Per North Dakota’s oil regulator, the state’s daily crude output rose 1.2% to a fresh monthly record in July, edging past the record set in June.
The newest numbers showed that daily crude output remained above one million barrels for the 30th month, further confirming the status of North Dakota (centered on the Bakken formation) as one of the hottest shale plays in the United States.
The story: I think the biggest story is not so much North Dakota hit a new all-time production record but that the month-over-month increase, at 1.2%, was so robust. Most fun to read: the four comments at that Zack's link.Like crude, natural gas output also hit its highest level ever. The state churned out 2,947,892 thousand cubic feet per day in July, up from June’s 2,885,293 thousand cubic feet per day. Meanwhile, North Dakota’s total number of producing wells tallied 15,943 at the end of July, the highest on record.
SRE: to sell Peruvian businesses to China Yangtze Power Co for $3.6 billion. Spurred by activist investor. What's not to like. SRE will focus on core US and Mexican markets. Are you a Mexi-can or a Mexi-can't?