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Friday, September 23, 2022

How Did We All Miss This -- North Dakota Set A New Fossil Energy Record In July, 2022

From the Director's Cut.

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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