North Slope oil production is dropping

North Slope oil production is running lower this year, according to state production data. For the state scal year-to-date through February daily production is down 1,876 barrels a day. When part of March is included and extrapolated to the end of the month, the decline increases to 2,535 barrels daily. The year-to-day average production average is 518,352 barrels/day. Legislators are building the state’s budget around a 526,000 b/d estimate made late last year. Production in the next three months will have to average 568,843 b/d to meet that.
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AOGCC: Oil-producing well jobs up

The number of “workover” activities on producing oil wells, a key factor in maintaining production, dropped since 2015 to about 1,150 compared with over 1,500 in 2015. However, workovers aimed at producing oil increased in 2017 over 2016 and are even with 2015. There were about 580 such projects in 2017, about the same as 2015 but greater than 2016. The number of well repair jobs declined for the past three years, however. The data was given to state legislators by the Alaska Oil and Gas Conservation Commission.