(Photo by James Ulvog – 2 pump jacks in operation, 2 more being assembled, 1 workover rig, 1 drilling rig – That site will hold an investment of around $54M or $60M when finished and will produce somewhere between 3 million and 6 million barrels of oil during its useful life.)
Oil production in North Dakota set another record in August 2014. Total production in the state averaged 1,132,331 barrels per day. Production in Bakken only was 1,068,609 bopd. That is a 1.61% increase statewide and 1.70% in Bakken-only.
On 9/23, I described the prediction from Bentek: Another short term production prediction for Bakken. Time to see how that turned out.