North Dakota Pumps Record 113 Million Barrels Of Oil, Smashing Previous Record By 30 Million

Wow:

BISMARCK, N.D. (AP) — State Industrial Commission records show North Dakota pumped a record 113 million barrels of oil in 2010, smashing the previous high set a year earlier by 33 million barrels.

The state set production records almost monthly in 2010, jumping from an average of 236,200 barrels daily in January to nearly 343,900 in December.

State documents show a record 356,505 barrels was pumped daily in November, with nearly 10.7 million barrels produced for the month.

One year ago, North Dakota had an average daily drill rig count of 94. The state Industrial Commission says 169 rigs were drilling Monday.

This is an energy success story, and the economic impact of it is palpable in North Dakota where the state’s biggest problems are finding enough people to fill available jobs, maintaining infrastructure in the face of explosive growth and making sure the state’s politicians don’t fritter away windfall tax revenues on unnecessary growth in government.

It’s become cliche to say that the nation should emulate the North Dakota model for prosperity. North Dakota has actually been worse on spending than the national growth, with the state budget since 2003 growing faster than the national budget, and our “model” has essentially been “don’t mess around with oil.”

But there is a lesson here for national leaders, and that lesson is what can happen when you unshackle the energy sector from unnecessary taxation and regulation it will create prosperity. Which, frankly, is true of any sort of business.

Limited government means more prosperity.

Rob Port is the editor of SayAnythingBlog.com. In 2011 he was a finalist for the Watch Dog of the Year from the Sam Adams Alliance and winner of the Americans For Prosperity Award for Online Excellence. In 2013 the Washington Post named SAB one of the nation's top state-based political blogs, and named Rob one of the state's best political reporters. He writes a weekly column for several North Dakota newspapers, and also serves as a policy fellow for the North Dakota Policy Council.

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  • robert108

    It’s business doing what it’s supposed to do; supplying the demand.

  • Fred_the_Red

    Well don’t tell Obama or any Democrats . . . they’ll close it down

  • http://www.harlemghost.blogspot.com/ HarlemGhost

    I’m sure the DOE, Dept of Interior and the EPA are buring the midnight oil right now trying to find a way to shut it down …

    • blatt

      The midnight hybrid led you meant to say!

  • Dptracy

    Maybe if California were to open up its energy exploration efforts it could get on track to close the budget gap.

    • steveH01

      California already knows where the oil is in the state. It just won’t allow drilling and extraction.

  • Jim

    133 Million Barrels Oil / 21 Million Barrels per DAY(US oil consumption per day) = 6.3 days worth of oil.

    Yes, we need every drop, but North Dakota isn’t pumping nearly as fast as we consume it. Not even close.

    Just some perspective.

    • http://sayanythingblog.com Rob

      Nobody said ND was, by itself, going to make the nation energy independent. But we haven’t reached our peak yet either.

  • I H8 GOPers

    Shaefer, Port, Hennen, and the rest of the shills on Big Oil’s payroll sure sound dumb now with their “cut taxes or the pumps will stop” claims.

    Maybe some of the infrastructure needs in the Bakken region can get done now, since Big Oil refuses to pay as every other industry would have to.

    • http://sayanythingblog.com Rob

      Actually, the argument is that tax cuts will make this boom sustainable should market conditions change.

      And you spelled Schafer wrong.

      • I H8 GOPers

        Sorry,

        Schafer, Port, Hennon, and the rest of the shills for Big Oil sure sound dumb now…

        Thanks for not insulting everyone’s intelligence by denying that you are a shill for Big Oil.

    • Jimmypop

      no, they are 100% right. they could not be MORE right about it in concept. its just clear as a bell that now is not the time.

      • http://sayanythingblog.com Rob

        I guess I don’t understand the timing argument.

        Are you saying we should wait until they’re leaving to cut taxes? We should wait until there’s a problem before we fix it?

        Not very forward-thinking.

        • Jimmypop

          yes, we should wait until we have a problem or even see a faint glimmer of a problem to act…fixing problems we dont have should be left to the liberals.

  • http://oilandgas-investments.com Dj

    This is only the beginning, getting out oil out of rock is really changing the industry. You’ve got Bakken, you’ve got Cardium, the Paris Oil Basin, virtually every oil field on land that was played out, you can go back with fracing technology and get more.

  • Deepthought

    Wow at 6.3 days of oil consumpiton supplied we only need 58 of Obama’s 57 states to do the same.

  • shortdog

    Try not eating for 6.3 days and then tell me it’s nothing. Every little bit counts.

    • http://www.rustedsky.net JLawson

      It’s almost a script any more.

      “We’ve got to cut greenhouse gasses! Let’s get all our electricity from solar and wind!”

      “But those aren’t constant, high-capacity sources of power. How about we go with high-efficiency carbon captures on oil and coal, and build nuclear plants with a view to replacing the CO2 generators?”

      “We can’t build nuclear! Three Mile Island! Chernobyl! We’ll all DIE!”

      “Nobody died at TMI, and Chernobyl was a reactor style that was long obsolete, pushed into a test mode that wasn’t needed by an engineering staff that didn’t know what they were doing.”

      “Hiroshima! Nagasaki! Nuclear power kills!”

      “Nuclear WEAPONS kill. Nuclear POWER lights the Eiffel Tower, and provides most of the electricity in France. If the French can figure it out, why can’t we?”

      … crickets …

      “We’ve got to cut greenhouse gasses! Let’s get all our electricity from solar and wind!”

      Sigh. Blasted looping scripts…

  • Peter

    Actually US consumption has been falling from a peak of 20.730 MBD in 2007 to 18.690 MPD in 2010. If we can duplicate the ND effort in Eagle Ford (TX), in the Niobra (CO) in the monterry (CA) and other major shale plays, while dropping our consumption with new tech, we will be in good shape.

  • Melogary

    Who gets the money from ND oil? ND or US?

    • jim

      land lease and gov

      • jim

        land lease owners and the gov

    • http://sayanythingblog.com Rob

      Well the mineral rights are owned privately. What happens is an oil company buys a lease to develop the oil, and the mineral rights owner gets that royalty which is negotiated between those two parties.

      The oil company then pumps the oil and keeps the proceeds from selling it at market. The government gets all sorts of taxes along the way, from the income taxes on the royalties to a tax on the oil extraction, etc.

  • headward

    Think about how expensive oil would be if it was only union labor that explorered and extracted oil.

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