Director's Cut -- August, 2018 -- Data Is Posted

Link here: for links to NDIC and the Director's Cuts. And to Art Berman's "shale is a retirement party."

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.

Done very quickly this time because I am traveling. There are likely to be typographical errors.

Crude oil:

• August, 2018: 1,291,496 bopd (new all-time high)
• July, 2018:  1,269,290 bopd 
• Delta: 22,206 bopd
• Percentage delta: 1.74%

Memo to self: note to Art Berman.

For August, 2018, he number is: 1,291,496 bbls/day (new all-time high)

• Crude oil: 1,291,496 bopd
• Natural gas: 2,437,760 MCF/day = 406,226 boepd (new all-time high)
• Total: 1,697,721 boepd (new all-time high)
• July, 2018 (last month): 1,669,328 boepd

Well completions:

• August, completions, preliminary: 114
• July, completions: 106 (preliminary): actual -- 125 (final)
• June, completions: 63 (preliminary): actual - 85 (final)
• May, completions: 42 (preliminary); actual -- 72 (final)
• April, completions: 69 (preliminary); actual --> 86 (final)
• March completions: 75
• February completions: 74
• January completions: 65

DUCs + inactive wells:

• August, 2018, DUCs and inactive wells: 2,352
• DUCs, waiting on completion: 925, down 18 from end of July to end of August
• inactive well count: 1,427, down 59 from end of July to end of August; 
• July, 2018, DUCs and inactive wells: 2,429
• DUCs, waiting on completion: 943, down 50 from the end of June to the end of July
• inactive well count: 1,486, up 28 during same time period
• June, 2018, DUCs and inactive wells: 2,451
• May, 2018, DUCs and inactive wells: 2,451
• see "DUC commentary," dated June 29, 2018 

Flaring (Tioga gas plant was at 99% capacity):

• statewide: 82% (no change from last month)
• statewide, Bakken: 83% (down from 84% last month)
• FBIR Bakken: 73% (down from 76% last month) -- federal, getting worse; atrocious, compared to state
• ND goal: 88% capture; increasing to 91% beginning November 1, 2020