Tuesday, August 20, 2019

Random Note: The NDIC Confidential List -- August 20, 2019

1,494 oil and / or natural gas wells on the confidential list in North Dakota. Link here.

If 850 wells are drilled/completed/brought into production each year in North Dakota, 1,494 wells on the confidential list representate about two years worth of inventory.

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FWIW

Oilprice has still not reported that North Dakota set a new crude oil and natural gas production record in June, 2019. The story does not fit their "oil peak" narrative. LOL.