Later, 10:55 p.m.: it looks like everyone saw these numbers before I did! Here's CarpeDiem's take on the latest numbers. An interesting data point at that link:
Over the last year, an average of 5 new oil wells have been put into production each day, and each new well is the equivalent of adding a new $8-10 million business to the state’s economy, see recent CD post for more details.Later, 10:10 p.m.: just after posting the note below, I see that The Bismarck Tribune has published the information. The is one data point I did not include in my original post:
North Dakota drillers produced almost 20 million barrels of oil in June. That's up from 11.5 million barrels for the same month a year ago.
It is possible I am misreading things, but hopefully I have this correct.
The most recent month data is available: June, 2012.
Previously, in May, 2012, the daily oil production in North Dakota averaged 639,981 bbls.
It appears that a new record has been set. In June, 2012, the average daily production was 660,322 bbls.
If I have the numbers correct, daily production (June over May) increased by 3.17 percent.
The total monthly production in June (19,809,663) was slightly below May's production (19,939,420) but there was one less day in June, and that made the difference.
In May, there were 6,968 producing wells; in June, there were 7,130 producing wells.
The average number of bbls per well per day has increased slight to 93 bbls on average from each of the 7,130 wells each day. In May, the average was 92 bbls/well/day. Two years ago, June, 2010, the average was 66 bbls/well/day.
The Director's Cut will have a much better breakout.