Geoff Simon's Quick Connects -- September 24, 2021

• Burgum: Net neutral goal set off $25 billion 'cascade' of interest -- Williston Herald

• Line 3 pipeline protests continue; activists want Biden to shut it down -- ABC News

• Antelope Valley Station fire had little effect on power output -- Bismarck Tribune

• Guilty plea to criminal charges for largest oilfield spill in ND history -- Fargo Forum

• Port: Are you ready for a winter of skyrocketing energy prices? -- Fargo Forum

• MHA Chairman explains the importance of royalty changes for drilling -- KX News

• Opinion: Oil and gas taxes pay for a lot of social benefits in Canada -- Financial Post

• Committee okays draft North Dakota legislative redistricting map -- Bismarck Tribune

• Hess plant annexation discussed without city's knowledge -- Tioga Tribune

• ND State Board of Ag Research and Education seeks input on needs -- Farm Forum

• National Park Service awards grants to North Dakota projects -- Bismarck Tribune

• Association wants input into proposed Scandinavian Heritage Center renovation -- Minot Daily News

• School officials, legislators discuss ways to get more computer science in classroom -- KFYR-TV

• School sees more satisfaction from newer COVID-19 policies -- Crosby Journal

• County healthcare system begins accepting COVID-19 patients -- McKenzie County Farmer

• KIDS COUNT report outlines how state can build better child care system -- Dickinson Press

• World's largest oil trader sees oil topping $80/barrel by year-end -- OilPrice.com

• Europe's climate lesson for America; Wind power is failing, prices soaring -- Wall Street Journal

• Regulators offer ideas for Texas grid overhaul in wake of winter storm -- Dallas Morning News

• ExxonMobil plans to offer "differentiated" natural gas, methane capture certified -- ExxonMobil

• An anti-green, anti-environmentalist backlash could reshape British politics -- The Economist

• EIA expects increasing consumption of natural gas by U.S. industry in 2021 and 2022 -- EIA

DUCs -- August, 2021 Data

Provided by a reader; sent to me on September 22, 2021.

The reader sent me data for all major plays in the US. Here is the Bakken data.

A lot of hand-wringing over DUCs.

• December, 2013: 570 DUCs in the Bakken.
• Fast forward to August, 2021: 563 DUCs in the Bakken. 

Production maintained:

• despite only 39 wells drilled in August, 2021
• despite only 66 wells completed in August, 2021

Ten days to drill a well:

• how many rigs needed to drill 40 wells in one month?
• one rig could drill three wells in one month
• 40 / 3 = 13 rigs
• there are about 26 active rigs in North Dakota
• so, with 26 active rigs and 40 wells drilled = 1.5 wells / rig / month = about 15 days per well which is more realistic

	Bakken
	Drilled	Completed	DUCs
Dec-13	--	--	570
Jan-14	178	143	605
Feb-14	210	158	657
Mar-14	224	218	663
Apr-14	217	207	673
May-14	226	208	691
Jun-14	236	225	702
Jul-14	250	243	709
Aug-14	226	207	728
Sep-14	256	232	752
Oct-14	186	243	695
Nov-14	209	202	702
Dec-14	224	194	732
Jan-17	62	52	781
Feb-17	51	58	774
Mar-17	78	71	781
Apr-17	78	104	755
May-17	94	82	767
Jun-17	76	105	738
Jul-17	95	103	730
Aug-17	99	110	719
Sep-17	98	97	720
Oct-17	104	110	714
Nov-17	93	86	721
Dec-17	77	65	733
Jan-18	107	72	768
Feb-18	74	74	768
Mar-18	95	90	773
Apr-18	109	110	772
May-18	124	131	765
Jun-18	108	118	755
Jul-18	134	155	734
Aug-18	108	138	704
Sep-18	108	122	690
Oct-18	120	118	692
Nov-18	110	99	703
Dec-18	108	70	741
Jan-19	120	71	790
Feb-19	108	56	842
Mar-19	111	110	843
Apr-19	118	112	849
May-19	127	127	849
Jun-19	118	149	818
Jul-19	122	121	819
Aug-19	122	144	797
Sep-19	110	87	820
Oct-19	116	108	828
Nov-19	96	88	836
Dec-19	94	86	844
Jan-20	99	98	845
Feb-20	94	99	840
Mar-20	94	108	826
Apr-20	69	32	863
May-20	33	14	882
Jun-20	18	11	889
Jul-20	18	22	885
Aug-20	19	27	877
Sep-20	18	51	844
Oct-20	19	42	821
Nov-20	20	34	807
Dec-20	20	51	776
Jan-21	20	47	749
Feb-21	19	28	740
Mar-21	25	47	718
Apr-21	27	52	693
May-21	29	68	654
Jun-21	31	65	620
Jul-21	32	62	590
Aug-21	39	66	563