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September 2020 Monthly Update North Dakota Pipeline Authority Justin J. Kringstad September 15, 2020

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Page 1: September 2020 Monthly Update North Dakota Pipeline ... … · 15/9/2020  · September 2020 Monthly Update North Dakota Pipeline Authority Justin J. Kringstad September 15, 2020

September 2020 Monthly Update

North Dakota Pipeline Authority

Justin J. Kringstad

September 15, 2020

Page 2: September 2020 Monthly Update North Dakota Pipeline ... … · 15/9/2020  · 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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6JJ Kringstad - North Dakota Pipeline Authority (Non-Confidential Wells Only)

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

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Estimated Williston Basin Oil Transportation

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July 2020

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Estimated Williston Basin Oil Transportation

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Estimated ND Rail Export Volumes

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Page 14: September 2020 Monthly Update North Dakota Pipeline ... … · 15/9/2020  · September 2020 Monthly Update North Dakota Pipeline Authority Justin J. Kringstad September 15, 2020

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

JJ Kringstad - North Dakota Pipeline Authority

Page 16: September 2020 Monthly Update North Dakota Pipeline ... … · 15/9/2020  · September 2020 Monthly Update North Dakota Pipeline Authority Justin J. Kringstad September 15, 2020

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

Page 17: September 2020 Monthly Update North Dakota Pipeline ... … · 15/9/2020  · September 2020 Monthly Update North Dakota Pipeline Authority Justin J. Kringstad September 15, 2020

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.

Page 18: September 2020 Monthly Update North Dakota Pipeline ... … · 15/9/2020  · September 2020 Monthly Update North Dakota Pipeline Authority Justin J. Kringstad September 15, 2020

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.

Page 25: September 2020 Monthly Update North Dakota Pipeline ... … · 15/9/2020  · September 2020 Monthly Update North Dakota Pipeline Authority Justin J. Kringstad September 15, 2020

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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