The Bakken and North Dakota production data for October is out. The Numbers a little surprising. Bakken & North Dakota Bakken production was up 7,520 barrels per day to 1,113,930 bpd while all North Dakota was up 6,787 bpd to 1,168,950 bpd. ND BPD Change The month to month change in North Dakota oil production is really all over the map. The 12 month trailing average gives a better indication of what is happening. It went slightly negative last month and is still negative after October numbers were added. September Producing Wells = 13,036 October Producing Wells = 13,174 (preliminary) 10,567 wells or 80% are now unconventional Bakken Three forks wells 2,607 wells or 20% produce from legacy conventional pools September Sweet Crude Price = $31.17/barrel October Sweet Crude Price = $34.37/barrel November Sweet Crude Price = $32.16/barrel Today’s Sweet Crude Price = $27.00/barrel (low point since Bakken play […]