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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%

4 comments:

  1. I hate how the new girl is always late getting the video up (in my definition, not their "take an extra day" definition). Who wants to see 3 day old news on Monday?

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  2. Replies
    1. LOL. In fact I thought the reader was blaming my granddaughter, six-year-old Sophia for being late with posting data -- until I realized the reader was talking about the individual who posts the webinair (podcast) which provides more background to the Director's Cut. Geoff Simon actually posts much of that information and it comes out at almost the same time as the Director's Cut.

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