Skip to comments.Wow, North Dakota, Thatís a Lot of Oil
Posted on 03/20/2013 7:04:57 AM PDT by jwsea55
It's no secret that North Dakota has been in the middle of an oil boom since about 2008, but a new chart from the North Dakota Industrial Commission, Department of Mineral Resources, shows just how steep the increase has been.
As of 2006, the state was only producing about 100,000 barrels of crude oil per day, putting it on par with other mid-tier oil producing states like Kansas, Colorado and Montana. But new hydraulic fracturing techniques and the opening of the massive Bakken formation to drilling changed all that, and as of January 2013 the state was producing an average of 770,000 barrels of crude per day, for a total of 23,834,000 barrels per month. That's double the amount the state was producing just two years ago.
(Excerpt) Read more at finance.yahoo.com ...
Obama's payoff to Warren Buffett.
Time to get some tree-huggers up there to stop the rape of mother Gaia.
That’s a serious amount of oil. The existing Keystone pipeline and the proposed (and currently blocked) Keystone XL pipeline (for the Alberta oil) both go via North Dakota. This find, by itself, would justify pipeline expansion.
North Dakota Field Production of Crude Oil
Nonsense. UP and CN move most Bakken oil.
in general, Minnesotas rules are already more stringent than Wisconsins, and they could become even stricter under proposals being debated by the state Legislature.
They won't find a lot of trees to hug. But they have plenty of other ways to make fools of themselves.
Maybe they can get up there while it's still well below freezing and run around naked to protest global warming...
And they are ...
Union Pacific and Canadian National railroads.
Buffy owns Burlington Northern Santa Fe
(I’m just giving out names, I don’t know who is doing the hauling)
What % of this crude oil is being produced from Federal land?
The Williston Basin is only about six-and-a-half percent federal lands in the Bakken assessment, Pollastro pointed out, but there are a lot of tribal lands.
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The number of drilling applications submitted to federal land managers in western North Dakota has grown so large that Bureau of Land Management officials in other states have been asked to shoulder some of the load.
BLM employees in Great Falls are reviewing permits, verifying royalty amounts and working on mineral estate agreements to help their North Dakota colleagues dealing with the Bakken oil boom.
The Dickinson BLM office is projected to review more than 800 applications this year.
Continental Resources is constructing a 14-well drilling pad along the Missouri River near Williston, N.D. The company has planted 500 trees surrounding the property.
And who owns most of UP? Why I believe it is Warren Buffett so it is a blatant payoff.
Those of us actually in North Dakota know what the waits are for oil unit train crossings along the BNSF mainline.
(Reuters) - Union Pacific Corp (UNP.N), the largest publicly held U.S. railroad, said it it expects to quadruple the amount of oil it carries this year from the Bakken shale formation in North Dakota to U.S. Gulf Coast refineries.