North Dakota down over 70,000 bpd in April
Largest drop ever in North Dakota production. The Bakken is now under one million barrels per day.
This gives you some idea of the erratic nature of North Dakota production. But as you can see, the decline is accelerating.
The EIA’s Drilling Productivity Report gives past Bakken production numbers, which includes the Montana portion, and future estimates for the next couple of months. The average difference between North Dakota production and total Bakken production has been about 27,500 bpd. However for April the difference is almost 63,000 barrels. So it looks like for once the DPR estimate is way too conservative. The DPR estimate is through July while the north Dakota data is only through April.
…click on the above link to read the rest of the article…
