Guessing game is open again for when oil production in North Dakota will hit 2 million barrels a day
First guess I’ve seen since the price slump is for the state to pass the 2 million barrels a day threshold in 2030, according to the North Dakota Pipeline Authority. Reported by Inforum on 5/4/19: Bigger than some of OPEC: North Dakota on track to reach 2 million barrels of oil per day by 2030.
For quite some time I have dialed back my focus on Bakken, so there may be other estimates or guesses out there. This is the first one I’ve noticed.
North Dakota is the second largest oil-producing state in the U.S at 1.4M barrels of oil per day (bopd). Texas continues in first place at 3.49M bopd.
If North Dakota were somehow to join OPEC, Read more…