Skip to comments.North Dakota oil production surpasses 1 million barrels per day
Posted on 06/18/2014 5:28:43 AM PDT by thackney
North Dakota has joined the ranks of the few places in the world that produce more than a million barrels of oil per day, due in large part to the rich Bakken shale formation in the western part of the state.
The April figures released Tuesday by the states Department of Mineral Resources showed the record tally. North Dakota had flirted with the million-barrel-per-day mark for months, but the harsh winter slowed the pace. In March, production had hit 977,000 barrels per day.
North Dakotas oil fields now represent more than 12 percent of all U.S. oil production, and more than 1 percent of global production a situation unfathomable just a decade ago, when technology hadnt yet caught up to the challenge of extracting oil from the shale. Since then, the oil boom and the jobs it brings have transformed North Dakota, now home to the nations fastest-growing cities and its lowest unemployment rate.
obama and his enviro-wackos are steaming mad. Better get the EPA thugs mobilized...
They are not only mobilized, they’re moving at a pretty fast clip. Some of the regs are going to be hard to live with.
Us folks on the East Coast?
Well I suspect there are some financial types in your zone who are benefiting pretty significantly.
As for you, lowly driver / home energy consumer, tough schnitzel....
LOL as usual the little guy is screwed.