Tuesday, March 4, 2025

North Dakota Setting Records

Another gas production record North Dakota’s State Industrial Commission has released new production stats for the month of March 2018. Oil production reached 36,024,209 barrels in March, or 1,162,071 BPD (preliminary). The report said that 95% (1,106,836 BPD) of production came from the Bakken/Three Forks, with the remaining 5% (55,235 BPD) from legacy conventional pools. Gas production reached an all-time

U.S. Oilpatch Productivity Multiple Climbs Above 3.0 - Oil & Gas 360

EnerCom Effective Rig Count Rises to 2,826 – But Permian Efficiency Gains Tap the Brakes

Current operations 3.15 times more productive than those of January 2014 EnerCom has released the latest Effective Rig Count, examining the state of drilling activity in major shale basins. The EERC rose in April, reaching 2,826 rigs. This indicates it would take 2,826 rigs from January 2014 to match the current activity level, due to the significant improvements in techniques