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Lynn Helms - Director's Cut

Nov 15, 2017


Lynn HelmsOil Production
August - 33,768,855 barrels = 1,089,318 barrels/day
September - 33,213,127 barrels = 1,107,104 barrels/day (preliminary)
(all-time high was Dec 2014 at 1,227,483 barrels/day)

Gas Production
August - 60,445,828 MCF = 1,949,865 MCF/day
September - 58,282,197 MCF = 1,942,740 MCF/day (all-time high was 1,949,865 MCF/day August 2017)

The drilling rig count was unchanged from August to September and from September to October, and is currently down one from October to today.  Operators have shifted from running the minimum number of rigs to incremental increases and decreases as WTI oil price moves between $40 and $50/barrel. 

The price of natural gas delivered to Northern Border at Watford City is up $0.07 at $2.57/MCF.  This results in a current oil to gas price ratio of 19 to 1.  The percentage of gas flared increased to 17% primarily due to six force majeure events.  September 2017 is the first month that industry missed gas capture targets in 3 years of reporting.

Click here for the full report.

 
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