Production Changes Month-Over-Month, May-Over-April, 2022

Folks who think they "know" the Bakken may want to spend some time on this one.

I would be curious if anyone can explain this.

Assuming I did all the math correctly and that's a huge assumption, but look at this:

The number of wells offline for operational reasons:

• May, 2022: 2,944
• April, 2022: 2,403
• so, in May, month-over-month, there was an increase of 541 wells taken off line
• those 541 wells represents an INCREASE of wells taken off line by almost 25%
• got that? 25% more wells were off line in May than in April. Twenty-five percent.

The number of producing wells:

• May, 2022: 16,953
• April, 2022: 16,896
• in other words, month-over-month, May-over-April, the number of producing wells increased by 57
• as a percentage, that was an increase of 0.3%. Not 30%. Not 3%. Not even one percent, but a third of one percent.

Now, take a look at this:

• oil production, month-over-month, May-over-April increased by 17%. Seventeen percent.
• natural gas production, month-over-month, May-over April increased by 14%. Fourteen percent.

Anyone want to hazard a guess. 

I'll discuss it later.

It's not rocket science. Again, assuming I did the math correctly.