North Dakota Oil Production Could Jump to 2 Million Barrels Per Day

ND Oil Pump Jack
ND Oil Pump Jack

North Dakota oil production could surpass a whopping 2 Million barrels of oil per day by 2025. North Dakota is now the number two oil producing state in the country trailing Texas. That's the potential pegged in a recent Bentek study.

For those that were around back in 2000, production in all of ND was less than 90,000 b/d of oil and the average well produced just 27 b/d. Even in 2005, production in still less than 100,000 b/d. Oh, what a few years can change. Today, the same area is producing more than 600,000 b/d and the average well is producing more than double what it was in 2000 (>65 b/d). Total production has increased more than six-fold in a twelve year period and many expect it will double again. The Bentek example is likely a high case, but possible nonetheless. I wouldn't say anything is impossible based on what we've learn over the last decade.

Read more about the Bentek prediction at fuelfix.com