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Friday, June 15, 2018

Wow, Wow, Wow -- June 15, 2018 -- The Bakken Is Setting New Records -- Ahead Of Forecasts

I did not see any television today. I am unable to access the NDIC. But look at this. From The Bismarck Tribune:
North Dakota oil production jumped 5.4 percent in April to more than 1.2 million barrels per day, coming in just shy of the state’s record.
Director of Mineral Resources Lynn Helms called it a big surprise to see production levels within 2,500 barrels of the all-time high of nearly 1.23 million barrels per day.
“We were not expecting that kind of a surge until late May, early June,” Helms said Friday while discussing the preliminary figures.
Natural gas production increased 7.4 percent in April, setting another record at more than 2.24 billion cubic feet per day.
Flaring
  • natural gas production: jumped 7.4% in April; all-time record at 2.24 billion cubic feet/day
  • natural gas flaring has returned to 2014 levels
  • flaring jumped 91 million cubic feet/day since March -- the largest month-over-month increase ever
  • it is likely that some operators will need to restrict oil production to meet flaring guidelines
  • the state has been near 15% flaring limit for some time, but the reservation in April flared 22%
  • five natural gas processing plants are under construction or in development
  • expansion at one natural gas processing plant expected to be completed by the end of the year
And it goes on and on. Much more at the link. 

Wells: the number of active wells hit another all-time record -- 14,571 wells. 

Memo to self: send a note to Jane Nielson.

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