Tuesday, May 15, 2018

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

Link here.

Disclaimer: done quickly. There may be typographical and/or factual errors.

The number is: 1,162,071bopd -- down from 1,175,316 in February, 2018.

However, natural gas production increased slightly, setting a new all-time record:
  • March: 2,116,294 MCF/day (353K boepd)
  • February: 2,106,121 MCF/day (351K boepd)
Completions:
  • Well completions in March fell to 65 (preliminary) due to weather.
  • February completions: 77.
  • January completions: 65.
DUCs + inactive wells: 2,555
  • that's a lot of DUCs (915) and inactive wells 
  • waiting on completion: 916, up 15 from the end of February to the end of March
  • inactive well count: 1,653, down 1 from the end of February to the end of March
Flaring:
  • statewide, 88% capture (same as last month)
  • statewide, Bakken: 89% capture (same as last month)
  • FBIR Bakken: 87% capture (worse than last month)
  • ND goal: 88% capture; increasing to 91% beginning November 1, 2020

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