Wednesday, June 18, 2014

Seeking Alpha Noted North Dakota's One-Million BOPD Milestone

From Seeking Alpha:
  • North Dakota, home to the Bakken shale formation, is now the fourth state in U.S. history to produce more than 1M bbl/day of oil, as the state's Department of Mineral Resources reports output rose 2.5% in April from March to just above 1M bbl/day.
  • North Dakota now produces more than 12% of all U.S. oil and more than 1% of global production - unimaginable just a decade ago
  • Texas, California and Alaska previously have crossed the million-barrel mark; of the three, only Texas remains above it, at almost 3M bbl/day.
  • Among Bakken producers: CLR, EOG, KOG, WLL, HES, OAS, NOG, EOX, MRO.
Disclaimer: this is not an investment site. Do not make any investment decisions based on anything you read here or think you may have read here.