Rigs Don't Matter -- North Dakota Sets All-Time Crude Oil Production Record As Well As BOE Production Record -- Despite Low Rig Count -- August 15, 2019

Stayin' alive -- the Bakken theme song. LOL.

Stayin' Alive, The Bee Gees
Posted. Data being updated now.

Director's Cut released. See link above.

I'm going swimming.

Good luck to everyone.

But "we're" gonna set a record 'cause rigs don't matter.

Wow, we're having fun now.

1.424625 - 1.394648 = 0.030 million bopd = 30,000 bopd increase month-over-month.

That's about a 2% increase, in crude oil production, month-over-month.

So, if rigs don't matter, what matters?

• total number of producing wells
• new wells coming on line each month
• frack spreads

For flaring data, see this post. June, 2019, flaring data at this post.

**********************************

June, 2019 

Data Pending

Disclaimer applies: I do this quickly; no time for proofreading. There will be factual and typographical errors.

Over at twitter it's being reported that North Dakota oil production:

• June, 2019 (preliminary): 1.424625million bopd
• May, 2019 (final): 1.394648 million bopd
• April, 2019 (final): 1.392485 million bopd

Crude oil production:

• June, 2019: 1.424625 million bopd (preliminary) (all-time high -- new record)
• May, 2019: 1,394,648 bopd (final)
• April, 2019: 1,392,485, bopd (final) (see above: I predicted: 1,392,810 -- off by 385 bopd -- whoo-hoo!)
• April crude oil production "increased" by 2,347 bopd or 0.1688%

Crude oil production:

• June, 2019 (preliminary): 1,424,625 bopd (it will be revised upward when the final numbers come out next month)
• May, 2019 (final): 1,394,648 bopd
• April, 2019 (final): 1,392,485 bopd
• January, 2019, all-time high: 1,403,808 bopd

Delta, crude oil:

• June, 2019 (preliminary):  1,424,625 bopd
• May, 2019 (preliminary):1,394,648 bopd
• April, 2019 (final): 1,392,485
• delta, month-over-month, bbls: 29,977 bopd increase
• delta, month-over-month, percent: a 2.15% increase

Natural gas production:

• June, 2019 (preliminary): 2,876,689 (new all-time high)
• May, 2019 (final): 2,819,443 mcfpd
• April, 2019 (final): 2,833,131 mcfpd (this is now the all-time high)

BOE:

• June, 2019: 2,876,689 MCF/day ( all-time high) = 479,368 boe (new all-time high) + 1,394,648 = 1,874,116 boepd

Producing wells:

• June, 2019: 15,741 (preliminary - new all-time high)
• May, 2019: 15,703 
• April, 2019: 15,503 
• March, 2019: 15,353 -- well below the all-time high of 15,409 in January, 2019
• February, 2019: 15,154
• January, 2019: 15,409

 Permitting:

• July: 141
• June: 127
• May; 140
• April: 129
• March: 133 
• February: 109

DUCs

• waiting to be completed (DUCs): 983 (down 2)
• inactive wells: 1,553 (down)

Gas capture [later: see this post]

• statewide: 76%
• FBIR: 63%
• non-FBIR Bakken: 80%

Time to build that petrochemical plant!