Bakken Oil Production Forecast - NDPA
Bakken oil production reported in July is both a new record and a broken record in North Dakota.
Oil production in North Dakota grew by almost 53,000 b/d in a single month. The increase from June to July represents the largest monthly increase in production in the state's history.
Preliminary estimates peg state production at 874,460 b/d and 970 mmcfd (both records). The Bakken and Three Forks contributed 810,795 b/d.
The increase was primarily driven by an increase from 102 well completions in June to 251 well completions in July. Less than 100 completions are needed to sustain production.
Production has only increased more than 40,000 b/d in a single month twice and the biggest increase before now was ~41,000 b/d in February.