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Monday, August 19, 2019

Bakken To Add Almost 250,000 BOPD To Total US Crude OIl Production Over Next Two Years -- Source -- August 19, 2019

I can't recall if I posted a link to this article before. I was looking for something else when I stumbled across this article.

Interesting to read now in light of recent news.

From oilprice, June 20, 2019, this headline:


North Dakota set an all-time crude oil and natural gas production record -- an all-time high -- in June, 2019.

I don't recall whether I posted this story back in June; it's not likely I would post the story but I could easily be wrong.

From the article, this item of interest:
The Energy Information Administration (EIA) predicted in its latest Drilling Productivity Report that Bakken oil production will rise by 11,000 bpd in July from an expected production of 1.428 million bpd in June. [Actual: came in a bit lower -- 1.425 ... but that's a preliminary figure, and the final figure --- reported a month later -- is generally higher.]
The EIA dashboard for the Bakken is here.

North Dakota production in June, 2019, preliminary: 1,424,625 bopd (a new all-time high).

From the EIA monthly drilling productivity report, July, 2019 ((estimate to nearest 1K):
  • July, 2019: 1,435,000 bopd
  • August, 2019: 1,442,000  bopd
From the EIA monthly drilling productivity report, the dashboard linked above, August, 2019:
  • August, 2019: 1,425,000 bopd
  • September, 2019: 1,437,000 bopd
From NorthAmericanShale, June 25, 2019:
ESAI Energy reports crude and condensate production from the Bakken shale basin will surpass current record output into 2020.
In the company’s recently published North America Watch, ESAI Energy points to increasing rig productivity and efficiency gains in areas outside of the Bakken core that are translating into high growth rates for the basin as a whole.
Bakken production growth will add almost 250,000 barrels per day to total U.S. crude production over the next two years.
Along with record oil output, the Bakken’s associated gas production is rising at an even faster pace, according to the ESAI Energy report. While crude oil production has increased by 19 percent over this time last year, natural gas volumes have climbed by 29 percent.
To the best of my knowledge, oilprice has yet to report North Dakota's record June, 2019, production.

It's now 11:30 p.m. Central Time ...  I'll meet you at midnight ...

I'll Meet You At Midnight, Chris Norman

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