The "Economic Miracle State" of North Dakota pumped another record amount of oil during the month of March at a rate of 575,490 barrels per day, which was an increase of 3% compared to February, and 60% above the output level from a year ago (see top chart above). The new record-setting production in recent months has moved the Peace Garden state ahead of California to become the nation’s No. 3 oil-producing state, behind only Texas and Alaska. If North Dakota continues to increase monthly output at the current rate, it will pass Alaska this year to become America's No. 2 oil-producing state, possibly as early as June or July.
Tuesday, May 15, 2012
North Dakota Production Sets Another Record -- Carpe Diem
I posted the numbers last night; CarpeDiem has the story.
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There are reports today North Dakota has passed Alaska in oil production!! WOW....in March.
ReplyDeleteLink? Other sources say that won't happen until June or July. Reports lag reality by about two months so we might not know until August, but if you have links that show otherwise, let us know. Thank you.
DeleteThe reader is correct. Inforum is reporting the story that North Dakota passed Alaska in oil production in March. This caught me by surprise as well as others; this was not expected to happen until later this summer.
DeleteIncredible.
A big "thank you" to the reader alerting me to the story.