Wednesday, January 15, 2014

And All Without Obama's Help

From the Minot Daily News: North Dakota has gone over the 10,000 mark for producing wells in the oil patch.
Lynn Helms, director of the Department of Mineral Resources in Bismarck, reported Tuesday that the state had a preliminary new all-time high of 10,023 producing wells in November 2013.
Of the 10,023 producing wells, 6,598, or 66 percent, are unconventional Bakken-Three Forks wells and 3,425 wells, or 34 percent, produce from legacy conventional pools.
The state also is 26,955 barrels a day away from reaching the 1 million mark in oil production. The most recent figures, the November 2013 figures, released by the Department of Mineral Resources Tuesday, show a preliminary new all-time high of producing 973,045 barrels of oil a day.
Of the 973,045 barrels of oil a day produced in November 2013, the majority of it was from the Bakken and Three Forks Formations.The specific figures were 908,384 barrels per day, or 93 percent, from the Bakken and Three Forks, and 64,661 barrels per day, or 7 percent, from legacy conventional pools.
Gas production in November also set a preliminary new all-time high of 1,086,571 MCF a day, according to Helms' report. One MCF equals 1,000 cubic feet of natural gas....
Helms said the number of rigs actively drilling on federal land in the Dakota Prairie Grasslands has increased from none to two.  http://www.minotdailynews.com/page/content.detail/id/591264/State-nears-1-million-barrels-of-oil-a-day.html?nav=5010
When I lived in North Dakota, about 25 years ago, there were only a few oil wells in the Williston area.  Now, it is the 2nd largest oil producing state in the country, and all without the help of President Obama and the Democrats.

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