9-13 North Dakota oil production 932K bopd – I missed my guess to hit one million barrels by September
September production was 932,174 barrels a day. That is a 2.3% increase for the month.
I missed my prediction
On June 8, 2012, I put my prediction on the table that ND production would hit 1M bopd by September 2013. That was based on 575k bopd in March 2012, so it is a guess for 18 months out.
Well, 932K is not 1M, so I missed. Only by 7% or about 2 months, but that’s a miss.
In a month or three when production does hit that level, I’ll accumulate the estimates gathered over the last year to see where they stack up.
The Directors report indicates an increase in pad drilling.
Small monthly revisions
Something I noticed this month is the really small revisions from subsequent reports. Here’s the data for the last few months as I’ve tracked it:
- Initial 1st rev 2nd rev = production month
- 821,531 822,108 823,363 = jun (not sure if the 823 was Sept or Aug rev)
- 874,681 875,962 874,208 = jul
- 911,496 911,450 = aug
- 932,174 = sept
Unlike Eagle Ford, those are reeeeeally small revisions.
(Video above by James Ulvog.)