August, 2017, Data Is Posted -- Director's Cut -- Total North Dakota Crude Oil Production Increased A Whopping 3.5% Month-Over-Month

Director's Cut for August, 2017, data.

Link here.

Story over at The Bismarck Tribune, data points:

• The Bismark Tribune calls the increase slight; in raw numbers, the increase is slight but the percentage increase is quite remarkable; again, younger generation does not understand percentages
• the natural gas capture statistic on BLM land has worsened significantly; it was remiss by the Tribune to not mention this
• the Tribune did not mention that the number of DUCs and wells shut-in for various reasons totals almost 2,400 wells

The usual disclaimer applies. I do "this" quickly and there will be typographical and factual errors. If this is important to you, go to the source.

Oil production

• August, 2017: 1,0084,690
• July, 2017: 1,048,099
• Delta: 36,591 bbl/day increase; +3.5%
• compare with previous month -- last month (July, 2017), the delta: 14,653 bbl/day increase; +1.4%

Producing wells:

• August, 2017: 14,080 (preliminary, if it holds, new all-time high)
• July, 2017:13,992
• Delta: an increase of 88 wells; 0.4% increase
• compare with previous month --- last month (July, 2017), the delta: an increase of 55; 0.6%

Permitting

• September, 2017: 104
• August, 2017: 101
• July, 2017: 146 (huge jump)

Oil price:

• today: $41.50
• September: $39.56
• August: $37.93
• July: $35.83
• June: $34.72

Rig count:

• today: 57
• September: 56
• August: 56
• July: 58
• June: 55

Wells not producing:

• waiting on completion: 863; down 26 from the end of July to the end of August
• estimated inactive well count: 1,498; up 20 from the end of July to the end of August

Takeaway capacity:

• August data: including CBR to coastal refineries is more than adequate
• 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: 86% (trending down)
• FBIR: 77% (huge disappointment; was 82% last month)
• goal: 88% through October 31, 2020; then 91%
• comment: the trend has worsened -- large amount of flaring on BLM land