North Dakota Hits New All-Time Record Production -- BOEPD -- April, 2019 Data

Disclaimer: I am inappropriately exuberant about the Bakken and the US shale revolution.

Update

June 18, 2019: they got it wrong. The April, 2019, data presented was preliminary; once the final numbers come out next month, one will see that April, 2019, oil production will have increased over the previous month. In addition, the preliminary data showed that natural gas production set an all-time record in North Dakota. BOEPD production set an all-time high.

 

 Original Post

A reader sent me the link to Lynn Helms (below). My notes were posted before I saw the Helms video.

Disclaimer: in a long note like this there will be factual and typographical errors. I often make simple errors in arithmetic. If this is important to you, go to the source.

Wells off line for operational reasons are tracked here.

April, 2018, data here.

• Crude oil production in April, 2019: 1,391,188 bopd (preliminary)
• Crude oil production in March, 2019: 1,391,760 bopd (final) (preliminary was: 1,390,138 bopd, so it's very likely "final" April, 2019, will be closer to 1,392,810 bopd)

• Delta (month-over-month; April-over-March)
• decrease, month-over-month: - 572 bopd
• month-over-month change: 0.00%
• all-time high was January, 2019: 1,403,808 bopd
• delta (January/April): - 12,620 bopd
• delta (January/April): - 0.90%
• note rig count difference between March (66) and April (63)
• note producing well difference between March (15,365) and April (15,490)

Lynn Helms on the numbers:

Natural gas production in April, 2019: 2,862,893 MCF/day (new all-time high)

• this is a new all-time high; = 477,069 boepd
• 477,069 + 1,391,188 = 1,868,257 boepd (which is most likely a new all-time record high)
• last month: 472,783 + 1,391,188 = 1,864,543

• March, 2019: 2,837,170 MCF/day (final)
• average daily increase, month-over-month: 25,723 MCF/day (4,286 boepd)
• month-over-increase:0.91%

Producing wells:

• April, 2019: 15,490 (preliminary, new all-time high)
• March, 2019: 15,353 -- well below the all-time high of 15,409 in January, 2019
• February, 2019: 15,154
• January, 2019: 15,409

Permitting:

• May; 140
• April: 129
• March: 133 
• February: 109

Crude price, ND light sweet/ WTI (per barrel) -- look at $10/bbl drop between today and one month ago!

• All-time high:  $136.29 / $145.29
• today: $40.50 / $52.28
• May: $50.50 / $61.78
• April: $50.50 / $61.78
• March: $48.00 / $55.01
• February: $46.30 / $55.01 

Rig count

• Toady: 61 (all-time high was 218 on 5/29/2012)
• May: 65
• April: 63
• March: 66
• February: 64 

Off-line:

• DUCs: 962 (down 6)
• inactive: 1,625 (down 72)
• Wells off line for operational reasons are tracked here.

Gas capture (flaring):

• statewide: 81% captured (80% last month)
• FBIR Bakken: 71% captured (70% last month)
• goal; 88%

March, 2019, data here. --