If I find the link again I will post it, but it doesn't interest me enough to go looking for it, but it's being reported (IIRC) that the number of completions in the Permian decreased by 12% in July, 2019.
I used to track completion data in the Bakken, but not so much any more. The completion rate seemed fairly stable, but I was curious.
In the most recent Director's Cut (June, 2019, data): the completion activity as reported by the NDIC:
- June, 2019: 95 (preliminary)
- May, 2019: 113 (revised)
- April, 2019: 101 (final)
Percentage change in completions:
- From April: a 6% drop in June
- month-over-month, from May: a whopping 16% drop
Completion rates will vary due to weather, workforce, and price of oil, according to the NDIC. I also think it will vary according to companies meeting their quota requirements (contracts). June was the last month of the second half, and I'm convinced that operators had met their quota requirements by early June.
