The latest figures released by the North Dakota Industrial Commission's Oil and Gas Division show November oil production was 21,992,345 barrels or 733,078 barrels/day, down from October's record high of 23,225,571 barrels, or 749,212 barrels/day. The November numbers are preliminary.
Natural gas production for November was reported at 23,481,782 MCF, or 782,726 MCF/day, down from October's record of 24,731,342 MCF, or 797,785 MCF/day.
The total number of producing wells increased to a record high of 8,101, up 66 from 8,035 wells reported in October.
In his comments accompanying the release of today's figures, North Dakota Department of Mineral Resources Director Lynn Helms wrote...
"November saw a small decline in drilling with a very large decline in hydraulic fracturing resulting in a 2.2% decline in oil production rate from October. More operators are transitioning to higher efficiency rigs and implementing cost cutting measures at the end of their 2012 capital budgets, but the primary reason was winter storm Brutus. Williams County was impacted the most with November 10, 2012 being the snowiest day since 1901. The idle well count rose sharply indicating an estimated 410 wells waiting on fracturing services. Rapidly escalating well costs consumed capital spending budgets faster than many companies anticipated and uncertainty surrounding future federal policies on taxation and hydraulic fracturing impacted capital investment decisions. Over 95% of drilling still targets the Bakken and Three Forks formations."
North Dakota ---------- total oil & gas production
Latest figures from the NDIC Department. of Mineral Resources
Nov 2012 oil production -- 21,992,345 bbls
Nov 2012 gas production -- 23,481,782 mcf
Nov 2012 producing wells -- 8,101
ND Department of Mineral Resources Production Graph >
One Year Snapshot using adjusted numbers from NDIC monthly production reports
Oil Natural gas
11/2011 ---• 15,318,314 barrels • 15,683,641 mcf • 6,347 producing wells
12/2011 ---• 16,586,477 barrels • 16,891,897 mcf • 6,478 producing wells
1/2012 --- • 16,935,846 barrels • 17,738,391 mcf • 6,624 producing wells
2/2012 --- • 16,198,174 barrels • 17,454,211 mcf • 6,739 producing wells
3/2012 --- • 17,901,807 barrels • 19,302,603 mcf • 6,932 producing wells
4/2012 --- • 18,285,087 barrels • 19,525,128 mcf • 7,036 producing wells
5/2012 --- • 19,839,420 barrels • 21,360,912 mcf • 7,205 producing wells
6/2012 --- • 19,938,546 barrels • 20,998,335 mcf • 7,365 producing wells
7/2012 --- • 20,963,713 barrels • 22,295,369 mcf • 7,481 producing wells
8/2012 --- • 21,743,671 barrels • 23,633,182 mcf • 7,719 producing wells
9/2012 --- • 21,877,429 barrels • 23,874,169 mcf • 7,899 producing wells
10/2012 ---• 23,225,571 barrels • 24,731,342 mcf • 8,035 producing wells
11/2012 ---• 21,992,345 barrels • 23,481,782 mcf • 8,101 producing wells preliminary
Source: North Dakota Industrial Commission
Natural gas production for November was reported at 23,481,782 MCF, or 782,726 MCF/day, down from October's record of 24,731,342 MCF, or 797,785 MCF/day.
The total number of producing wells increased to a record high of 8,101, up 66 from 8,035 wells reported in October.
In his comments accompanying the release of today's figures, North Dakota Department of Mineral Resources Director Lynn Helms wrote...
"November saw a small decline in drilling with a very large decline in hydraulic fracturing resulting in a 2.2% decline in oil production rate from October. More operators are transitioning to higher efficiency rigs and implementing cost cutting measures at the end of their 2012 capital budgets, but the primary reason was winter storm Brutus. Williams County was impacted the most with November 10, 2012 being the snowiest day since 1901. The idle well count rose sharply indicating an estimated 410 wells waiting on fracturing services. Rapidly escalating well costs consumed capital spending budgets faster than many companies anticipated and uncertainty surrounding future federal policies on taxation and hydraulic fracturing impacted capital investment decisions. Over 95% of drilling still targets the Bakken and Three Forks formations."
North Dakota ---------- total oil & gas production
Nov 2012 oil production -- 21,992,345 bbls
Nov 2012 gas production -- 23,481,782 mcf
Nov 2012 producing wells -- 8,101
ND Department of Mineral Resources Production Graph >
One Year Snapshot using adjusted numbers from NDIC monthly production reports
Oil Natural gas
11/2011 ---• 15,318,314 barrels • 15,683,641 mcf • 6,347 producing wells
12/2011 ---• 16,586,477 barrels • 16,891,897 mcf • 6,478 producing wells
1/2012 --- • 16,935,846 barrels • 17,738,391 mcf • 6,624 producing wells
2/2012 --- • 16,198,174 barrels • 17,454,211 mcf • 6,739 producing wells
3/2012 --- • 17,901,807 barrels • 19,302,603 mcf • 6,932 producing wells
4/2012 --- • 18,285,087 barrels • 19,525,128 mcf • 7,036 producing wells
5/2012 --- • 19,839,420 barrels • 21,360,912 mcf • 7,205 producing wells
6/2012 --- • 19,938,546 barrels • 20,998,335 mcf • 7,365 producing wells
7/2012 --- • 20,963,713 barrels • 22,295,369 mcf • 7,481 producing wells
8/2012 --- • 21,743,671 barrels • 23,633,182 mcf • 7,719 producing wells
9/2012 --- • 21,877,429 barrels • 23,874,169 mcf • 7,899 producing wells
10/2012 ---• 23,225,571 barrels • 24,731,342 mcf • 8,035 producing wells
11/2012 ---• 21,992,345 barrels • 23,481,782 mcf • 8,101 producing wells preliminary
Source: North Dakota Industrial Commission
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