For long-term archive purposes, here is a timeframe for the Bakken boom.
6/28 – The Million Dollar Way – The Bakken Is In Its Manufacturing Stage – Bruce Oksol provides a useful long-term perspective on how Bakken production has developed:
- 2000: the Bakken boom begins in Montana
- 2007: the Bakken boom begins in North Dakota
- 2012: the Bakken hits its stride
- early 2014: the Bakken setting new records, almost every month
- late 2014: the Saudi Surge
- 2015: the Bakken re-trenches
- 1Q16 taxable sales 50% greater than 1Q10
- mid-2016: the Bakken bottoms out — at least that is what the tea leaves suggest
For more perspective, here is the average daily production for each of the above years. I calculated the following from data pulled from the state website:
- 89,625 – 2000
- 123,621 – 2007
- 663,419 – 2012
- 1,086,554 – 2014
- 1,184,009 – 2015
- 1,098,630 – 2016 average through April
Graph of average daily production by year since 1990 is at the top of this post.