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Friday, May 14, 2021

Director's Cut -- March, 2021, Data -- Posted

Updates

Later, 11:04 p.m. CT: from Geoff Simon's top ND energy stories -- 

Following what was mainly a winter-related drop in February, North Dakota oil production climbed back over 1.1 million barrels a day in March.


Lynn Helms, director of the Department of Mineral Resources, said March production increased an average of about 25,000 barrels a day, coming in at 1,108,441 bbl/day. Helms said completion activity was buoyed by much-improved oil prices, which he said are currently averaging about 12 percent above the legislature's revenue forecast.

Original Post

Director's Cut: posted, link here. The Director's Cuts are tracked here.

The usual disclaimer applies: in a long note like this, done quickly, there will be content and typographical errors. If this is important to you, go to the source.  

March, 2021, data. This is all preliminary data for March, 2021. When the final number is tallied (next month), it will reveal a slight increase in production month-over-month):

Crude price (ND light sweet):

  • today: $57.00
  • April, 2021: $55.35
  • March, 2021: $54.38
  • February, 2021: $49.13
  • January, 2021: $41.77
  • December, 2020: $37.70
  • November, 2020: 33.22
Crude oil production:
  • March, 2021: 1,108,441 (preliminary)
  • February, 2021: 1,083,554 bopd (final)
  • January, 2021: 1,147,374 (preliminary); 1,147,377 (final)
  • December: 1,192,145 (preliminary); 1,191,429 bopd (final)
  • November: 1,224,540 (preliminary); 1,227,138 bopd (final)
  • October: 1,222,871 bopd (preliminary); 1,231,048 bopd (final)
  • delta: +24,887 bopd
  • delta:+2.3%
Natural gas production:
  • March, 2021: 2,878,598, (preliminary)
  • February, 2021: 2,703,948 MCF (preliminary); 2,704,840 MCF / day (final)
  • January, 2021: 2,847,719 MCF (preliminary); 2,849,283 MCF / day (final)
  • December: 2,892,908 (preliminary); 2,888,626 MCF / day (final)
  • November: 2,887,402 (preliminary); 2,890,376 MCF/day (final)
  • October: 2,873,654 MCF/day (preliminary); 2,881,717 (final)
  • delta: -145,335 MCF / day (-24,218 boepd)
  • delta: -5.1%
Natural gas capture:
  • March, 2021:  94%
  • February, 2021: 92%
  • January, 2021: 94%
  • December, 94%
  • November, 93%
  • October, 93%

Rig count:

  • today: 18 (no SWD or CS rigs)
  • April, 2021: 17
  • March, 2021: 15
  • February, 2021: 15 (but may include CS and SWD)
  • January: 12 (but may include CS and SWD)
  • December: 14 (but may include CS and SWD)
  • October: 14 (ditto)

Wells

April:

  • drilling: 15
  • completed: 31 (preliminary)

March:

  • drilling: 55
  • completed: 43 (revised)
  • inactive: 2,351
  • DUCs: 628
  • total off line for operational reasons: 2,979
  • producing: 16,207 (preliminary)

February:

  • drilling: 72
  • completed: 32 (final)
  • inactive: 2,568
  • DUCs: 662
  • total off line for operational reasons: 3,230
  • producing: 15,778

January:

  • permitted: 66
  • completed: 59 (revised)
  • inactive: 2,597
  • DUCs: 661
  • total off line for operational reasons: 3,258
  • producing: 15,861 (revised)

December, 2020:

  • permitted: 66
  • completed: 44 (final)
  • inactive: 2,687
  • DUCs: 668
  • total off line for operational reasons: 3,355
  • producing: 15,798 (preliminary)

November, 2020:

  • permitted: 52
  • completed: 44 (preliminary
  • inactive: 2,870
  • DUCs: 710
  • total off line for operational reasons: 3,580 
  • producing: 15,601 (preliminary)

October, 2020:

  • permitted: 74
  • completed: 59 (preliminary); 74 (revised)
  • inactive: 2,934
  • DUCs: 724
  • total off line for operational reasons: 3,658
  • producing: 15,512 (preliminary); 15,524 (final)

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Wells
Inactive Wells and DUCs
Tracked Here

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