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.
Friday, May 24 2013 7:01 PM EDT2013-05-24 23:01:01 GMT
It's a bittersweet time for children anxious for Summer, when they also know they're leaving behind their elementary school -- for good. Today is the last day of school for these kids -- and the last
It's a bittersweet time for children anxious for Summer, when they also know they're leaving behind their elementary school -- for good. Today is the last day of school for these kids -- and the last
Friday, May 24 2013 6:57 PM EDT2013-05-24 22:57:59 GMT
Mandan's getting pizza and Bismarck has new glasses. This and more in today's "Around Town." In just a few weeks, Little Caesars will break ground at Sixth and Third in Mandan -- right next to Spirit
Mandan's getting pizza and Bismarck has new glasses. This and more in today's "Around Town." In just a few weeks, Little Caesars will break ground at Sixth and Third in Mandan -- right next to Spirit
Earlier this year, Melanie and Shannon Lennie of Mandan started North Dakota's first support group for families affected by Tourette Syndrome. In this interview from KX News at 5:00 with Marci Narum, Melanie
Earlier this year, Melanie and Shannon Lennie of Mandan started North Dakota's first support group for families affected by Tourette Syndrome. In this interview from KX News at 5:00 with Marci Narum, Melanie
Friday, May 24 2013 3:04 PM EDT2013-05-24 19:04:46 GMT
Finding a place to eat in a small town can be tough. Especially in a town of fewer than 800. While many small town restaurants and bakeries have closed their doors-- the town of Steele keeps things cooking...
Finding a place to eat in a small town can be tough. Especially in a town of fewer than 800. While many small town restaurants and bakeries have closed their doors-- the town of Steele keeps things cooking...
Thursday, May 23 2013 7:14 PM EDT2013-05-23 23:14:33 GMT
It's small but destructive -- and it comes to America courtesy of Asia. The Emerald Ash Borer is an exotic wood-boring beetle currently making it's way across the U.S. to North Dakota. Believed to
It's small but destructive -- and it comes to America courtesy of Asia. The Emerald Ash Borer is an exotic wood-boring beetle currently making it's way across the U.S. to North Dakota. Believed to
Dozens of African leaders are meeting in the Ethiopian capital to mark 50 years since the founding of the African Union, a continentwide organization that helped liberate Africa from colonial masters.
The African Union on Saturday marked 50 years since the founding of a continentwide organization that helped liberate Africa from colonial masters and which now is trying to stay relevant on a continent regularly troubled by...
News Corp. says its board of directors has approved plans to split its entertainment and publishing businesses into two separate companies.
News Corp. said its board of directors has approved plans to split its entertainment and publishing businesses into two separate companies. The company also adopted a shareholder-rights plan designed to prevent a hostile...
Government health officials are investigating several health problems reported with potentially contaminated medications made by a Tennessee specialty pharmacy.
Health officials are investigating cases involving patients who suffered complications after being injected with potentially contaminated medications made by a Tennessee specialty pharmacy.
Chile's environmental regulator has stopped construction and imposed sanctions on Barrick Gold Corp.'s $8.5 billion Pascua-Lama project, citing "serious violations" of its environmental permit.
Chile's environmental regulator blocked Barrick Gold Corp.'s $8.5 billion Pascua-Lama project on Friday and imposed its maximum fine on the world's largest gold miner, citing "very serious" violations of its...
North Dakota HeadlinesNorth Dakota HeadlinesMore>>
Anibal Sanchez took a no-hitter into the ninth inning against the Minnesota Twins in a 6-0 victory for the Detroit Tigers. The right-hander was trying to get his second career no-hitter when Minnesota's Joe Mauer hit a...
Chamber of commerce officials in North Dakota are lobbying in support of federal immigration reform. The Greater North Dakota Chamber says the U.S. is not producing enough workers in the fields of science, technology,...
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>>
Closings/Delays
Calendar
Lottery Results
Viewer Photos
Road Report
TV Listings
Gas Prices
E-Mail Newsletter
