First things first. This is really cool. When the NDIC Director's Cut came out in mid-December with October, 2020, data, the preliminary numbers suggested that month-over-month there was a slight decline in North Dakota crude oil production, October/September.
My "blog title" at the time: October production exceeded that of September. I was pretty sure that when the official figures came out later the "newer" / revised numbers would show that increase. And, in fact, they did, according to the EIA 914 for October, 2020.
The preliminary data at that time, from the NDIC Director's Cut:
Crude oil production:
- October: 1,222,871 bopd (preliminary)
- September: 1,223,107 bopd
- delta: 236 bopd
- delta: 0.00%
Now, the EIA data for October, 2020.
In kbpd.
Texas:
- Oct: 4,632
- Sept: 4,631
- up 0.1%
North Dakota:
- Oct: 1,218
- Sept: 1,212
- up: 0.5%
Whoo-hoo.
Over at the sidebar at the right, I asked, somewhat tongue-in-cheek, which would survive the meltdown best -- the Bakken or the Permian.
In the big scheme of things, the Permian did better through the slowdown, but at least for the most recent production numbers, North Dakota proved more resilient, up 0.5% m/m vs 01% for Texas.
But I'll give "it" to the Permian.
Anything else of note in the most recent EIA figures? Month-over-month, change:
- US: down 4.1%
- Alaska: up 4.0%
- Federal Offshore Gulf of Mexico: down a whopping 29.8% (even worse, year-over-year, down 44.8%). That should please the Biden enviromentalists.
- New Mexico: up 5.6% month/month; up 13.3% y/y