July, 2017, Data Is Posted -- Director's Cut -- Total North Dakota Crude Oil Production Increases Over 1% Month-Over-Month

Director's Cut for July, 2017, data.

Link here.

Story over at The Bismarck Tribune.

• the state has 56 drilling rigs operating, compared with 34 at this time last year and 71 at this time two years ago
• natural gas production increased 1.35 percent to an average of nearly 1.88 billion cubic feet per day, according to the preliminary figures
• flaring: 12%; unchanged month-over-month

Of interest:

• total oil production increased a bit month-over-month
• the number of DUCs also increased month-over-month
• the number of inactive also increased month-over-month

The usual disclaimer applies.
Oil production

• July, 2017:1,047,526
• June, 2017: 1,032,873 bopd (9.6% more than in December, 2016)
• Delta: 14,653 bbl/day increase; +1.4%

Producing wells:

• July, 2017:13,981
• June, 2017: 13,926 (395 more than in December, 2016)
• Delta: an increase of 55; 0.4%

Permitting

• July, 2017: 101
• June, 2017: 109

Oil price:

• today: $39.75
• August: $37.93
• July: $35.83
• June: $34.72

Rig count:

• today: 56
• August: 56
• July: 58
• June: 55

Wells not producing:

• waiting on completion: pending; 889; up 34 from the end of June to the end of July
• estimated inactive well count: 1,478; up 20 from the end of June to the end of July

Takeaway capacity:

• July data: including CBR to coastal refineries is more than adequate
• June data: including CBR to coastal refineries is more than adequate
• May data: including CBR to coastal refineries is more than adequate (major change in verbiage)

Natural gas capture:

• statewide: 88%
• FBIR: 82%
• goal: 88% through October 31, 2020; then 91%
• comment: the trend continues -- large amount of flaring on BLM land