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November 1, 2021updated 09 Nov 2021 8:02am

North Dakota oil and gas production activity up by 3.01% in August 2021

By Carmen

North Dakota witnessed an increase of 3.01% in total oil and gas production to 15,75,373 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production declined by 2.14% in August 2021 from 16,09,784.91 boe/d in August 2020. On a YTD basis, the total oil and gas production in 2021 decreased by 2.23% from the same period in 2020.

In August 2021, oil production grew by 3.05% to 10,68,973.11 bd as against the previous month, while gas production up by 2.92% to 2,937.12 mmcf/d.

On a YTD basis, oil production decreased by 7.22% in 2021 when compared with the same period in 2020, while gas production rose by 10.81%. Out of the total oil and gas production in August 2021, oil held a 67.86% share, while gas had a 32.14% share.

 

In North Dakota, Continental Resources emerged as the largest oil and gas producer, recording a total oil and gas production at 2,49,284 boe/d in August 2021, an increase of 5.27% from the previous month. The company held a 15.41% share in oil production and 16.69% share in gas production in August 2021.

On a YTD basis, the company registered a 16.51% increase in total oil and gas production from the same period in 2020.

 

 

Compared with other counties in North Dakota, Mckenzie county recorded the highest oil and gas production, holding a 43.9% share in August 2021. The county witnessed a 0.05% decrease in production to 6,91,552.51 boe/d in August 2021 when compared with the previous month.

On a YTD basis, Mckenzie registered an increase of 3.07% in total production from the same period in 2020.

 

 

Methodology

All publicly announced wells data are included in this analysis, which is drawn from GlobalData’s USL48 database that provides insights into oil and gas permits and wells as disclosed by state ministry sites.

More in-depth reports and analysis on all reported information are available to subscribers through GlobalData’s Oil and Gas database.

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