Disclaimer: I remain inappropriately exuberant about the Bakken. Past results to not guarantee future results. Your experience may be different.
Director's Cut, September, 2021, data, posted earlier.
From The Williston Herald: North Dakota production rises a half percent, but is still behind New Mexico by just a nose. Link here.
North Dakota added another rig this month, along with a half percent bump in production to 1.113 million barrels per day. That wasn’t enough to bump the state out of third place in the nation’s top oil producing shale plays, but it did bring it very close to New Mexico’s 1.12 million barrels per day in the Permian.
North Dakota Department of Mineral Resources Director Lynn Helms said North Dakota doesn’t actually have to match New Mexico’s rig count of 81 to beat New Mexico production. A Bakken rig produces almost twice as much as rigs in the Permian, based on data from the Energy Information Administration, the agency that tracks national energy data.
“We just have to get to 50 and then we’ll start to gain on them,” Helms said. So we’ll just keep track of that and we’ll watch that number.”
Well completions for the month were one above the state’s revenue forecast at 41, and prices were 32 percent above forecast.
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A Musical Interlude
Note explanation of this video.
