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

Usual disclaimer: this is done for my benefit. I do it quickly. There will be content and typographical errors. I generally do not go back to correct errors. If this is important to you, go to the source.

Link here.

Comments: it should be noted that in --

• June, 2021, there were 2,519 wells off line for operational reasons;
• July, 2021, there were 2,603 wells off line for operational reasons
• August, 2021 (most recent month for which there is preliminary data) 2,193 wells were off line for operational reasons
  
• change, most recent m/m: +410 wells
• delta: +15.8%
• analysis: YouTube from a month ago (July, 2021)
• no typo: number of DUCs, July/August, no change at 521; this number may be revised;
• number of producing wells;
• August, 2021: 16,953 (preliminary)
  
• July, 2021: 16,890
• change m/m = 0.37%
• so, number of producing wells barely changes (up 0.4%); number of DUCs remain unchanged; but a net 410 wells were brought back on line and/or completed.
  

Crude oil production:

• August, 2021: 1,107,216 bopd (preliminary)
  
• July, 2021: 1,076,594 bopd (revised)
  
• June, 2021: 1,133,498 bopd
• delta, bopd: +30,622 bopd
• delta, percent: +2.8%
• revenue forecast: 1.2 million --> 1.1 million --> 1.0 million bopd

Crude price:

• today: $64.80
  
• August: $60.94
• July, 2021: $64.80
• June, 2021: $63.62
• revenue forecast: $50

Natural gas production:

• August, 2021: 2,960,457 mcf/day; +2.85; 90% capture rate (preliminary)
  
• July, 2021: 2,879,408 mcf/day; capture, 90% (revised)
  
• June, 2021: 2,987,829 mcf/day; capture, 92%

Rig count:

• today: 30 (includes one SWD rig)
• August, 2021: 28(included two SWD rigs))
• July, 2021: 23 (ditto)
• June, 2021: 20 (maybe one SWD rig)

Wells:

• September, 2021
• permitted: 69
• completed: 34 (preliminary)
• inactive: --
• DUCS: --
  
• August, 2021:
• permitted: 79 (final)
  
• completed: 47 (revised)
  
• inactive:1,672
• DUCs: 521
• producing: 16,953 (preliminary)
  
• July, 2021:
• permitted: 40
• completed: 53 (final)
• inactive: 2,082
• DUCs: 521
• producing: 16,890
• June, 2021:
• permitted: 75
• completed: 41 (final)
• inactive: 1,839
• DUCs: 680
• producing: 16,844 (all-time high)

DUCs and inactive wells are tracked here.