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Thursday, November 21, 2013

North Dakota Oil Production Hits New All-Time High In October, 2013; 55,000 BOPD From One Million BOPD Milestone

The Director's Cut for October, 2013, will not be out until December 15, 2013, based on previous releases. However,

Platts is reporting:
Crude oil production from North Dakota hit all-time high of 945,000 b/d in October, jump of 26.2% y-o-y: API.
The Director's Cut for September, 2013, data showed production in that month to be 931,940 bbls which was an all-time record at that time. 

A jump from 931,940 to 945,000 represents a 1.4% percent increase, month-over-month.

At this post (click on that in blue), I track projections at 1%, 2%, and historical changes over the past two years. 

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