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Tuesday, July 16, 2019

The Bakken Is Evolving -- July 16, 2019

North Dakota crude oil production for May, 2019, posted here

Based on preliminary numbers for May, 2019:
  • crude oil production: 1,393,284 bopd
  • natural gas production: 2,821,672 mcfpd = 470,200
  • total boe: 1,863,484 boe
  • percent of this boe as natural gas: 25.2% (I go to the first decimal point to show that the 25% was not rounded up or down)
Re-posting -- regarding natural gas production:
  • May, 2019 (preliminary): 2,821,672 mcfpd
  • April, 2019 (final): 2,833,131 mcfpd (this is now the all-time high)
  • we'll see if that record holds when the "final" figures come out next month
    • to go from 2,821,672 to 2,833,132 mcfpd, is a 0.4% increase

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