Aug 20, 2026 · 33 min · 11 segments
The August 2026 Director's Cut features June 2026 production numbers and market updates from Department of Mineral Resources Director, Nathan Anderson, and North Dakota Pipeline Authority Executive…
Justin KringstadGuestDaveHostMarinaHostJune production came in strong at 34,583,871 barrels or averaging 1.153 million barrels per day.
The revenue forecast for the month was 1.15 million barrels per And the increase from May to June is 2.45%, or a 27,000 barrel per day increase from May to June.
Justin will cover a little bit more about the significance of that number in just a little bit.
You can see that is at 1.13, so significant percentage of the production comes from the Bakken.
Taking a quick look at the production by county, there's no material changes in the top five.
McKenzie, Williams, Dunn, Mount Trail, and Divide make up the top five, and McKenzie continues to dominate that with 33% of the production.
I will note that Divide County production is increasing and I'll show some of the reason for that in a later slide.
Looking at the top 10 crude producing states by quarter, nothing material that has changed month over month here.
Texas still continues to remain the top, followed by New Mexico and then North Dakota is the third leading producing state in the nation at 101.3 million barrels for the quarter.
Moving on to the rig data, taking a look, this data here comes from the Baker Hughes rig data.
July was approximately 588, so we continue to see an increase during this favorable price environment.
You can see the breakout of the number of rigs in Texas is at roughly 47%, and the North Dakota rig count, which we'll talk about in great detail over the next couple slides, is at 24 in August per the Baker Hughes rig number.
It's important to note that the Baker Hughes rig number is a monthly average number.
June production came in strong at 34,583,871 barrels or averaging 1.153 million barrels per day.
The revenue forecast for the month was 1.15 million barrels per And the increase from May to June is 2.45%, or a 27,000 barrel per day increase from May to June.
Justin will cover a little bit more about the significance of that number in just a little bit.
You can see that is at 1.13, so significant percentage of the production comes from the Bakken.
Taking a quick look at the production by county, there's no material changes in the top five.
McKenzie, Williams, Dunn, Mount Trail, and Divide make up the top five, and McKenzie continues to dominate that with 33% of the production.
I will note that Divide County production is increasing and I'll show some of the reason for that in a later slide.
Looking at the top 10 crude producing states by quarter, nothing material that has changed month over month here.
Texas still continues to remain the top, followed by New Mexico and then North Dakota is the third leading producing state in the nation at 101.3 million barrels for the quarter.
Moving on to the rig data, taking a look, this data here comes from the Baker Hughes rig data.
July was approximately 588, so we continue to see an increase during this favorable price environment.
You can see the breakout of the number of rigs in Texas is at roughly 47%, and the North Dakota rig count, which we'll talk about in great detail over the next couple slides, is at 24 in August per the Baker Hughes rig number.
It's important to note that the Baker Hughes rig number is a monthly average number.
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