ND releases new oil and gas production figures | News, Sports, Jobs

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Eloise Ogden / MDN The North Dakota Department of Mineral Resources announced new oil and gas production figures for the state on Friday.

BISMARCK – North Dakota produced 1,077,789 million barrels of oil per day in July, down from the previous month when the state produced 1,133,498 barrels of oil per day.

The figures released Friday by the North Dakota Department of Mineral Resources are the most recent available. Figures are normally about two months late.

The state also produced 89,122,575 MCF or 2,874,922 MCF per day of natural gas in July. In June, the state produced 89,634,861 MCF or 2,987,829 MCF per day of natural gas. The percentage of gas capture was 90% in July and 92% in June.

As of Friday, the price of light sweet crude from North Dakota was $ 65.50 and that of West Texas Intermediate was $ 72.61.

Twenty-seven rigs were actively working in the oil field on Friday.

The state had a preliminary number of 16,881 producing wells in July. In June, there were 16,844 producing wells.

The Fort Berthold reserve produced 236,638 barrels of oil per day in July. Three platforms were actively working on the reserve. The reserve has 2,590 active wells.

Lynn Helms, director of the mineral resources department, said the number of rigs fell 59% from January 2020 to July 2021 and was slowly increasing.

He said the number of well completions has been low and volatile since April 2020, with the number of active completion teams increasing from 25 to one, then dropping to six in July 2021 and to 12 this week.

As of July, 521 wells were awaiting completion. The previous month, 680 wells were awaiting completion, according to figures released on Friday. The current number of wells awaiting completion at Fort Berthold was not available at this time.

“OPEC + reached a deal on Sunday to phase out 5.8 million barrels per day of cutbacks in oil production by September 2022, as commodity prices hit their highest levels in more than two decades. “Coordinated increases in oil supply to the group known as OPEC + began in August. Overall production will increase by 400,000 barrels per day on a monthly basis from then on,” Helms said.

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