Friday, April 13, 2018

Director's Cut -- February, 2018 Data -- Is Posted -- North Dakota Posts Another Natural Gas Production Record

Link here.

I'm traveling so this will have to wait.

But, the number is: 1,174,769 bopd -- essentially flat from January (1,179,564 bopd).

However, natural gas production increased slightly, setting a new all-time record:
  • February: 2,102,266 MCF/day (350K boepd)
  • January: 2,071,820 MCF/day
Completions:
  • Well completions in February fell to 51 (preliminary) due to weather
  • January completions: 57
  • December completions: 106. So, easily, had weather not been a problem, February production would have exceeded January, 2018, production
  • these are preliminary figures and final February figures might be higher.
DUCs + inactive wells: 2,555
  • that's a lot of DUCs and inactive wells 
  • waiting on completion: 901, up 48 from the end of January to the end of February
  • inactive well count: 1,654, up 100 from the end of January to the end of February
Flaring:
  • statewide, 88% capture
  • statewide, Bakken: 89% capture
  • FBIR Bakken: 87% capture
  • ND goal: 88% capture; increasing to 91% beginning November 1, 2020

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