Bakken December Data, Big Decline
Bakken production was down 28,604 barrels per day to 1,096,044 bpd. All North Dakota was down 29,506 bpd to 1,152,280 bpd.
This is just the last two years of the chart above. It gives a slightly better look at what is happening.
Barrels per day per well fell to 106 in the Bakken and to 90 in all North Dakota.
From the Director’s Cut
Producing Wells
November 13,100
December 13,119 (preliminary)(all time high was Oct 2015 13,190)
10,756 wells or 82% are now unconventional Bakken–Three forks wells
2,363 wells or 18% produce from legacy conventional pools.
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Permitting
November 125 drilling and 0 seismic
December 95 drilling and 0 seismic
January 78 drilling and 0 seismic (all time high was 370 in 10/2012)
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ND Sweet Crude Price
November $32.16/barrel
December $27.57/barrel
January $21.13/barrel
Today’s $16.50/barrel
(lowest since February 2002)(all-time high was $136.29 7/3/2008)
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