Wednesday, July 11, 2012

North Dakota's Oil Production Sets New Record in May: 640,000 BOPD

Link here to CarpeDiem.com. There are some great data points at the link.

I don't think the new "Director's Cut" is out yet, but it should be out any time now. I do believe the number of rigs has decreased slightly this past month (probably true in May, also) and I'm sure "they've" choked back some production due to price, glut, etc., so this 5% increase month-over-month is even more impressive.

A huge "thank you" to CarpeDiem for posting this. I'm a bit late with some data due to challenges of traveling and limited wi-fi. Yes, I know in this world of 24/7 connectivity, that is no excuse.

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