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 recovers a bit in May 2016

oil production 08 to 5-16

Oil production in North Dakota dropped about 6.3% in April and recovered a little in May, increasing about 0.5%. Here is the average daily production for last three months:

  • 1,111,544 – March
  • 1,041,981 – April
  • 1,047,364 – May

Here are a few graphs that show the picture:

  • Average production by month statewide and Bakken only since 2008 is shown at the top of this post
  • Average production for the state by month since 1990
  • Crude prices by month, which shows a modest recovery
  • Value of monthly production, which show a faint whiff of a hint in the air that maybe production is coming back to life
  • Fracklog, which is the number of wells drilled to depth but awaiting fracking before production may begin

oil production 90 to 5-16

 

crude prices 7-16

 

value of monthy production to 5-16

 

fracklog 7-16

 

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