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212 comments on DrumBeat: November 10, 2008

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elwoodelmore on November 10, 2008 - 1:53pm Permalink | Subthread | Parent | Comments top

difficult to read your scale, but nd is producing a little over 165,000 barrels per day (165 kb/d)which is more than their previous 1984 peak. parshall field is producing about 30 kb/d, 1 million barrels per month.

and ness is basing his minimum price upon press release reserve figures. buyer beware.
generally, the available production data does not support the figures being cast about in almost daily press releases.

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ROCKMAN on November 10, 2008 - 2:08pm Permalink | Subthread | Parent | Comments top

elwood,

In your estimation is the bulk of Bakken flare gas a result of the potential to never getting access to pipelines or more of not wanting to wait for connections to get within reach? I'm guess that much of the drilling has gotten ahead of gathering system development. A true shame if they're wasting NG that might otherwise be sold in a year or two.

Last year I watched 20+ million cf per day of NG flared from a platform of the coast of W Africa. The operator even offered to lay a line for free to the mainland and give it free to the gov't but was turned down: the gov't didn't want to bother with building a distribution system. Truly sickening to watch it day after day.

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elwoodelmore on November 10, 2008 - 6:12pm Permalink | Subthread | Parent | Comments top

parshall was isolated when it was discovered in '06 there was no pipeline close. as of august, there were 68 wells producing in parshall and 29 rigs running in all of mountrail county. so developement may have been less than orderly, but the ndic apparently doesnt wants to discourage the drilling of additional wells so they let the operators flare on. and who is going to wait for a pipeline connection to start producing when the company formerly known as enron can and will drill baby drill(and flare baby flare) and drink your milkshake.

i dont know why the company formerly known as enron cant see the foolishness of wasting that much gas. or why the ndic, whose mission is to prevent waste and protect correlative rights continues to allow that much gas to be flared.

probably because the company formerly known as enron is mainly interested in the bottom line on their next quarterly report. north dakota is a red state.

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The Dude on November 10, 2008 - 2:26pm Permalink | Subthread | Parent | Comments top

Like I said the chart gives kb/month, not kb/day, if that's what's throwing you. My point was to illustrate how minor a part the Bakken is playing in increasing US supply.

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advancednano on November 10, 2008 - 3:14pm Permalink | Subthread | Parent | Comments top

https://www.dmr.nd.gov/oilgas/stats/historicaloilprodstats.pdf

North Dakota Production is over 177,000 barrels per day in August, 2008. Barrels per well increasing from 1000 last year to 1400 this year. This does not include about 50,000 bopd from Montana or the Saskatechwan bakken oil.

April 2008 oildrum talking about 75000 bopd in 2007.
http://www.theoildrum.com/node/3868

There may be a Bakken Pipeline spur
http://money.cnn.com/news/newsfeeds/articles/apwire/412a90b669b872d9a419...

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212 comments on DrumBeat: November 10, 2008

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