Director's Cut Has Been Posted; North Dakota Crude Oil Production Data For December, 2017, Has Been Released; Crude Oil Production Decreased 1.3% Month-Over-Month; Producing Wells At An All-Time High; Natural Gas Production Slightly Below All-Time Record - Hallo friendsMY LIVE MY WAY, In the article you read this time with the title Director's Cut Has Been Posted; North Dakota Crude Oil Production Data For December, 2017, Has Been Released; Crude Oil Production Decreased 1.3% Month-Over-Month; Producing Wells At An All-Time High; Natural Gas Production Slightly Below All-Time Record, 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 Has Been Posted; North Dakota Crude Oil Production Data For December, 2017, Has Been Released; Crude Oil Production Decreased 1.3% Month-Over-Month; Producing Wells At An All-Time High; Natural Gas Production Slightly Below All-Time Record
link : Director's Cut Has Been Posted; North Dakota Crude Oil Production Data For December, 2017, Has Been Released; Crude Oil Production Decreased 1.3% Month-Over-Month; Producing Wells At An All-Time High; Natural Gas Production Slightly Below All-Time Record

Director's Cut Has Been Posted; North Dakota Crude Oil Production Data For December, 2017, Has Been Released; Crude Oil Production Decreased 1.3% Month-Over-Month; Producing Wells At An All-Time High; Natural Gas Production Slightly Below All-Time Record

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

Natural gas production: in April, 2017, it was reported that North Dakota produced a record amount of natural gas: in that month, natural gas production jumped 6% more than 1.8 billion cubic feet / day. What was North Dakota's natural gas production in the most recent month, November, 2017? Yup, another all-time high: 2.1 billion cubic feet / day.

Oil production

• December, 2017: 1,181,319 bopd
• November, 2017: 1,196,976 bopd
• Delta:  a decrease of 15,657 bbls / day
• Delta: a decrease of 1.3%

Gas production: 2.081 bcf/day (all-time high was 2.096 bcf/day last month (November, 2017)

Producing wells:

• December, 2017: 14,293 (an all-time high)
• November, 2017: 14,32338
• Delta: an increase of 45 wells;

Permitting

• January, 2018: 106
• December, 2017: 86
• 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
• January, 2018: $54.75
• December, 2017: $49.56
• November: $49.75
• October: $43.56
• September: $39.56
• August: $37.93
• July: $35.83

Rig count:

• today: 57
• January, 2018: 56
• December: 52
• November: 54
• October: 56
• September: 56
• August: 56
• July: 58
• June: 55

Wells not producing, total: about 2,375 not producing; that exceeds the number of wells completed in any year during the boom

• waiting on completion: 877, down from 6 the end of November to the end of December
• estimated inactive well count: 1,469, down 23 from the end of November to the end of December

Takeaway capacity:

• December: takeaway capacity including CBR to coastal refineries is more than adequate 
• November: takeaway capacity including CBR to coastal refineries is more than adequate
• 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; the trend has improved; it looks like ND has "turned the corner" on this issue

• statewide: 87% (previous -- 86% [trend has improved)
• FBIR: 80% (much improved; previous -- 75%)
• goal: 88% through October 31, 2020; then 91%
• comment: October, 2017, was terrible; it's getting better on FBIR

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Thus Article Director's Cut Has Been Posted; North Dakota Crude Oil Production Data For December, 2017, Has Been Released; Crude Oil Production Decreased 1.3% Month-Over-Month; Producing Wells At An All-Time High; Natural Gas Production Slightly Below All-Time Record

That's an article Director's Cut Has Been Posted; North Dakota Crude Oil Production Data For December, 2017, Has Been Released; Crude Oil Production Decreased 1.3% Month-Over-Month; Producing Wells At An All-Time High; Natural Gas Production Slightly Below All-Time Record This time, hopefully can give benefits to all of you. well, see you in posting other articles.

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