Director's Cut Posted -- March, 2022, Data

 

Link here.

Usual disclaimers apply. 

Wells off line for operational reasons.

Observations / Analysis

Original Post
Director's Cut, March, 2022, Data

Crude oil production:

• March, 2022: 1,120,022 bopd
• February, 2022: 1,089,091 bopd
• (1,120,022 - 1,089,091)/1,089,091 = 2.84%
  

Revised revenue forecast:

• = 1,200,000 --> 1,100,000 --> 1,000,000 (+2%)

Crude oil price, North Dakota light sweet:

• today: $101.75
• March, 2022: $104.68
• February, 2022: $86.17

Natural gas production:

• March, 2022: 3,001,535 MCF/day (+4.6%)
• February, 2022: 2,870,829 MCF/day
• captured: 95%

Rig count:

• today: 39 oil and gas
• April, 2022: 37
• March, 2022: 33
• February, 2022: 33

Wells

Permitted:

• April: 55
• March: 65
• February: 32

Completed:

• April: 33
• March: 53
• February: 90

Inactive:

• March: 1,928
• February: 1,872

DUCs:

• March: 451
• February: 463

Producing:

• March: 17,080
• February: 16,749