Posted on 11/16/2013 8:59:19 AM PST by george76
WILLISTON, N.D. The entire U.S. Williston Basin produced more than 1 million barrels of oil per day in September, driven by another record month of North Dakota oil production. North Dakota produced 931,940 barrels per day, a 2 percent increase over August, according to preliminary numbers released Friday by the Department of Mineral Resources.
The U.S. Williston Basin also includes portions of South Dakota, which produced 5,017 barrels per day in September, and Montana, which produced 75,460 barrels per day in August.
...
Bakken oil production in North Dakota and Montana is projected to top 1 million barrels of oil per day in December, according to the U.S. Energy Information Administration. That estimate does not include production from other formations
...
About 61 percent of North Dakotas total 9,682 producing wells are Bakken and Three Forks wells, he said. The Bakken now accounts for a little more than 10 percent of total U.S. oil production, according to the EIA.
(Excerpt) Read more at oilpatchdispatch.areavoices.com ...
Surprisingly small chance of tornadoes in ND. Probably less than any state in the South.
Nope—never even remember a tornado alert or warning.
Here in TX, we have them quite often.
Texas produces almost twice as much on a daily basis so you can almost double the revenue and stack it on top of the ND production.
That is a big reason that Texas’ fiscal surplus will grow from about 8 billion in 2012 to 20 billion in 2013.
None of this includes the sales of natural gas which are also massive and global in impact.
Palin’s drill baby drill could easily reverse the fiscal and economic course of the nation at every level.
We are discussing only the direct sale impacts of the oil without the ancillary effects of having 2-4% taken off the national unemployment rate within these states. The general drag on budgets is greatly reduced when people actually hold jobs.
If the dozen to 30 US states that could massively increase either oil or gas production were allowed and encouraged to do so the nation would enjoy a massive renaissance.
Natural gas so dramatically reduces the cost of electricity in the US that it now threatens to bring all manufacturing from Europe and much of it from China back home. Energy is just too cheap in America right now for manufacturers to continue production overseas.
Frankly, I am a little nervous Obama and the dems will get the credit for this inevitable boom. That is absolutely false but it is a risk.
$2.95 - $3.00 in S. MS (Biloxi area).
Almost???
Texas produce more than twice, 2.67 million barrels per day.
Crude Oil Production (by state)
http://www.eia.gov/dnav/pet/pet_crd_crpdn_adc_mbblpd_m.htm
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.