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Saturday, June 5, 2010

A Decade of Oil Production in North Dakota

The numbers really are impressive. North Dakota's monthly oil production is a drop in the bucket compared to what the rest of the world produces, and how much oil is consumed by the US, even on a daily basis, but for North Dakota, it really has to be exciting. For those who have followed "the Bakken" for the past several years, it's easy to become bored with the current phase that we are in. If you are one of those seasoned Bakken observers who gets bored not seeing more excitement, take a look at the statistics at the NDIC webpage to see how far we have come.

The most recent month for which figures are available is March, 2010, so I will use March of the past ten years to demonstrate how far North Dakota has come in one decade:

This is the monthly oil production for the month of March in the designated year:

March, 1999: 2,808,388
March, 2000: 2,818,101
March, 2001: 2,737,754
March, 2002: 2,627,861
March, 2003: 2,531,130
March, 2004: 2,545,806
March, 2005: 2,957,390
March, 2006: 3,280,005
March, 2007: 3,661,186
March, 2008: 4,458,939
March, 2009: 6,054,826
March, 2010: 8,599,616

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