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 in December 2019 is fourth highest level on record, after setting new production level in 5 of last 6 months.

Workover rig working on well in North Dakota. Photo by James Ulvog.

North Dakota oil production in December 2019 is fourth highest level on record, after setting new production level in 5 of last 6 months.

Average daily production in the state was 1,475,685 barrels of oil per day (bopd) (preliminary) after hitting the highest level ever of 1,519,037 bopd (revised) in November. The November production broke the state’s record for the fifth time in six months, and the twelfth time in the last twenty months.

The routine record-level production is being achieved with stable and low level of drilling rigs and without the wild-west craziness in the local economy that existed before 2014.

Graph of the average daily production in the state and in the Bakken pool:

 

For more perspective, here is the average daily production since 2004:

 

For an even longer time frame, check out the average daily production since 1990, which shows the dramatic boom in the 2010 through 2014 time frame, subsequent drop, and rapid growth since 2017:

 

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