North Dakota Oil Production Hits a New All-Time High (Again)

Link here.

• Feb, 2012, oil: 558,254 bopd  (NEW all-time high)
• Jan, 2012, oil: 546,453

• Feb, 2012, producing wells: 6,726 (NEW all-time high)
• Jan, 2012, producing wells: 6,624

Back-of-the-envelope nonsense:

• 558,254 bbls per day x $83/bbl --> $50 million/day (rounded) into the economy.

• An additional 12,000 bbls x $83 -->  $1 million at 12% --> an additional $120,000/day for the state? (rounded)