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October 07, 2011

North Dakota has a new record of 440,000 barrels a day in August

Dickinson Press - North Dakota was producing 440,000 barrels a day in August, according to Helms.(Department of Mineral Resources Director Lynn Helms ) While some counties may not produce as much as others, Helms predicted that North Dakota could produce up to 800,000 barrels a day by the end of 2011 2015 (the article said 2011 but the rest of the quote reads more like 2015. “We think it is going to go up for the next four years,” Helms said. “There is no real evidence of a slow down in this thing.”

I could see ending 2011 with 500,000 barrels a day or a date of the end of 2013 or 2014 for 800,000 where 10,000 to 15,000 barrels a day was added each month of 2013 or 2014.

I have the full presentation and it looks like the optimistic case is for 2013-2014 for 800,000 barrels per day

The United States produces 5.5 million barrels a day. Helms said North Dakota will contribute close to 15 percent of the country’s oil when it reaches 800,000 barrels a day.

“We will produce more than California and Alaska,” Helms said. “Texas will be the only state to produce more than us.”




North Dakota can expect an additional 2,000 wells, 100 rigs, and more than 20,000 jobs by the end of 2011.

The state produces more than 420,000 barrels of oil daily from more than 5,700 wells. It could have more than 25,000 wells drilled in the next several years



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