Total daily production decreased since previous report:
- more DUCs: 55%
- fewer DUCs: 45%
- December, 2016: 942,455 bopd
- November, 2016: 1,034,484 bopd
- Delta: 92,029 bopd
- Delta: - 8.8%
- December, 2016: 13,337 (preliminary, all-time high was the previous month, November, 2016, at 13,520)
- November, 2016: 13,520
- December, 2016: 81 drilling
- November, 2016: 76 drilling
- Today: $42.50
- January, 2017: $40.75
- December, 2016: $39.93
- November, 2016: $34.58
- January, 2017: 38
- December, 2016: 40
- November, 2016: 37
Weather:
- Fifteen (15) days with winds too strong for completion work (greater than 35 mph)
- Nine (9) days with temperatures below -10 degrees F.
- That was in December; more of the same is predicted for January, 2017.
Flaring: statewide - 14%; FBIR - 16%
Natural gas capture rate: statewide - 86%; FBIR - 84%
- current mandate: 85% - November 1, 2016 - October 31, 2018
- future mandate: 88% - November, 2018 - October 31, 2020
- beginning November 1, 2020: 91%
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.