Outrun Change

We need to learn quickly to keep up with the massive change around us so we don't get run over. We need to outrun change.

North Dakota oil production hits another record in 7-13 with 6.5% increase for month

Average daily production in July was 874,681 barrels (bopd), which is an increase of 53,150 per day, or 6.47% for the month.

By my calc, this is an increase of 198,281 bopd from 7-12 to 7-13, or 29.3%. In the prior year (7-11 to 7-12), daily production increased by 251,231 bopd, or 50.1%.

The 12 month increase through 7-13 was smaller in amount and percent than the prior year.  Only a one-third increase in a year.  As I’ve pointed out before, only in the world of North Dakota oil production is a 29% annual increase not impressive when compared to the prior year.

Director’s cut is here.

Here are some graphs. Average daily production of the last 5 1/2 years:

 7-13 monthly 5yr

Longer time perspective:

 7-13 monthly prod

Smoothed curve, with average annual production:

 7-13 ave by year

 

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