State Oil Production Update - October 2013

According to preliminary data released today by the North Dakota Industrial Commission, North Dakota produced 29,190,760 barrels of oil in October 2013, compared to an adjusted total of 27,988,858 barrels in September 2013. Total gas production for October was 33,178,369 MCF (preliminary), compared to 31,972,079 MCF in September (adjusted). Total number of wells actually producing during October was 9,900 (preliminary), compared to 9,701 in September (adjusted).

The following comments from NDIC Mineral Resources Director Lynn Helms accompanied today's report...

The drilling rig count was unchanged from Sep to Oct and the number of well  completions dropped only slightly from 225 to 202, resulting in only a 1% increase in oil production. All McKenzie County roads were shut down for 3-4 days due to rain. McKenzie County has 1/3 of the drilling rigs and 29% of state production. This means production likely would have been 10,000-15,000 barrels per day higher without that weather event. Days from spud to initial production increased from 100 to 114. The uncertainty surrounding federal policies on taxation and hydraulic fracturing regulation continues to make investors nervous. More

  North Dakota ---------- total oil & gas production      

 Latest figures from the NDIC Department. of  Mineral Resources

Oct 2013 oil production --   29,190,760 bbls
Oct 2013 gas production -- 33,178,369 mcf
Oct 2013 producing wells -- 9.900
                                                                     
  ND Department of Mineral Resources  Production Graph  >

One Year Snapshot  using adjusted numbers from NDIC monthly production reports        
                             Oil                        Natural gas
10/2012 ---• 23,225,571  barrels    • 24,731,342 mcf     • 8,035 producing wells
11/2012 ---• 22,051,858  barrels    • 23,519,924 mcf     • 8,122 producing wells
12/2012 ---• 23,873,431  barrels    • 25,362,710 mcf     • 8,237 producing wells
1/2013 ---  • 22,871,411  barrels    • 24,553,644 mcf     • 8,342 producing wells
2/2013 ---  • 21,813,391  barrels    • 23,369,839 mcf     • 8,492 producing wells

3/2013 ---  • 24,272,969  barrels    • 26,236,344  mcf    • 8,639 producing wells

4/2013 ---  • 23,815,546  barrels    • 25,835,802  mcf    • 8,772 producing wells
5/2013 ---  • 25,149,118  barrels    • 27,787,115  mcf    • 8,932 producing wells
6/2013 ---  • 24,647,947  barrels    • 28,003,677  mcf    • 9,096 producing wells
7/2013 ---  • 27,147,818  barrels    • 30,133,812  mcf    • 9,334 producing wells
8/2013 ---  • 28,246,774  barrels    • 31,246,547  mcf    • 9,475 producing wells
9/2013 ---  • 27,988,858  barrels    • 31,972,079  mcf    • 9,701 producing wells
10/2013--  • 29,190,760 barrels      • 33,178,369 mcf      • 9,900 producing wells preliminary

Source: North Dakota Industrial Commission