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Monday, February 22, 2010

Flashback: North Dakota Oil Production

June 16, 2008: North Dakota Industrial Commission reports that North Dakota oil wells pumped an average of 150,578 barrels a day in April (2008). The previous high of 147,774 barrels a day was set in August 1984.

150,000 barrels of oil per day in April, 2008. And that barely beat the record set 24 years earlier.

The estimate is 350,000 barrels of oil per day in early 2010.

My guess is that we will approach 400,000 barrels by the end of 2010 if a) price of oil holds; and, b) capacity of pipelines/railroads can maintain that support.

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