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North Dakota crude oil production averaged an all-time high 770K bbl/day in Dec. 2012, trailing...

  • Tuesday, March 19, 9:59 AM ET
    North Dakota crude oil production averaged an all-time high 770K bbl/day in Dec. 2012, trailing only Texas among U.S. states and more than doubling in annual output in two years. North Dakota continues to enjoy the lowest U.S. unemployment rate while California is tied for the highest at 9.8%, but it doesn't need to stay that way; California's economy could surge if the state tapped into its huge Montney shale fields.
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This news story has 8 comments:

  •  
    The best way to run a state government is see what California is doing then do the opposite.
    19 Mar, 10:20 AM Reply Like
  •  
    This actually old data, as January production is down by 5% due to a blast of old man winter...

    The biggest impact is road travel because of ice and snow bring delays to the transportation supply chain..
    19 Mar, 11:14 AM Reply Like
  •  
    anyone else think this pace can continue as year 1 and 2 depletion rates speed up the treadmill?
    19 Mar, 11:43 AM Reply Like
  •  
    With the rate of drilling up there, the pace will probably keep rising as long as they have pads to drill on.
    19 Mar, 01:32 PM Reply Like
  •  
    California is run by Democrats. Need I say more?
    19 Mar, 12:15 PM Reply Like
  •  
    I thought the republicans through the honorable "terminator" was running california for a long time. The question is will he be back?
    19 Mar, 12:31 PM Reply Like
  •  
    Last time I checked, Cali's picture was improving.
    19 Mar, 03:50 PM Reply Like
  •  
    that is the QUESTION, pads, pads, pads

    they can find them in the emptiness of those areas and large parts of texas but the east and west are tough

    i bet on natgas going up last spring because i am convinced that a large part of the drilling is to meet tract lease covenants and the depletion rates are ridiculous
    20 Mar, 05:52 AM Reply Like
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