Bakken Monthly Update
North Dakota – update through November 2019
North Dakota produced almost 1.5 million bo/d in October (horizontal wells only), a m-o-m increase of 5%. Bad weather in the previous month clearly had an impact on operations. It is one of the few states that almost has not seen a drop in rig activity since the start of the year (from 52 to 50 last week). Gas output was a record as well, at 3 Bcf/d (Toggle product to “Gas”).
North Dakota – update through October 2019
North Dakota produced almost 1.5 million bo/d in October (horizontal wells only), a m-o-m increase of 5%. Bad weather in the previous month clearly had an impact on operations. It is one of the few states that almost has not seen a drop in rig activity since the start of the year (from 52 to 50 last week). Gas output was a record as well, at 3 Bcf/d (Toggle product to “Gas”).
North Dakota – update through September 2019
September oil production in North Dakota fell 2% m-o-m to 1.40 million bo/d (horizontal wells only), based on preliminary data. About 120 horizontal wells were completed in September, significantly lower than a year earlier (150), but higher than in the previous month (107).
North Dakota – update through August 2019
Oil and gas production in North Dakota set new records in August, as both increased by more than 2% m-o-m. This is based on preliminary data, as the DMR’s Director’s Cut will be released on Thursday.
North Dakota – update through July 2019
Oil production in North Dakota further increased in July, to just over 1.4 million bo/d. Gas production also set a new record, at 3 Bcf/d. Completion activity remained as high as in June, with almost 140 wells coming online.
North Dakota – update through June 2019
Oil production in North Dakota set a new record in June, at 1.425 million bo/d. In the first half of this year, 565 horizontal wells were brought online, 10% more than in the same period last year. Completion activity in June was high, with 135 wells put on production.
North Dakota – update through May 2019
Oil production in North Dakota stayed flat in April m-o-m, at 1.39 million bo/d, just below the record high in January (1.4 million bo/d). Natural gas production continued the trend upwards and reached 2.9 Bcf/d. After the slow winter months, 106 wells came online in April, slightly more than a year earlier (95)
North Dakota – update through April 2019
Oil production in North Dakota stayed flat in April m-o-m, at 1.39 million bo/d, just below the record high in January (1.4 million bo/d). Natural gas production continued the trend upwards and reached 2.9 Bcf/d. After the slow winter months, 106 wells came online in April, slightly more than a year earlier (95)
North Dakota – update through March 2019
Oil production in North Dakota rose by 4% in March m-o-m to 1.39 million bo/d, just below the record high in January (1.4 million bo/d). Natural gas production was even up by 6.5%, reaching 2.8 Bcf/d, a new all-time high.
North Dakota – update through February 2019
Oil production in North Dakota fell in February by 5% m-o-m to 1.34 million bo/d. As is common in the winter months, few new wells started production (64), and more wells were shut-in. Gas production also saw a drop, but the gas oil ratio continued to rise; now 2 Mcf of natural gas is produced with every barrel of oil. Seven years ago this was only 1 Mcf per barrel.
