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