North Dakota production seems likely to continue to increase throughout 2013 and 2014.
Annual North Dakota Bakken oil production is likely to be near 800,000 barrels per day.
Previous Race the Red Queen theory at the Oil Drum will be wrong
Rune Likvern posted several articles on theOildrum which indicated that annual Bakken North Dakota oil production would not get past 600,000-700,000 bpd on an annual basis. He made this projection back in 2012 and is clearly being proven to have been wrong.
In 2013, Rune modified the projection and clearly North Dakota’s Bakken oil production is tracking toward the higher 1800 wells added per year line. Look at the dotted green line that is heading towards 1 million bpd in 2015.
Some of the more prominent references to the Race the Red Queen theory of Bakken Oil
Slate had an article which stated US shale oil abundance would not happen. They used the Race the Red Queen as part of the argument. At the time US crude oil production was about 6 million barrels per day and now it is 7.75 million barrels per day.
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