September 16, 2013

North Dakota Oil Production reaches a record 874681 barrels per day in July

North Dakota Oil production has more than doubled in two years to 874,681 barrels per day in July.



North Dakota's Bakken oil production has reach 810,000 barrels per day.



North Dakota production seems likely to continue to increase throughout 2013 and 2014.
Annual North Dakota Bakken oil production is likely to be near 800,000 barrels per day.



Previous Race the Red Queen theory at the Oil Drum will be wrong

Rune Likvern posted several articles on theOildrum which indicated that annual Bakken North Dakota oil production would not get past 600,000-700,000 bpd on an annual basis. He made this projection back in 2012 and is clearly being proven to have been wrong.

In 2013, Rune modified the projection and clearly North Dakota's Bakken oil production is tracking toward the higher 1800 wells added per year line. Look at the dotted green line that is heading towards 1 million bpd in 2015.


Some of the more prominent references to the Race the Red Queen theory of Bakken Oil

Slate had an article which stated US shale oil abundance would not happen. They used the Race the Red Queen as part of the argument. At the time US crude oil production was about 6 million barrels per day and now it is 7.75 million barrels per day.

The Motley Fool mentioned the struggles with horizontal well production decline as part of an overall positive article for US oil production.

Smart Planet referred to the Race the Red Queen in an article that predicted that US crude oil production would not pass Saudi Arabia by 2020.

The Christian Science Monitor referred to Race the Red Queen in article about 5 possible energy surprises for 2013

Reuters mentioned it in an article back in early 2013 where Race the Red Queen was already proving to be wrong.



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