Friday, July 17, 2020

North Dakota Oil Production Fell 30% In May, 2020

Director's Cut, May, 2020, summary here.

From SeekingAlpha:


Meanwhile, June production already bounced back to over 1 million bopd.

From HFI over at SeekingAlpha: the ND Bakken will never be the same.
  • Summary
    • since 2017, Bakken has surprised to the upside.
    • but with DAPL stuck in legal court battles and uncertainty around takeaway capacity continuing, Bakken's production base will fall.
    • lower completion activity for 2021 and beyond will result in lower projections of ~250k b/d.
    • with the rest of the US shale oil basins wounded, Permian will be the only basin left to carry the US. We see Q4 2019 as peak US oil production.

Director's Cut -- May, 2020, Data -- Crude Oil Drops Below 900K BOPD

The Director's Cut
Data For May, 2020
North Dakota Oil and Natural Gas Production

Disclaimer: usual disclaimer applies. As usual, this is done very, very quickly. It is not proofread. There will be factual and typographical errors on this page. If this is important to you, go to the source.

Link here.

Link here to past reports.

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

A huge, huge "thank you" to Lynn Helms and his staff at the NDIC getting this information out in a timely and transparent manner. I am not aware of any other state that does such a good job providing such data. 

Crude oil production:
  • May, 2020, preliminary: 858,395 bopd
  • April, 2020, final: 1,221,019 bopd
Gas production:
  • May, 2020, preliminary: 59,778,353 MCF production; 88% captured
  • April, 2020, final: 81,355,528 MCF production; 88% captured
BOE:
  • May, preliminary: 868,356 boepd
  • April: 1,234,576 boepd
Producing wells:
  • May, preliminary: 12,809; 88% middle Bakken and Three Forks; 12% from legacy conventional pools
  • April, final: 15,474; 
Wells off-line:
  • May, 2020: when I went through the May, 2020, data (as it was released in early July), it was very, very obvious that ND Bakken operators shut in their wells in May, not April).
  • May, 2020, preliminary:
    • inactive: 6,108
    • DUCs: 952 
    • total: 7,060
  • April, 2020, final:
    • inactive: 2,168
    • DUCs: 944
    • total: 3,112 (for all that talk about all the wells coming off line, that does not appear to be true in the Bakken; operators simply drilled fewer wells)
Permitting:
  • June, 2020: 72 drilling
  • May, 2020: 59 drilling
  • April, 2020: 62 drilling
Rig count:
  • Today: 10
  • June, 2020: 12
  • May, 2020: 17
  • April, 2020: 35
Completions:
  • May, 2020: 12 (preliminary)
  • April, 2020: 58 (revised)
  • March, 2020: 120 (final)

Updating An IP-Record Setting MRO June Well In Antelope Oil Field; Back On Line; Goes Over 500K Bbls Crude Oil -- July 17, 2020

This page will not be updated. This well is tracked elsewhere.

Record IP-wells are tracked here

The well:
  • 33415, 7,572, MRO, June USA 31-2H, Antelope, Sanish pool, API - 33-053-07958; 9.4 million gallons; 84%, t3/18; cum 535K 5/20;
Production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
SANISH5-2020317398745729181406812716575
SANISH4-202030780677853963949088320
SANISH3-2020258977868528531383912874145
SANISH2-20200000000
SANISH1-202000950000
SANISH12-20192148444996216717351169020
SANISH11-201929835284353258260622526983
SANISH10-2019318869884231302603523750502
SANISH9-2019309019903135092517422976475
SANISH8-2019311047910503442523137187072657
SANISH7-2019311018210075419023295118219619
SANISH6-2019301053810525389023772154786346
SANISH5-2019311196611940452925493169496589
SANISH4-2019301121911244450622462163954162
SANISH3-2019311313513110538324294201391978
SANISH2-20192814423144675339419682277316519
SANISH1-201931199261995511633425092779311808
SANISH12-20183125002248871270945104372704418
SANISH11-2018141399614005446018135133773920
SANISH10-2018241596915992532230106213437603
SANISH9-20183023102231959898519392709323282
SANISH8-201831312453132610596540392026632866
SANISH7-201831417874183911741625791871843592
SANISH6-201829581585840319449827311331168386
SANISH5-201827638106364121593744344337930545
SANISH4-201815481314933112675303711568214584
SANISH3-2018175642454739067611145165987

Production Update For A Record-Setting Well In The Bakken -- A Bruin FB James Well -- July 17, 2020

This page will not be updated.

Bruin's FB James wells in Spotted Horn are tracked here.

This well is featured at "record IPs in the Bakken."

The well:
  • 31458, 6,311, FB James 150-94-3A-10-6B, Spotted Horn, t11/19; 98K over 25 days; extrapolates to 118,184 bbls crude oil over 30 days; cum 373K in seven months; cum 373K 5/20;
Production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN5-20203123975241961297349255405441901
BAKKEN4-20203027334273661510662180519293472
BAKKEN3-20203135975358981919772477629282890
BAKKEN2-20202944865448272513481124656659147
BAKKEN1-2020316812768229361231079808099820701
BAKKEN12-2019297395974047448841103308597219173
BAKKEN11-2019259848797877855941374718387651155
BAKKEN10-20190000000

Two Wells Coming Off The Confidential List -- July 17, 2020

The Director's Cut is scheduled to be released late today, 3:30 p.m. CDT

Active rigs:


$40.867/17/202007/17/201907/17/201807/17/201707/17/2016
Active Rigs1056695929

Operators with active rigs:

  • BR (2)
  • CLR (2)
  • WPX (2) 
  • MRO (0) -- dropped one
  • Petro-Hunt
  • Hess
  • Slawson (2) -- adds one
  • XTO (0) -- dropped one
Two wells coming off the confidential list -- Friday, July 17, 2020: 47 for the month; 47 for the quarter, 493 for the year:
  • 36488, drl/A, Hess, TI-Stenbak-158-95-2526H-2, Tioga, t--; cum 66K 5/20; started producing 1/20;
  • 36391, SI/A, Whiting, Ogden 12-3-3H, Sanish, t--; cum 78K 5/20; started producing 1/20;
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