Director's Cut, December, 2021, Data

Link here.

Wells off line for operational reasons.

Observations / Analysis

February 14, 2022, Grand Forks Herald: Bakken oil play now branded "mature" as industry appetites shrink in North Dakota. Link here. 

Original Post

Crude oil:

• December, 2021: 1,137,466 bopd (preliminary)
• November, 2021: 1,158,622 bopd (final)
• delta, m/m: 21,156 bopd
• delta, m/m: 1.8%
• revised revenue forecast = 1.2 million --> 1.1 million -->1.0 million bopd

Natural gas:

• December, 2021: 2,990,340 MCF/day
• November, 2021: 3,074,414 MCF/day
• delta, m/m: 84,074 MCF/day
• delta, m/m: -2.7%

Crude oil price, North Dakota light sweet:

• today: $87.50
• December: $65.46
• November: $72.03
  

North Dakota market estimate, crude oil price, ND light sweet:

• Revised Revenue Forecast: $50
• December, 2021: $66.88. Revised forecast: +34%
• today, February 14, 2022: $90.30. Estimated revised forecast: +81%

Rig count:

• today: 32 oil and gas
• January: 31 oil and gas
• December: 31 oil and gas
• November: 32 oil and gas

Wells, permitted:

• January, 2022: 39
• December, 2021: 45
• November, 2021: 50
  

Wells, completed:

• January, 2022: 75 (preliminary)
• December, 2021: 81 (revised)
• November, 2021: 60 (final)

Wells, inactive:

• January, 2022:
• December, 2021: 1,975
• November, 2021: 1,957

Wells, producing:

• January, 2022:
• December, 2021: 17,114
• November, 17,245 (all-time high?)

Frack spreads:

• from 2020, the number of frack spreads dropped 25 to one
• most recently: frack spreads are said to number: 10