Director's Cut Is Out; October Data; Bakken Daily Production Jumps Over 7%; Yet, DUCs And Inactive Wells Increase -- December 15, 2017 - Hallo friendsMY LIVE MY WAY, In the article you read this time with the title Director's Cut Is Out; October Data; Bakken Daily Production Jumps Over 7%; Yet, DUCs And Inactive Wells Increase -- December 15, 2017, We have prepared this article for you to read and retrieve information therein. Hopefully the contents of postings Article my style, Article my way, Article New ways, Article their way, We write this you can understand. Alright, good read.

Title : Director's Cut Is Out; October Data; Bakken Daily Production Jumps Over 7%; Yet, DUCs And Inactive Wells Increase -- December 15, 2017
link : Director's Cut Is Out; October Data; Bakken Daily Production Jumps Over 7%; Yet, DUCs And Inactive Wells Increase -- December 15, 2017

Director's Cut Is Out; October Data; Bakken Daily Production Jumps Over 7%; Yet, DUCs And Inactive Wells Increase -- December 15, 2017

Director's Cut for October, 2017, data.

Link here.

The usual disclaimer applies. I do "this" quickly and there will be typographical and factual errors. If this is important to you, go to the source.

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The Data

Oil production

• October, 2017: 1,185,499 bopd
• September, 2017: 1,107,345 bopd
• Delta: +78,154 bopd, +7.1%
• huge jump in production

Producing wells:

• October, 2017: 14,250
• September, 2017: 14,199
• Delta: an increase of 51 wells; an increase of 88 wells; 0.4% increase

Permitting

• November, 2017: 119
• October, 2017: 147 
• September, 2017: 104
• August, 2017: 101
• July, 2017: 146 (huge jump)

Oil price (WTI), breakeven price statewide = $21

• today: $$49.25
• November: $49.75
• October: $43.56
• September: $39.56
• August: $37.93
• July: $35.83
• June: $34.72

Rig count:

• today: 53
• November: 54
• October: 56
• September: 56
• August: 56
• July: 58
• June: 55

Wells not producing, total: about 2,300 wells not producing; that exceeds the number of wells completed in any year during the boom

• waiting on completion: 899, up 36 from the end of September to the end of October;
• estimated inactive well count: 1,471, up 27 from the end of September to the end of October

Takeaway capacity:

• October data: including CBR to coastal refineries is more than adequate
• September data: including CBR to coastal refineries is more than adequate
• August data: including CBR to coastal refineries is more than adequate
• July data: including CBR to coastal refineries is more than adequate
• June data: including CBR to coastal refineries is more than adequate
• May data: including CBR to coastal refineries is more than adequate (major change in verbiage)

Natural gas capture, getting "worse" and FBIR is major issue:

• statewide: 84% (previous -- 83% [trending down to flat])
• FBIR: 74% (previous -- 71% [somewhat better after a terrible month last month)
• goal: 88% through October 31, 2020; then 91%
• comment: last month was terrible; it's getting better on FBIR

http://ift.tt/2dZyQXu

Thus Article Director's Cut Is Out; October Data; Bakken Daily Production Jumps Over 7%; Yet, DUCs And Inactive Wells Increase -- December 15, 2017

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