North Dakota oil production is on pace to eclipse 1 million b/d by year-end. The state reported production of ~932,000 b/d in September and is expected to add between 20,000 and 30,000 b/d each month going forward.

ND natural gas production set a new record at 1.06 bcf/d.

The state should also eclipse 10,000 producing wells before year-end. The real risk to any of the above trends is snow and cold weather.

Other takeaways include:

• 207 wells were completed in September - up from 153 in August
• One well is getting completed for every 1.5 drilled
• Time from spud to first production held at ~100 days
• >95% of drilling targets the Bakken and Three Forks
• Natural gas prices near Watford City are trading near $3/mcf

Read the full director's cut at dmr.nd.gov