Eight month of flat to down production from the Bakken.
I have shortened the data to 16 months here to give a better picture of what is really happening. North Dakota reached an 8 month low. North Dakota, in April, was 17,631 barrels per day below their September 2014 production. The Bakken was only 11,024 below September 2014 so conventional wells seem to be dropping off pretty fast.
The Baken is 54,599 bpd below their peak in December and all North Dakota is 59,385 bpd below their December Peak.
As usual there was very little adjustments in the previous month's data. Bakken March production was adjusted down by 114 barrels per day while North Dakota production was adjusted down by 81 barrels per day.
Bakken BPD per well has been dropping for four months now. Bakken bpd per well now stands at 116, down 4 from March. All North Dakota bpd per well is now 96, down 3 while conventional wells bpd per well is 23, down 1 from March.
Bakken wells producing increased by 107 while North Dakota wells producing increased by 101.
The North Dakota rig count now stands at 75, down 7 since Wednesday.
The EIA's weekly C+C production has been increasing. It is way up in May and June but since the North Dakota production only goes through April, I have limited the above chart to a monthly average of weekly production through April. From December to April, the monthly average of the EIA's weekly production was up 256,000 bpd while North Dakota production was down 59,000 bpd. That means that from December to April, US production, less North Dakota, had to be up 315,000 bpd.
And need I remind you of what has happened to US production since April. The EIA weekly crew has US production up another 237,000 bpd to 9,610,000 barrels per day.
Enno Peters posted the above charts.
Also from Enno's data I counted 153 new wells that went on line in April, or 5.1 wells per day. That compares to 188 that went on line in March or 6.06 per day. Those 188 new wells brought production up 12,371 bpd while those 153 wells saw a decline of 21,866 bpd. So according to my calculations it would have taken about 175 new wells to have kept production flat. That's a few more than I would have thought.
And Verwimp sends his Bakken prediction above.