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Thursday, March 8, 2012

North Dakota Oil Production, January 2012: 546,000 BOPD

Number 3 in US production
Solidly above the half-million mark

PDF link here (sent to me by "anon 1"-- thank you), press release dated today; Bismarck Tribune story story here (and that sent by Don -- thank you).
  • December, 2011, production: 534,880
  • Delta: 11,000
  • Percent increase m-o-m: 2 percent.
Beats California by 36,000 bbls.

6,600 wells producing in January; up nearly 200 wells from December.

With a remarkably mild winter, it should be a great 1st quarter for production.

With price of oil higher than usual for this time of year, should be a great 1st quarter for mineral rights owners.

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