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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