Tag: Bakken

In April crude oil production in the state hit an average of 1,224,948 barrels of oil per day (bopd). That is the preliminary tally, which will change a bit in the next report as a few late reports arrive.

That is really close to the record high of an average 1,229,572 bopd in December 2014. Another 4,624 per day would get the state to a new record. That could be achieved for April by late reports from the field. Or, since production increased 42,112 bopd since December, the May data will likely break the record.

Here is my graph of production state-wide and Bakken only (including Sanish, Three Forks, and Bakken/Three Forks levels):

For more background, here is the total monthly production since 2004:

Continue reading “Oil production for April 2018 in North Dakota getting close to record level”

Production of crude oil increased 12,110 bopd in November, or 1.02%, going from 1,182,810 (revised October) to 1,194,920 (preliminary November).

The record high production was 1,227,529 average bopd in December 2014. Production in November 2017 is 32,609 bopd below the high in December 2014. It will only take another 2.7% increase in average production to clear the previous record. I’ll guess that will happen in December 2017 or January 2018, before the winter start to cut into production. (That is not a very bold prediction since Mr. Helms thinks the record production level will easily be surpassed regularly in later 2018.)

Above is a graph of average production in the state since 2004.

Check out the following graph for production from only Bakken formations and total for the state since 2008:

Continue reading “Oil production in North Dakota increases 1.0% in November 2017; getting close to record output”

A few tidbits from western North Dakota:

• More signs of a rebound
• Amy Dalrymple joins staff of Bismarck Tribune
• Dakota Access Pipeline begins commercial operations

6/3/17 – Star Tribune – North Dakota oil industry shows signs of a rebound – Drilling and employment is picking up in the North Dakota oil patch. Article illustrates this by telling the tale of several guys who have been out of work for a while but have been rehired.

Several analysts are quoted saying the industry is bouncing back.

Interesting stats in the article:

• An oil rig is 13 stories tall, weighs 275 tons, and costs somewhere between $50,000 and $70,000 per day to operate.
• Rig count: 51 now, 218 at high point in December 2012, 27 at low point in May 2016.
• Oilfield employment in the state is 16,400 in April 2017, which is up 10% over same month in 2016.
• Online postings for open jobs were at the highest in April over the last year and are up 94% from prior year. A trade group representative says there are likely 1,000 open oil jobs in western North Dakota.
• Total production in Bakken is down 1.5% in the last 12 months. Meanwhile production in the Permian basin is up 25% in the last year.

Efficiency drivers:

Continue reading “News from Bakken oil patch”

Average daily oil production dropped 0.83% in March, from 1,034,248 bopd (revised) to 1,025,638 bopd (preliminary). Director’s report for the month is not out as of the time of posting this discussion. This month, I’ll just show two graphs of production:

 

 

Here is a longer term view:

Continue reading “North Dakota oil production steady in March ’17”

I’ve been watching the tally of daily rig count for a while. When I think about it, I jot down the count listed at The Million Dollar Way blog.  Occasionally, as in every few months, I post my tallies.

By the way, if you have even the slightest interest in my comments on my blog you really, really, really need to read MDW.

Decided to put all that data into a graph to help me see the trends from another direction. So, I combined all the data that has been accumulated haphazardly over time and put it in a graph.

If it helps you see some patterns, I’ll share my graph.

Keep a few things in mind:

• The data is accumulated when I think of jotting it down, so this is not a complete database
• Don’t read anything in to the gaps in data
• Data hasn’t been double-checked, so there are likely inaccuracies
• This shows general trends
• The efficiency of drilling and total output from a well has improved radically in the last few years so data is not comparable over long terms

 

Having undercut my data and graph, here is a picture of the rig count in the state:

Continue reading “Graph of daily rig count in North Dakota”