Friday, February 11, 2011

Weather Slows Bakken Production

North Dakota's Director of Mineral Resources, Lynn Helms, posted his monthly update today. Commenting on the effects of the harsh winter, Helms reported an idle well count of 677, the most since February 2009 and June 2002 prior to that. Helms also noted reports that well over one million barrels have been stranded on producing locations periodically.

The report included the following production updates...

Nov Oil 10,695,153 barrels = 356,505 barrels/day
Dec Oil 10,659,867 barrels = 343,867 barrels/day (preliminary)

Nov Gas 10,693,372 MCF = 356,446 MCF/day
Dec Gas 10,601,691 MCF = 341,990 MCF/day (preliminary)

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