"The Beginning Of The End Of The Bakken" -- Art Berman -- What A Doofus -- Bakken Setting New Records -- June 16, 2018

Re-posting:

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.

Now, flashback to December 8, 2017 -- "The beginning of the end of the Bakken." -- Art Berman.

What a doofus.

The Bakken is setting new records despite 2,000 wells drilled to depth and not producing (DUCs and shut-ins for operational reasons).