Outrun Change

We need to learn quickly to keep up with the massive change around us so we don't get run over. We need to outrun change.

North Dakota oil production drops 1.2% in February, or 14K barrels a day

Numbers are out for February 2014. Average production in February was 1,177,094, which is down 14,104 from the very slightly revised January amount.

Here is the production in graphs:

4-15 production 

For a longer term perspective:

 4-15 prod long term

Using the average sweet price mentioned in the Director’s Cut, here is the value of monthly production.

 4-15 value by month

Reason for the drop in value is the price per barrel:

 4-15 price by month

That slight recovery in current month is good but not a lot of help. On the other hand, at least the price isn’t still falling.

More graphs for February production are here.

 

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