Had to take the post down folks, the reputable firm threatened to sue me. Sorry.
Ron
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The Texas RRC Production Data is out. There appear to be no big surprises this month. All RRC data is through September but the EIA data is only through August.
Note: For all those not familiar with the Texas Railroad Commission data it is always incomplete. That is the reason for the drooping data lines you see in the charts. The EIA data is what they believe the final estimate will be.
Final month production was just a little higher in September than August. That usually indicates a small uptick in production. But the data is so incomplete it is hard to tell.
The NDIC has published their monthly update for Bakken Oil Productin and all North Dakota Oil Production.
Bakken production was down 24,424 barrels per day while all North Dakota was down 25,378 bpd.
North Dakota Spuds hit 5 year low. Not since January of 2010 have spuds been below 77, the point they hit in September.
Data for the below chart is from the Weekly Petroleum Status Report.
Here we have a three year WTI price comparison chart. You can see that the 2014 price collapse began at almost the exact same time of the year as the 2008 price collapse. The 2008 collapse was a lot more dramatic and fell faster and slightly lower than the 2014 collapse. The 2008 collapse bottomed out around Christmas of that year and the 2014 did not pause until late January 2015. However by late October 2009 the WTI price was already in the $80 range. This time however we are still stuck below $50.