Posted in: Infrastructure,
by Patrick DeHaan on Sep 17, 2013 12:00 PM
North Dakota oil production hit another all time high for the month of July, according to the North Dakota Industrial Commission Department of Natural Resources.
Oil output in July hit 27.1 million barrels, or nearly 2.5 million barrels higher than June production, and an increase of 29% versus July 2012, when production was nearly 21 million barrels.
In addition, the number of producing wells also rose to record levels, with 9,322 wells online. This compares to 9,096 wells producing in the month of June.
North Dakota continues to be a bright spot even as oil output from other areas of the country slowly declines. Since 2005, oil output has risen a whopping 800% per month rising from a mere 3 million barrels a month to over 27 million barrels.
According to the report, the capacity of shipping oil continues to be adequate, thanks due to rail shipments to coastal refineries. Drilling permits also increased sharply in August and the NDIC anticipates that it will increase even more as winter approaches.
Worth making note: the number of rigs drilling on federal land in the Dakota Prairie Grasslands remains at zero.
In addition, the NDIC noted that it received 1.2 million comments on drafting rules for hydraulic fracturing on federal lands. In addition, EPA received over 97,000 comments on guidance for permitting hydraulic fracturing using diesel fuel and is reported to have a target of the third quarter for final guidance on the matter.