ND No Longer #2 But Carbon Projects Help Offset Sting -- Lynn Helms -- September 18, 2021

Link here to Williston Herald. 

Oil prices:

• Clearbrook: WTI + $0.05
• Cushing (WTI): $71.60
• LSS: WTI + $1.62
• Brent: WTI +$3.29 ($74.89)

Crude oil production by state in very, very round numbers, bopd, 2020, link here:

• in a league by itself:
• Texas: 5 million bopd
• it is what it is
• GofM: 1.7 million bopd
• bragging rights for #2 among states; both could see significant increase if price is right (and only if ND can attract fracking spreads);
  
• NM: 1 million bopd
• ND: 1 million bopd
• next five:
• Alaska: 0.5 million (iffy)
  
• CO: 0.5 million (will struggle to do much more -- too many faux environmentalists)
• OK: 0.5 million (probably maxed out)
• CA: 0.4 million (iffy going forward, but no one cares)
• WY: 0.3 (lots of talk but pretty marginal)
• not one other state produces more than 0.1 million bopd; a handful of states produce 75,000 bopd
• most surprising:
• UT: with upwards of three trillion in reserves, produces all of 87,000 bbs oil per day; North Dakota produces that much every two hours;
• sleeper?
• LA? only 95,000 bopd but oil-friendly state and operators getting interested; it's hard to believe the Texas miracle stops at the state line.
  

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National Headlines

Q: What would be the nation's lead story if it weren't Covid-19?

A: Del Rio, TX.

The administration is playing us like a fiddle.