North Dakota - ~30k Barrel decline mo. Over mo.

[ddlopata084]

Gas also down. Price drops to $16.50/barrel.



Director’s Cut
Lynn Helms
NDIC Department of Mineral Resources
Oil Production
November 35,453,595 barrels = 1,181,787 barrels/day
December 35,720,672 barrels = 1,152,280 barrels/day (preliminary)(all-time high was Dec 2014 at 1,227,483 barrels/day)
1,096,044 barrels per day or 95% from Bakken and Three Forks
56,236 barrels per day or 5% from legacy conventional pools
Gas Production
November 50,288,370 MCF = 1,676,279 MCF/day
December 51,795,905 MCF = 1,670,836 MCF/day (preliminary)(all-time high was Nov 2015 at 1,676,279 MCF/day)
Producing Wells
November 13,100
December 13,119 (preliminary)(all-time high was Oct 2015 13,190) 10,756 wells or 82% are now unconventional Bakken – Three forks wells 2,363 wells or 18% produce from legacy conventional pools
Permitting
November December January
125 drilling and 0 seismic 95 drilling and 0 seismic
78 drilling and 0 seismic (all time high was 370 in 10/2012)
ND Sweet Crude Price1
November $32.16/barrel
December $27.57/barrel
January $21.13/barrel
Today’s $16.50/barrel
(lowest since February 2002)(all-time high was $136.29 7/3/2008)