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Title : North Dakota Crude Oil Production Data For November, 2017, Should Be Released Today
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North Dakota Crude Oil Production Data For November, 2017, Should Be Released Today

Director's Cut for November, 2017, data, pending. The Director's Cut should be released today at 11:00 a.m. CT.

Link here. NDIC site for calendar and links for past and current Director Cuts 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

• November, 2017: pending
• October, 2017: 1,185,499 bopd
• Delta:  
•  

Producing wells:

• November, 2017: pending
• October, 2017: 14,250
• Delta:

Permitting

• December, 2017: pending
• 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: pending
• December, 2017: pending
• November: $49.75
• October: $43.56
• September: $39.56
• August: $37.93
• July: $35.83
• June: $34.72

Rig count:

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

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

• waiting on completion: XXXX, up/down from the end of October to the end of November;
• estimated inactive well count: XXXXX, up/down from the end of October to the end of December

Takeaway capacity:

• November: pending, but I don't anticipate any changes
• 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, has been getting "worse" and FBIR was a major issue; we'll see if this changed in November (October data below; November data pending):

• 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

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