The Director's Cut Has Been Posted -- January, 2019, Data -- Almost Hits New All-Time Crude Oil Production Records; Appears That A New All-Time BOEPD Production Record Was Set (Needs To Be Confirmed)

Original Post 

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Link here.

Director's Cuts are tracked here.

... and the number is ... 1,402,402 bopd -- just shy of the all-time record set last month. And this was in the middle of winter, although February will turn out to be worse as far as weather is concerned.

Crude oil production (if the revision is an increase of only 340 bbls of oil, it will be another all-time high -- my hunch: the final number will be revised upward by at least 1,500 bbls):

• January, 2019: 1,402,420 bopd
• December, 2018: hits a new all-time high, revised-- 1,402,741 bopd (final)
• delta, bbls: (339)
• delta, percent: a decrease of 0.02% month-over-month

Producing wells:

• January, 2019: 15,397 (new all-time high)
• December, 2018: 15,369
  

Production, boe:

• crude oil: 1,402,402 bopd
• natural gas: 2,720,006 MCF/D = 453,259 boepd, new all-time high
• total boe: 1,855,660 boepd 
• last month, December, 2018, boepd data: 1,842,979 boepd
• if that's accurate, and I need to re-check it, then the most recent production on a "boepd" basis, a new all-time high record was set in North Dakota in January, 2019;

Legacy Fund deposits could be disappointing in March, 2019. 

Pricing:

The Director's Cut for the January, 2019, data has been posted. It will download as a PDF on your desktop.

Crude oil production:

• January, 2019: 1,402,420 bopd
• December, 2018: hits a new all-time high, revised-- 1,402,741 bopd (final)
• delta, bbls: (339)
• delta, percent: a decrease of 0.02% month-over-month
• from the NDIC: January oil production came in at 1,402,402 barrels a day, down only 300 barrels from December’s final production of 1,402,741 creating what Department of Mineral Resources Director Lynn Helms called a “photo finish” between the months. 

Producing wells:

• January, 2019: 15,397 (new all-time high)
• December, 2018: 15,369

Natural gas production:

• January, 2019: 2,720,006 MCF/day-- new all-time high
• December, 2018: 2,651,375 MCF/day
• delta, cubic feet: 68,631 Mcf/d
• delta, percent: 2.5%
• from the NDIC: natural gas production continued a record-breaking trend with January production up 2.6 percent at 2.72 billion cubic feet a day, up from December’s record of 2.65 Bcf/day.

Permitting:

• February, 2018: 109 drilling
• January, 2019: 219
• December, 2018: 92

Off line:

• DUCs: 867, up 44 from last report (tracked here)
• inactive: 1,517, up 8 from last report
• total: 2,384 (up from 2,332 last week, about 800 more wells than will be drilled this calendar year)
  

Flaring:

• statewide, captured, January, 2019: 2,213,501 Mcf/day -- new all-time high
• statewide, capture: 81% 
• FBIR Bakken: 71% -- same as the previous month
• current goal: 88%