The North Dakota Industrial Commission (NDIC) reported June crude plus condensate (C+C) output on August 12, 2016. North Dakota(ND) Bakken/Three Forks (BTF) output fell by 20.46 kb/d in June to 973.86 kb/d. Overall ND C+C output fell to 1026.58 kb/d in June, a decrease of 185.2 kb/d in the past 12 months. Based on data from Enno Peters, 43 new wells started producing oil in June 2016. I pulled the charts below from shaleprofile.com (Enno Peter’s website). The chart above shows the number of new wells that started producing each month in North Dakota. The chart that follows shows the number of wells in North Dakota that started the drilling process each month. The number of drilled uncompleted (DUC) wells (chart above) has not changed very much since 2014 and the latest estimate is about 924 DUCs in the ND Bakken/TF. At some point these wells might be completed […]