Director's Cut -- May, 2018 -- Data -- Look At Flaring In The Reservation (BLM); ND Crude Oil Production -- New All-Time Record

Slow, slow news day. When news is slow I do crazy things waiting for something to post. So, let's do something really crazy: predict North Dakota crude oil and natural gas production for the month of May, 2018, that data to be released later today.

Predictions (these are not the actual numbers; actual numbers below), North Dakota crude oil and natural gas production for May, 2018:

• crude oil production: up 4.3% to 1,277,650 bopd
• natural gas production will set a new all-time record: up 3.6% to 2,322,808 MCF/day (387,070 boepd)
• DUCS: will increase by 28 to 970
• inactive wells: will increase by 87 to 1,608

So, we'll see.

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Director's Cut -- May, 2018 Data

Link here.

See this post.

Disclaimer: the Director's Cut summary that I try to do every month is done very, very quickly. There will be typographical and/or factual errors. That's why I have the link. If this information is important to you, go to the link.

The number is: 1,244,629 bbls/day -- preliminary new all-time high

• Crude oil: 1,244,629 bbls
• Natural gas: 2,318,754 MCF/day = 386,395 boepd
• Total: 1,632,024 boepd
• Previous record (last month): 1,598,948

Crude oil production:

• May, 2018:  1,244,629 bbls/day
• April, 2018: 1,225,391 bbls/day (preliminary) (all-time high was 1,227,483 bbls/day back in December, 2014)
• Delta, month-over-month: 19,238 bbls; up 1.6% --

Natural gas production:

• May, 2018: 2,318,754 MCF/day (386,395 boepd) -- a new all-time record
• April, 2018: 2,242,093 MCF/day (374,000 boepd) -- previous all-time record
• March, 2018: 2,119,751 MCF/day (353,000K boepd) -- previous all-time record
• February, 2018 : 2,106,121 MCF/day (351,000 K boepd)

Well Completions:

• May, completions, preliminary: 42
• April, completions, preliminary: 69 (preliminary); actual --> 86
• March completions: 75
• February completions: 74
• January completions: 65

DUCs + inactive wells:

• DUCs, waiting on completion: 955, up 13 from the end of April to the end of June
• inactive well count:  1,569, up 48 during same time period
• May, 2018, DUCs and inactive wells: 2,524
• see "DUC commentary," dated June 29, 2018 

Flaring:

• statewide: 83%
• statewide, Bakken: 83%
• FBIR Bakken: 77% -- federal; atrocious, compared to state
• ND goal: 88% capture; increasing to 91% beginning November 1, 2020