N. Dakota Oil Production in July is "Off the Charts" It Could Surpass CA By End of Year for No. 3 Spot
1. The most oil ever produced in a single month - 13,131,366 barrels - an increase of almost 14% above the previous record in June of 11,544,331 barrels, and a gain of almost 32% from July of last year. In just a little more than two years (since June 2009), oil production in North Dakota has doubled to its current record-setting level.
2. The highest-ever number of producing wells at 5,507, an increase of 673 wells from a year ago, and almost 200 more than in June of this year.
3. A new record high 2,384 barrels per well, and the highest-ever daily oil produced per well at 77 barrels.
4. North Dakota's oil wells produced an average of 423,592 barrels of oil every day in July, a new monthly record, and an increase of almost 40,000 barrels per day compared to June.
Bottom Line: At the current rate of ongoing record-setting increases in North Dakota oil production, it could surpass California (540,000 barrels per day) by the end of the year as the No. 3 oil-producing state in the country, behind only Texas (1,410,000 barrels per day) and Alaska (550,000).