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Ex. SEC-23-015 Order Primary source read

Director's Cut (June 12, 2020; April 2020 production data)

Director's Cut, June 12, 2020

NDIC Department of Mineral Resources, Oil and Gas Division · North Dakota (Sector regulator)

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The COVID Project

The record

Jurisdiction
North Dakota
Level
Sector regulator
Authority
As SEC-23-013
Issued
2020-06-12 June 12, 2020
Effective
n/a (read as 2020-06-12)
End
n/a (read as 2020-06-30)
In force
June 12, 2020 to June 30, 2020
Quarters
2020 Q2
Limitation types
Other
Addressees
  • the Commission; operators; the public
Functions reached
  • DR
  • SV
  • EX
  • WF
Collection
Mining, Oil and Gas, and Energy Services SEC-23

Operative words

Rig Count 52... Waiting on completion 85... Industry projected 50-75% reduction in rig count May - June and the count is already down 82% with 1-2 more rig [releases expected]. The number of well completions has been very volatile and has dropped dramatically since April as the number of active completion crews decreasing from 25 to 1.... The OPEC+ agreement to cut 9.7 million barrels per day has been extended through July.

Enforcement

n/a

Notes

Reports April 2020 production; the month of the negative WTI settlement and of the deepest curtailment.

Retrieval note

306101 bytes.

A record of The COVID Project. The instrument's text is the source's; the summary fields are The COVID Project's reading of it. Not legal advice.