North Dakota’s Exponential Oil Production Growth Sets Another Record In October

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North Dakota’s Department of Mineral Resouces has released its report for October oil production, and not surprisingly the state has set yet another record for monthly output.

Mark Perry has the graph:

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Production in October was up 52.5% above a year ago, following increases of 57% in both September and August. In 17 months daily oil production in North Dakota has doubled from 364,000 bpd in May of 2011 to more than 747,000 in October 2012.

The number of active oil wells in North Dakota increased to 7,791 in October, which is a new state record. The wells are getting more efficient, too. The amount of oil produced per well increased to a record-high of 2,973 barrels, which was nearly 17% above where it was a year ago.

This is due to the new “pad drilling” techniques the industry has been deploying in the west (which also has less surface impact). Here’s an explanation of the process from Continental Resources.

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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