North Dakota Oil Production Hits a new High.
Congrats for making that mild December count. Due to the mild winter conditions in November and December, oil production in the sunflower state grew 2 percent and natural gas production grew 5 percent. The initial count is 2.65 billion cubic feet per day. It is the highest amount of the year with the previous high being 1.39 million barrels per day which happened in October.
According to the Bismarck Tribune :
Natural gas flaring decreased slightly in December, but continues to miss the goals set by the North Dakota Industrial Commission.
“That’s going to really be our challenge going through the entire year of 2019,” Helms said.
Companies captured an all-time high of 2.1 billion cubic feet per day in December. Operators burned off 513 million cubic feet per day, or 19 percent of gas produced statewide. The Industrial Commission targets limit flaring to 12 percent.
Operators voluntarily restricted oil production by about 35,000 barrels per day in December to stay within flaring limits, Helms estimates.
If the weather continues to cooperate once we get out of winter though, who knows, we could be looking at a higher number by the end of the year.