Bakken – Page 16 – Peak Oil Barrel

Bakken April Production Data

06/12/201506/13/2015 Ron Patterson 658 Comments

The North Dakota Industrial Commission is out with the April production Data for the Bakken and all North Dakota.

Eight month of flat to down production from the Bakken.

I have shortened the data to 16 months here to give a better picture of what is really happening. North Dakota reached an 8 month low. North Dakota, in April, was 17,631 barrels per day below their September 2014 production. The Bakken was only 11,024 below September 2014 so conventional wells seem to be dropping off pretty fast.

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The EIA’s Drilling Productivity Report

06/08/201506/08/2015 Ron Patterson 237 Comments

The EIA has released its latest Drilling Productivity Report. There were some interesting data presented in the report.

They say the Bakken peaked at 1,311,703 barrels per day in March and will have declined by 74,763 bpd in July.

The EIA says the Bakken will get 51,000 barrels per day in July from new wells but legacy wells will decline by 80,000 barrels per day leaving a decline of 29,000 bpd.

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Bakken by County and Legacy Decline

05/16/201505/16/2015 Ron Patterson 136 Comments

North Dakota publishes Historical Oil Production by County. However confidential wells are not included in these totals. But they also publish a State Summary Report which does include confidential well data for the previous two months. Working with both we can get a pretty good estimate of production from each county.

McKenzie had a 12,533 bp/d gain in March but they are still 32,447 below their December high.

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Bakken Data + Short Term Energy Outlook

05/13/201505/13/2015 Ron Patterson 322 Comments

North Dakota has published their Bakken Production Data as well as North Dakota Production Data.

North Dakota production was up 12,501 bpd above February but still stands 37,531 bpd below the December high and is still 789 bpd below the January production numbers.

Barrels per day per well is dropping, 12o for Bakken wells, 99 forN.D. Total and 23 for Conventional wells.

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OPEC April Data + The EIA’s DPR

05/12/201505/12/2015 Ron Patterson 147 Comments

The OPEC Monthly Oil Market Report is just out with crude only production numbers for all OPEC countries for April 2015.

According to their secondary sources OPEC 12 production was up 18,000 bpd but that was after March production had been revised up 39,000 bpd.

Saudi was up 27,000 bpd. They are still 15,000 bpd below their peak in August 2013.

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