Almost a hundred years ago, my family, immigrants from Russia fleeing Communism, came to the United States and settled in Williston, North Dakota, eventually coming to Sacramento; so it has a particular resonance to see the wealth being produced there after so many years of less than prosperous times, as reported by the Daily Signal.
North Dakota has drilled its way into the record books, producing more than a million barrels of oil a day. Fueled by the energy revolution in the Bakken Oil Fields, North Dakota now supplies 12 percent of the nation’s total oil production.
According to the state’s Department of Mineral Resources, in the month of April, North Dakota drilling peaked at 1,001,149 barrels a day. With these figures, North Dakota joins just four other states to have reached the historic mark—Louisiana, Alaska, California and Texas.
James Fallon, director of IHS, a leading global information firm, told the Associated Press: “North Dakota could be an OPEC country of its own in terms of production—it’s essentially the production of Ecuador.”
>>> A Fracking Miracle: North Dakota’s Bakken Boom
The state currently produces more than 1 percent of total global output, and according to the director of North Dakota’s Department of Mineral Resources, Lynn Helms, that number is expected to grow.
In a conference call with reporters, Helms said inclement weather hampered April production as floods washed out roads and high winds kept companies from drilling for days. As the weather improves in the summer months, he predicts North Dakota will reach full potential.
“Permitting and drilling activity indicates that we’ll continue to see production grow and build well above 1 million barrels a day,” he told reporters Tuesday..
Retrieved June 23, 2014 from http://dailysignal.com/2014/06/23/1000000-barrels-day-growing-oil-production-skyrockets-north-dakota/