- North Dakota’s crude oil production passed 1M bbl/day in April and remained above the 1M benchmark in May on the strength of production from the Bakken and Three Forks formations.
- One reason for May's 3.6% M/M growth to 1.039M bbl/day was the addition of 227 producing wells through the state, with 10,892 producing wells in May compared to 10,665 in April.
- Average production per well in the state also grew between the months, to 2,959 barrels per well from 2,822 in April.
- North Dakota's oil fields now account for 12% of all U.S. oil production, and more than 1% of global production.
- Top Bakken producers include CLR, EOG, KOG, WLL, HES, XOM, OAS, NOG, EOX, MRO.
North Dakota crude production continues to grow, stays at 1M-plus bbl/day
From other sites
at CNBC.com (May 14, 2015)
Video at CNBC.com (May 14, 2015)
at CNBC.com (Mar 12, 2015)
Video at CNBC.com (Mar 12, 2015)
at CNBC.com (Feb 27, 2015)
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