Oil and gas production rebounds in a big way following a challenging November in North Dakota.
The latest numbers released show a both hit an all-time high with oil production close to 769-thousand barrels-per-day.
The number of producing wells also hit an all-time high at 8-thousand-two-hundred-twenty-four.
More good news could be just around the corner.
At a recent meeting some larger producers talked about plans for 2013.
"There are a number of them that plan to add drilling rigs in the second quarter of this year. The total number from those meetings is 15 so that does put us right at 200 drilling rigs in the 2nd and 3rd quarter of this year is our expectation but of course things can always change," says the director of the Department of Mineral Resources Lynn Helms.
Helms says the economics have been good for oil companies. He says there hasn't been a dry hole for well over a year. The success ratio is 90% for companies turning at least a 10% rate of return.
Policy think tank AEI says the state's December oil production increased by over 43% from a year earlier.
Wednesday, June 19 2013 10:29 PM EDT2013-06-20 02:29:28 GMT
There are no signs of Bismarck's growth slowing down anytime soon. Tonight the public is invited to listen in on the Capitol City's growth management plan. Since the last time the growth plan was updated
There are no signs of Bismarck's growth slowing down anytime soon.
Tonight the public is invited to listen in on the Capitol City's growth management plan.
Wednesday, June 19 2013 7:04 PM EDT2013-06-19 23:04:43 GMT
Teachers turn students today and, as it turns out, learn a little something along the way. The Antelope Valley Station has cranked out electricity since the 1980s, and in the process, educated thousands
Teachers turn students today and, as it turns out, learn a little something along the way. The Antelope Valley Station has cranked out electricity since the 1980s, and in the process, educated thousands
Wednesday, June 19 2013 6:24 PM EDT2013-06-19 22:24:33 GMT
June is Post Traumatic Stress Disorder Awareness month. The disorder affects thousands of combat veterans every year, many of whom never seek out help. According to the Department of Veteran Affairs,
The Veterans Affairs Clinic in Fargo has been working on their outreach across the state, they want more soldiers to get screened, but can't force it either.
Wednesday, June 19 2013 5:46 PM EDT2013-06-19 21:46:21 GMT
We all know it's hot outside--but one herd bull decides to take a dip in the pool. This bull got out and fell into the neighbors pool about 24 miles west of Linton. The owners say they walked him over
We all know it's hot outside--but one herd bull decides to take a dip in the pool. This bull got out and fell into the neighbors pool about 24 miles west of Linton. The owners say they walked him over
Wednesday, June 19 2013 5:36 PM EDT2013-06-19 21:36:42 GMT
Federal budget cuts are about to sting some North Dakotans. More than six-hundred North Dakota National Guard employees face a twenty-percent pay cut for three months. The employees are mostly military
Federal budget cuts are about to sting some North Dakotans. More than six-hundred North Dakota National Guard employees face a twenty-percent pay cut for three months. The employees are mostly military
Norway's Parliament has opened up a new area on the fringe of the Arctic Ocean to offshore oil drilling despite protests from opponents who fear catastrophic oil spills in the remote and icy region.
Norway's Parliament has opened up a new area on the fringe of the Arctic Ocean to offshore oil drilling despite protests from opponents who fear catastrophic oil spills in the remote and icy region.
Dubai has added a new item to its top ambitions such as building the world's largest Ferris wheel and bidding for an Angry Birds theme park - a site honoring the Quran.
Dubai has added a new item to its top ambitions such as building the world's largest Ferris wheel and bidding for an Angry Birds theme park - a site honoring the Quran.
Markets were roiled Thursday by a suggestion from U.S. Federal Reserve chairman Ben Bernanke that the central bank may be done with its monetary stimulus next year. While stocks and commodities took a pounding on the...
Markets were roiled Thursday by a suggestion from U.S. Federal Reserve chairman Ben Bernanke that the central bank may be done with its monetary stimulus next year. While stocks and commodities took a pounding on the news,...
Friday, June 14 2013 5:43 PM EDT2013-06-14 21:43:42 GMT
Something two-thirds as tall as the capitol is on it's way to Beulah. This tower is on the move from Minnesota. The huge piece of equipment is for the anhydrous ammonia facility at the Great Plains Synfuels
Something two-thirds as tall as the capitol is on it's way to Beulah. This tower is on the move from Minnesota. The huge piece of equipment is for the anhydrous ammonia facility at the Great Plains Synfuels
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North Dakota's Tax Department says eligible consumers have an extra day to request a refund for state taxes that were paid on gasoline and gasohol purchased in 2012.
North Dakota's Tax Department says eligible consumers have an extra day to request a refund for state taxes that were paid on gasoline and gasohol purchased in 2012.
Justin Morneau and Brian Dozier both homered last night as the Minnesota Twins topped the Chicago White Sox 7-4. Kevin Correia improved to 6-4 after earning the victory and Glen Perkins recorded his 18th save in 20 tries....
North Dakota's agriculture commissioner is allowing aerial application of a herbicide to control weeds in cornfields. Commissioner Doug Goehring issued a special local needs registration to Bayer CropScience. That allows...
The incoming president of the North Dakota Board of Higher Education is looking at the change in leadership as a fresh start for the entire university system.
Evangelist Franklin Graham prayed on a sidewalk outside the Pentagon Thursday after his invitation to a prayer service inside was withdrawn because of comments that insulted people of other religions. More>>
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