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Lynn Helms - Director's Cut

Oct 12, 2018


Lynn HelmsOil Production
July 39,347,975 barrels = 1,269,290 barrels/day (Final)
August 40,036,384 barrels = 1,291,496 barrels/day 
 (NEW all-time high tops July record)

Gas Production
July 74,206,466 MCF = 2,393,757 MCF/day
August 75,570,551 MCF = 2,437,760 MCF/day (New all-time high tops July record)

The drilling rig count was down five from July to August, increased four from August to September, and is currently up two from September to today. Operators have shifted from running the minimum number of rigs to incremental increases and decreases based on gas capture, completion crew availability, and oil price. Current operator plans are to add 1-5 more rigs in 2019 depending on workforce and infrastructure constraints.

The number of well completions has become variable again due to gas capture, workforce, and weather at 85 (final) in June, 125 (final) in July, and 114 (preliminary) in August.

Click here for the full report.

 
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