Updates
August 16, 2019: one day later, #OOTT re-tweets it.
Original Post
From the Director's Cut for June, 2019, flaring:
- with natural gas at $1.77 / mcf (it was $.195 last month), the oil-to-gas price ratio at Watford City, ND, is 25 to 1
- statewide gas flared volume increased 154,966 mcfpd month-over-month (it decreased month-over-month in May, 2019, so this increase is disturbing)
- produced, April, 2019: 2,833,131 mcfpd
- produced, May, 2019: 87,471844 mcf for the month
- produced, May, 2019: 2,821,672 mcf/day
- produced, June, 2019: 86,330,660 mcf/month
- produced, June, 2019: 2,876,689 mcf/day
- 57,246 / 2,876,689 = about 2%; last month it was 0.554% or about half a percent; so in one month we went from half a percent to a 2% increase in production of natural gas
- capture rate:
- statewide capture: 76% (last month: 81%)
- non-FBIR Bakken: 80% (last month: 85%)
- FBIR Bakken: 63% (last month it was 69%)
- goals: a capture rate of 88%
I have no idea what the "new rules" regarding flaring are but if interested, there is a tag, flaring_new rules.
Time to build that petrochemical plant. The amount of natural gas production is only going to increase.
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