Eagle Ford Produces Its One-Billionth Bbl Of Oil; Most Of It In The Past Two Years -- December 5, 2014North Dakota has its own bragging rights. In a much, much smaller geographic area of drilling, North Dakota:
- struck oil in April, 1951
- produced its first billionth bbl of oil in October, 1989 (38 years)
- produced its second billionth bbl of oil in November, 2011 (22 years)
- will produce its third billionth bbl of oil sometime in 2015 (4 years)
The "billionth barrel" slide is slide #3.
Having said that: it is quite incredible that the Eagle Ford, a newly discovered field, hit one billion bbls of oil in two years or thereabouts. Besides the technical achievement, it took a lot of cooperation among state and local politicians; state residents; surface owners; oil companies; oil service companies; local, state, and federal environmental agencies, etc., etc., to make this happen.
By the way, just for grins, go back to that linked NDIC August, 2014, presentation and look at slides #28, #29, and #30. Slide #28 is BEFORE, #29 is DURING, and #30 is AFTER -- #28 before the wells went in; #29 where the wells were, and #30, where the wells are now. Imagine those three same slides with thousands of wind turbines that will be there "forever" once they are put in. That's the future of North Dakota in Algore's mind, a wind farm state. He lives in in a McMansion in Tennessee.
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