That’s up from 17.9 million barrels out of 6,932 wells in March, the first time North Dakota surpassed Alaska in crude oil production to take the No. 2 slot among the states. Texas is No. 1.
In April, Alaska averaged 552,384 barrels a day, down 15,000 barrels a day from March, according to Alaska’s Oil and Gas Conservation Commission.
California has averaged around 435,000 to 440,000 barrels a day for several months.
Texas averaged 1.75 million barrels a day in March, continuing several months of increases, according to the U.S. Energy Information Administration.
North Dakota could double its oil production by 2015 to more than 1 million barrels daily, putting it on par with Texas “if everything goes our way,” the state’s top oil regulator, Lynn Helms, told industry and government officials Wednesday.
The jump in production in North Dakota and the resulting economic activity likely would push the state’s population to more than 1 million residents, Helms told an audience of several hundred at the Williston Basin Petroleum Conference and Expo in Bismarck. The U.S. Census Bureau’s most recent count shows North Dakota’s population at a record 683,930.
Billionaire Oklahoma oilman Harold Hamm (CEO Continenta Resources) said “We’ve been saying for two years that North Dakota could be at 1.2 million barrels a day by 2015,” said Hamm, chairman and chief executive officer of Continental Resources Inc., an independent oil and gas company based in Oklahoma City.
The 1.1 million barrel per day possible forecast is based upon 14 billion barrels of recoverable oil in North Dakota.
Continental Resources has new estimates 27-45 billion barrels of recoverable oil.
This would mean 2-3 million barrels per day of production for North Dakota.
Well counts to sustain the three oil production scenarios for North Dakota Bakken. In parentheses is the year when the cumulative well count exceeds 38,890 wells.
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.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.