september 2020 monthly update north dakota pipeline ... … · 15/9/2020 · september 2020...
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September 2020 Monthly Update
North Dakota Pipeline Authority
Justin J. Kringstad
September 15, 2020
US Williston Basin Oil Production - 2020
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North Dakota Monthly Production Change
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March to July 75+% M-O-M Oil Drop
(Non-Confidential Wells Only)
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May to July Shut-In Comparison
(Non-Confidential Wells Only)
June 2020May 2020 July 2020
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Vintage Year of Shut-In Wells – July 2020
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GOR Changes in Returning Curtailed Wells
Well Selection Criteria
Production Days in May: 0-1 Days
March Oil Production: >1 BOPD
June Oil Production: >1 BOPD
Pool: Bakken/Three Forks/Sanish
(Non-Confidential Wells Only)
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Monthly Completion Scenarios - Oil
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Monthly Completion Scenarios - Gas
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North Dakota Completions
Estimated Williston Basin Oil Transportation
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July 2020
Estimated Williston Basin Oil Transportation
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Estimated ND Rail Export Volumes
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Rail Destinations Market Share (June 2020)
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Data for Rail Destination Market Share Provided by the US Energy Information Administration
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Major Rail Lines and Refineries
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$39.40
$36.49
$36.74
$36.27
$37.71
EIA June 2020 Refiner Acquisition Cost
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Cushing $37.56
Brent $39.83WTI + $2.27
Crude Oil Prices – Sep. 15, 2020
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Pricing Data: Bloomberg &
CME (LLS-Argus)LLS (Argus)WTI + $1.41
Williston Basin Truck/Rail Imports and Exports with Canada
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Data for imports/exports chart is provided by the US International Trade Commission and represents traffic across US/Canada border in the Williston Basin area.
Simple Terms
Blue – Lack of pipelines
Orange – Challenges on existing
infrastructure
GREEN – % of gas captured and sold
Blue – % flared from zero sales wells
Orange – % flared from wells with at
least one mcf sold.
July 2020 Data – Non-Confidential Wells
Statewide
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Solving the Flaring Challenge
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Solving the Flaring Challenge
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Solving the Flaring Challenge
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EIA Oil Price Forecast*
*EIA August 2020 SEO and January 2020 AEO Blend
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Solving the Flaring Challenge
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Solving the Flaring Challenge
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Major Gas Pipeline and Processing Infrastructure
WBI Transmission
M.P.
Justin J. Kringstad, DirectorNorth Dakota Pipeline Authority
600 E. Boulevard Ave. Dept. 405Bismarck, ND 58505-0840
Phone: (701)220-6227Fax: (701)328-2820
E-mail: [email protected]
Websites: www.pipeline.nd.gov
www.northdakotapipelines.com
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Contact Information
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