Flaring In The Bakken -- May, 2019, Data

See comments below. Reader provides link to podcast regarding the Bakken:  https://twitter.com/RTDukes/status/1144670377597112321.

From the Director's Cut for May, 2019, flaring:

• with natural gas at $1.95 / mcf, the oil-to-gas price ratio at Watford City, ND, is 25 to 1
• statewide gas flared volume decreased 15,700 mcfpd month-over-month
• produced, April, 2019: 2,833,131 mcfpd
• produced, May, 2019: 87,471844 mcf for the month
• produced, May, 2019: 2,821,672 mcf/day
• 15,700  / 2,833,131 = 0.554% or about half a percent
• capture rate:
• statewide capture: 81%
• non-FBIR Bakken: 85%
• FBIR Bakken: 69%
• goals: a capture rate of 88%

Glad to see the BLM all over this one.

I have no idea what the "new rules" regarding flaring are but if interested, there is a tag, flaring_new rules.

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Working On Her Multiplication Tables

Turned five years old about two weeks ago.