The Bakken and North Dakota production numbers are in for June. There was a big jump in oil production in June. The Bakken was up 53,162 barrels per day to 1,028,352 bpd. All North Dakota was up 52,148 bpd to 1,092,617 meaning the area outside the Bakken was down about 1,000 bpd. Bakken Barrels Per Day May Sweet Crude Price = $88.31/barrel July Sweet Crude Price = $86.20/barrel Today’s Sweet Crude Price = $79.50/barrel (all-time high was $136.29 7/3/2008) The drilling rig count was up one from May to June, and up two more from June to July. The number of well completions increased as weather impacts eased in June with significant rainfall on 2 days near Minot and 1 day near Dickinson. However, there were still 6 to 8 days with wind speeds in excess of 35 mph (too high for completion work). At the end of June […]