Sunday, August 17, 2014

Bakken Hits A New Milestone: 1 Million BOPD From The Bakken Alone, June, 2014 -- Carpe Diem -- August 17, 2014

I completely missed this one: the North Dakota Bakken his another milestone in June, 2014, passing the one-million-bopd mark. This is being reported by Carpe Diem:
Oil drillers in North Dakota pumped out 1.09 million barrels of oil per day (bopd) in June, setting another new monthly all-time record high for the state’s crude oil production, according to oil production data released today by North Dakota’s Department of Mineral Resources.
It was the third straight month that daily oil production in the Peace Garden State exceeded one million barrels.
Another important production milestone was reached in June, as crude oil output from the state’s shale-rich Bakken oil fields topped one million bopd for the first time, joining an elite group of only ten oil fields in world history whose daily output exceeded one million barrels at peak production.
Much, much more at the linked article. 

This is the other statistic that jumped out at me in the Carpe Diem post:
The daily oil produced from each well in North Dakota averaged 102 barrels in June. In 2009, the daily oil per well was only 52 barrels, so the productivity of oil extraction in the state has doubled in only five years.
The data can be seen at the NDIC website. At that link, click on the fifth link from the top: Historical monthly oil production statistics.

It also appears the NDIC has added another link (it may have been there for quite some time, and I simply missed it: Historical monthly Bakken oil production statistics. Currently, the average production for Bakken wells on a daily average is 131 bopd.

By the way, another bit of trivia. "They've" been drilling Madison wells in North Dakota from the very beginning and to date about 2,000 Madison wells have been drilled. The Bakken boom began in 2007 in North Dakota. There are currently more than 7,000 Bakken wells drilled.

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