Bakken Oil Production Forecast
Bakken oil production was near 800,000 b/d in March.
Add ~60,000-70,000 b/d from Montana to the ~719,000 b/d from North Dakota and the Bakken produced more than 790,000 b/d of crude oil in March.
Add oil from formations other than the Bakken and Three Forks and the Williston Basin easily produced more than 850,000 b/d. If production comes back strong from the winter season and the spring break up, this might be the year the basin, and possibly North Dakota, cross the 1 Million b/d production mark.
As of last week the Bakken rig count sat at approximately 190 rigs. With a majority shifting to pad drilling, more wells might be drilled in 2013 with fewer rigs.