Interesting articles of late:
- 1M bopd is ‘new normal’ for North Dakota.
- Number of fracking crews in North Dakota and typical staffing size for a crew.
- Cleanup of large leak near Tioga is nearing completion, with planting possible in the spring.
- Wells fracked early in the boom might be re-fracked for large increase in total production.
9/18/17 – Williston Herald – Million barrels a day is the “new normal” for North Dakota – Graph of production of the last 12 months shows from 29 to 32 million barrels a month, which is around 1 million a day.
In a webinar, Lynn Helms, director of the Department of Mineral Resources said with oil prices, rig count, and number of fracked crews at the current stable level, the production will remain at 1 million a day. He calls it a “soft landing”.
He said production is somewhere in the range of 5% or 6% above the level built into the state revenue forecast. Prices are about 9% below what is built into the budget.
He indicated the consensus is that if the price of West Texas Intermediate goes above $50 there will be increased activity in drilling and completion.
Article provides insight on hydraulic fracturing. There are currently enough crews in place to keep up with the wells drilled by the current count of 56 rigs. Mr. Helms thinks if prices are in the $50-$60 range there will be six more fracking crews put in the field to supplement the 25 currently in place. That will reduce the fracklog.
A fracking crew has somewhere between 45 and 65 staff.