Title : Active Rigs Jump In Number; Now Up To 66; Bakken Operators And Flaring -- RBN Energy -- November 28, 2018
link : Active Rigs Jump In Number; Now Up To 66; Bakken Operators And Flaring -- RBN Energy -- November 28, 2018
Active Rigs Jump In Number; Now Up To 66; Bakken Operators And Flaring -- RBN Energy -- November 28, 2018
Wells coming off confidential list today -- Wednesday, November 28, 2018:34738, conf, BR, Rink 6-1-5MBH-R,
33111, conf, CLR, Wiley 9-25H2,
30545, conf, Bruin, Fort Berthold 151-94-26A-35-9H,
30542, conf, Bruin, Fort Berthold 151-94-26A-35-5H,
Active rigs:
$51.53 | 11/28/2018 | 11/28/2017 | 11/28/2016 | 11/28/2015 | 11/28/2014 |
---|---|---|---|---|---|
Active Rigs | 66 | 55 | 37 | 64 | 184 |
RBN Energy: Bakken producers get a welcomed reprieve on natural gas flaring. Archived.
Crude oil and natural gas production in the Bakken are at all-time highs, as are the volumes of gas being processed in and transported out of the play. The bad news is that for the past few months, the volumes of Bakken gas being flared are also at record levels, and producers as a whole have been exceeding the state of North Dakota’s goal on the percentage of gas that is flared at the lease rather than captured, processed and piped away. State regulators last week stood by their flaring goals, but in an effort to ease the squeeze they gave producers a lot more flexibility in what gas is counted — and not counted — when the flaring calculations are made. Today, we update gas production, processing and flaring in what’s been one of the nation’s hottest production regions.
North Dakota crude production grew by 39% between January 2017 and September 2018 to an even 1.3 MMb/d, according to the North Dakota Industrial Commission’s (NDIC) most recent numbers, and gas production was up an astonishing 62% over the same period, to about 2.53 Bcf/d. Those gains have put enormous pressure on the play’s infrastructure, and — of most interest to us in today’s blog — made it impossible for the state to meet its goals for reducing the percentage of produced gas that is flared.
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