Bakken Production Added by Rig
The EIA published it's first "Drilling Productivity Report" for six major producing regions in the U.S. and the Bakken didn't disappoint.
The Bakken, along with the Eagle Ford, accounts for approximately 75% of monthly oil production growth in the U.S.
There are several highlights from the report. The average rig drilling in the area adds 450-500 b/d of oil production each month and the play is approaching 1 million b/d.
The EIA also predicts Bakken oil production will grow by 26,000 b/d in November 2013.
EIA New Bakken Production and Declines
EIA Bakken Oil Graph Oct 2013
The report will be published monthly, so we'll have updates in the coming months. View the report at eia.gov