Flaring In The Bakken: The Big Story #0OTT Missed -- August 15, 2019

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%

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.

Time to build that petrochemical plant. The amount of natural gas production is only going to increase.