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.