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Thursday, April 13, 2017

Director's Cut; February, 2017, Data Posted; Daily Production Up Over 5% Month-Over-Month; Back Over 1 Million BOPD

Disclaimer: I do these summaries quickly. There are bound to be typographical and factual errors. If this information is important to you, go to the source.

Director's Cut, February, 2017, data has been published

Production
  • February, 2017: 1,034,168 bopd (preliminary)
  • January, 2017: 981,380 bopd 
  • Delta: 52,788 bopd = a 5.4% increase in daily production (for newbies: this is quite amazing for any number of reasons)
Producing wells
  • February: 13,500
  • January, 13,341
Permitting
  • February: 45 oil and gas permits
  • January: 81 oil and gas permits
ND sweet crude price
  • March: $38.13 / bbl
  • February: $42.74 / bbl
  • January: $40.51 / bbl
Rig count
  • March: 46
  • February: 39
  • January: 38
Wells waiting to be completed or inactive:
  • DUCs: 799, down 3
  • estimated number of inactive wells: 1,611, down 67  
Takeaway capacity: still dependent on rail, no comments about DAPL

Gas capture:
  • statewide: 89%
  • FBIR: 83%
  • goal: 85% (now) increasing to 91% by November 1, 2020

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