North Dakota oil production up 3 percent
WILLISTON, N.D. – North Dakota produced 973,045 barrels of oil per day in November, a nearly 3 percent increase and another all-time high, the Department of Mineral Resources said today.
The state now has 10,023 producing oil wells, with wells in the Bakken and Three Forks formations accounting for about two-thirds of the oil wells, according to the state’s preliminary figures.
North Dakota, now the No. 2 oil producer in the country, is expected to hit the 1 million barrel a day milestone early this year.
Natural gas production also hit another all-time high in November with an average of nearly 1.09 billion cubic feet per day.
The percentage of natural gas flared grew 2 percent to 30 percent in November, which Director of Mineral Resources Lynn Helms attributes to the temporary shutdown of the Hess Corp. gas processing plant at Tioga. Helms has said the expanded gas plant should significantly reduce flaring once it’s fully operational early this year.