Bakken Production and Oil Price
Bakken oil production hit a new record in December of 2012, after declining in November for the first time in almost two years. Weather related delays kept operators from pushing through old records in November, but production surged to more than 700,000 b/d in December.
The state reported Bakken production of 21,835,148 barrels or 704,360 barrels per day in December. The region also eclipsed the 5,000 producing well mark during the month. 5,044 wells produced an average of almost 140 b/d.