From Bruce's Blog. production and activity for August 2014:WEDNESDAY, OCTOBER 15, 2014
The October, 2014, Director's Cut Is Out -- North Dakota Bakken Has Now Produced One (1) Billion Barrels Of Crude Oil
I often make typographical and factual errors; if this information is important to you, go to the source, generally the NDIC.
Link here.
Only 6% of North Dakota oil is coming from legacy conventional pools.
A 1.6% increase month-over-month (the daily bopd).
Disclaimer: this update is always done in haste; typographical errors are likely. This is for my use only. Others should go to the source.
Oil:
August, 2014: 1,132,331 bopd (preliminary; new all-time high)July, 2014: revised, 1,114,421 bopdJuly, 2014: 1,110,642 bopd (initial report)delta: 17,910 (daily bopd)17,910 / 1,114,421 = 1.6%Producing wells:
August, 2014: 11,563 (new all-time high)July, 2014: 11,293June, 2014: 11,079 May, 2014: 10,902Permitting:
September, 2014: 261August, 2014: 273July, 2014: 265June, 2014: 247All-time high was 370 in 10/2012
Pricing:
Today, 2014: $66.25Sept, 2014: $74.50August, 2014: $78.46July, 2014: $86.20Rig count:
Today: 190 (all time high was 218 on 5/29/2012)Sept, 2014: 195August, 2014: 193July, 2014: 192June, 2014: 190Director's comments:
well completions increased from 197 in July to 270 in August with summer weatherdrillers DID NOT outpace the completion crews: number of wells waiting completion (end of July) : 600 (a decrease of 30)rig count in the Williston Basin is no longer increasingUS natural gas storage: 11% below five-year averagepercentage of natural gas flared in North Dakota: 27% (up 1% from last month)NDIC now breaks down location of captured gas: statewide (72%); statewide Bakken (72.5%); non-FBIR Bakken (74.4%); FBIR Bakken (64.5%)EPA now looking to expand control/regulation of North Dakota oil and gas industry through "back door" (my words, not NDIC words).
Posted by Bruce Oksol at 2:33 PM 
Labels: DirectorsCut |
