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.

Timeline of Bakken oil production

ave daily production since 1990

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.

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