It really doesn't matter how much you produce, if you don't capture it and use it or sell it. Isn't that true?
Gas production:
- July, 2022: 3,102,327 MCF/day (preliminary)
- June, 2022: 3,061,082 (preliminary) --> 3,062,778 MCF/day
- delta, MCF / day: 41,245 MCF / day
- delta, percent: up 1.35%
- gas captured: 94%
- captured: 2,911,420 MCF/day
- 3,145,172 MCF/day all-time high production, November, 2019
- 2,911,420 MCF/day NEW all-time high capture, July, 2022
All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them.
So, that's a record on "CAPTURE."
But look at overall production.
- All-time high, just before the global lock down, November, 2019: 3,145,172 MCF/day.
- Most recent month, July, 22: 3,062,778 MCF/day
- July, 2022, natural gas production is 97.4% of it's all-time high.
For perspective:
- Eagle Ford: about 7,000,000 MCF/day (double the Bakken)
- Permian: about 20,000,000 MCF/day (7x the Bakken)
Per rig, natural gas:
- Permian: 2,100,000 cubic feet/day
- Eagle Ford: 6,400,000
- Bakken: 2,500,000
So, Bakken natural gas / rig is about the same as the Permian, but the Eagle Ford has the bragging rights of the three plays.
So, let's see oil production / rig / play:
- Permian: 1,000 bopd
- Eagle Ford: 1,700 bopd
- Bakken: 1,700 bopd
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