Record High North Dakota Oil Production in April
Daily Oil Production: 284,348 barrels in April; 2.53% increase from March, 44.56% increase from April 2009, 100% increase from February 2008.
Wells Producing: 4,576; 1.4% increase from March, 14.7% increase from April last year.
Daily Oil Per Well: 62 barrels, 26.53% increase from April 2009.
5 Comments:
a little over 1% of the daily us consumption of 19.3 b/d
rjs:
that 1% less from Middle east.
Also that 19.3 mbd consists of atleast 10% ethanol (u like it or not).So lot less from outside of NA.
Well considering the incompetence of Obama & his socialist minions we need to start somewhere else to make up for the shortfall of crude production...
Video clip: Engineers: White House ‘Misrepresented’ Views on Drilling Moratorium
Daily Oil Per Well: 62 barrels, 26.53% increase from April 2009.
At $80 oil, who is going to pay $4 million plus per a well that will produce 62 barrels per day after two or three years of production?
"At $80 oil, who is going to pay $4 million plus per a well that will produce 62 barrels per day after two or three years of production?"
The more pertinent question is: how long are people going to continue listening to the ramblings of an individual, who, as of last year, warned of possible natural gas shortages (and people freezing to death in their homes) by the 2009-2010 winter - during an era of surplus production, and glut capacity?
Post a Comment
<< Home