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  3. SEC-23-016

Ex. SEC-23-016 Order Primary source read

Director's Cut (July 17, 2020; May 2020 production data)

Director's Cut, July 17, 2020

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

The COVID Project

The record

Jurisdiction
North Dakota
Level
Sector regulator
Authority
As SEC-23-013
Issued
2020-07-17 July 17, 2020
Effective
n/a (read as 2020-07-17)
End
n/a (read as 2020-09-30)
In force
July 17, 2020 to Sept. 30, 2020
Quarters
2020 Q3
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 35... Waiting on completion 193... The number of well completions has been very volatile and has dropped dramatically since March as the number of active completion crews decreased from 25 to 1. Lower crude oil price has put extreme downward pressure on rig and completion crew counts.... Drilling permit activity is slower but has held up through the oil price collapse.... [liquid] fuel demand bottomed out in June, is recovering slowly and is not expected to reach full recovery until 2nd quarter [2021].

Enforcement

n/a

Notes

The Aug. 14 (rig count 17) and Sept. 15, 2020 (rig count 12) reports were read and not saved; they carry the same narrative.

Retrieval note

304281 bytes.