North Dakota is likely to increase oil production by 300,000 to 700,000 barrels per day that will make a difference if all else was the same.
The same production methods are being used in Canada’s Bakken, Cardium in Alberta, Eagle Ford in Texas and many foreign countries.
According to data from Saskatchewan Energy and Resources, an average of 750 barrels of oil per day was produced in the Bakken (Canada portion) in 2004. By 2006, production had climbed to 5,000 barrels per day. From there, the trajectory is steep: 13,500 barrels in 2007; 41,800 in 2008; 54,500 in 2009; and more than 61,000 in the first six months of 2010 from more than 1,000 wells.
Toreador is beginning test drilling in the Paris basin in France.
Oil drilling is proceeding in the Georgina in Australia
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
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