North Dakota Sets Another Oil Production Record - KXNet.com - Bismarck/Minot/Williston/Dickinson-KXNEWS,ND

North Dakota Sets Another Oil Production Record

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It's another first for North Dakota oil.

In May North Dakota oil drillers pumped a record 25.1 million barrels of crude.

Director of Mineral Resources Lynn Helms says the 25 million barrel mark means on average the Bakken produced 810,000 barrels per day, which is up from 639,000 barrels per day in May 2012 and more than double the amount of barrels produced for the same month in 2011.

"Really a happy surprise we finally broke through that 800-thousand barrel a day barrier and that's something we've been looking forward to for sometime, so almost a 17-thousand barrel a day increase from April to May," Director of Mineral Resources Lynn Helms said.

Helms says in June, July and August he expects even more barrels of oil to be produced everyday.

"We're anticipating a 20,000 plus barrel a day production increase for June, July and August so very likely that we will exit this year at production greater than really what we anticipated for the revenue forecast," Helms said.

Helms also says there were 8,915 producing wells in May.

Up more than 3,000 wells from May 2011.

 

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