Value of oil production in North Dakota

The monthly market value of oil produced in the state has increased more than five-fold in the last four years.

Check out the economic output of oil from North Dakota, by month:

 11-14 value of crude production

The above graph applies the average sweet crude price mentioned in the Director’s Cut to the total production for the month. Current month Director’s Cut can be found here. Previous reports can be found here.

From half a billion dollars for January 2010 to just under three billion dollars in the month of July 2014.

With the drop in prices, output was only $2.65 billion in the month of September.

Here is a graph of the value of oil produced by year:

11-14 value of oil by year

Very, very cool.

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