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Friday, October 16, 2020

Director's Cut -- August, 2020, Data -- ND Crude Oil Production -- 12% Increase Month-Over-Month

Director's Cut has been released: link here

Crude oil production:

  • August, 2020: 1,164,432 bopd (preliminary)
  • July, 2020: 1,042,081 bopd (final)
  • delta: 122,351 bopd
  • percent increase: 11.74% month-over-month

Rig count:

  • today: 16
  • September: 11
  • August: 12
  • July: 11

Wells, permitted:

  • September: 51
  • August: 47
  • July: 92

Wells, completed:

  • August: 19 (preliminary)
  • July: 59 (revised)
  • June: 37 (final)

Wells, producing:

  • August: 15,144 (preliminary)
  • July: 14,416

Wells, inactive:

  • August: 2,719
  • July: 3,762

Wells, waiting on completions (DUCs):

  • August: 846
  • July: 878

DUCs and wells off-line for operational reasons are tracked here.

August, 2020:

  • DUCs: 846
  • inactive well count: 2,719
  • total off line for operational reasons: 3,565

July, 2020:

  • DUCs: 878
  • inactive well count: 3,762
  • total off line for operational reasons: 4,640

June, 2020:

  • DUCs: 899
  • inactive well count: 4,214
  • total off line for operational reasons: 5,113

May, 2020:

  • DUCs: 962
  • inactive well count: 6,108
  • total off line for operational reasons: 7,070

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Difference In DUC Counts

May - August: 116
percent change: decreased by 12%


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Difference In Wells Off-Line For Operational Reasons

May - August: 3,505
percent change: decreased by 50%