Director's Cut, May, 2023, Data And Daily Activity Report -- July 14, 2023

Locator: 45137B.

Director's Cut, May data, released. 

Director's Cuts are tracked here. 

Disclaimer applies. 

DUCs and wells off-line for operational reasons tracked here.

Producing wells:

• new all-time high, this month, May, 2023: 17,913 producing wells.
• also, see story in Minot Daily News.
• the North Dakota Department of Mineral Resources reported the state had 17,913 (preliminary number) producing wells in May.
• the previous all-time high was 17,791 producing wells in October 2022. 
• of that total number, 15,622 or 87% are unconventional Bakken/Three Forks wells and 2,291 or 13% are produced from legacy conventional pools.

Highlights.

• active rigs
• 36: due to workforce; mergers, acquisitions
• expected to the mid-forties with gradual increase over next two years;

• crude oil production:
• May, 2023: 1,133,530 bpod
• April, 2023: 1,135,763 bopd

• crude price:
• today: $71.25
• May, 2023; $65.82
• April, 2023: 75.23

• natural gas: 
• May, 2023: 3,156,374, MCF/day
• April, 2023: 3,119,451 MCF/day

• wells permitted:
• June: 85
• May: 63
• April: 89

• DUCs:
• May: 459
• April: 458

• inactive:
• May: 1,779
• April, 1,899

• completed:
• June: 85 (preliminary)
• May: 138 (preliminary)
• April: 51 (preliminary)

• producing:
• May, 2023: 17,913 (new all-time high) 
• April: 17,768

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Daily Report

Active rigs: 37

WTI: $75.42. Down almost 2% on the day; down $1.47 on the day.

• Murban crude: $80.68.

Five new permits, #40041 - #40045, inclusive:

• Operator: CLR
• Field: Antelope (McKenzie)
• Comments:
• CLR has permits for five Quale Federal wells in SENW 1-152-94; 
• to be sited between 2049 FNL and 2181 FNL and between 2188 FWL and 2310 FWL

Permitted for pilot projects:

• 40040, Resonance Exploration; Bottineau, water injection
• 40046, Resonance Exploration; Bottineau, water injection

Four permits renewed:
BR

Two producing wells (DUCs) reported as completed:

• 39075, 133, Crescent Point Energy, CPEUSC Szarka 3-36-25-159N-100W-MBH
• 36424, no IP, XTO, Linda 41X-22C, Williams County