Tuesday, June 14, 2022

NDIC Director's Cut -- April, 2022, Data

Link here.

For newbies: this decrease was predicted, based on unusual winter storm in April, 2022.

Oil:

  • April, 2022: 900,597 bbls / day
  • March, 2022: 1,122,640 bbls / day
  • delta, bopd:
  • delta, percent: down 20%
  • revised revenue forecast: down 19%

Crude oil price:

  • today: $118.25
  • April, 2022: $100.16
  • March, 2022: $104.68

Gas production and capture:

  • April, 2022: 2,444,933 MCF / day
  • March, 2022: 3,009,436 MCF / day
  • delta, MCF / day
  • delta, percent: down 19%

Rigs and wells:

  • rigs:
    • today: 37
    • May: 40
    • April: 38
    • March: 34
  • permitted:
    • May: 68
    • April: 55
    • March: 65
  • completed:
    • May: 53 (preliminary)
    • April: 33 (revised)
    • March: 53 (said to be preliminary but probably final)
  • inactive:
    • April: 1,909
    • March: 1,928
  • DUCs
    • April: 494
    • March: 451
  • producing:
    • April: 16,896
    • March: 17,087
    • and this helps explains the oil and natural gas delta month/month
    • March to April: 1.15 drop in number of producing wells

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