North Dakota posts record 25.1M barrels of oil in MayBISMARCK, N.D. (AP) — North Dakota oil drillers pumped a record 25.1 million barrels of crude in May, the Department of Mineral Resources said Monday.
BISMARCK, N.D. (AP) — North Dakota oil drillers pumped a record 25.1 million barrels of crude in May, the Department of Mineral Resources said Monday.
Lynn Helms, the agency's director, said in a monthly report that the state produced an average of about 810,000 barrels per day in May. That's up from 639,000 barrels in May 2012 and more than double the amount of barrels produced for the same month in 2011, the report said.
North Dakota's oil patch had a record 8,915 producing wells in May, up from 7,188 last year for the same months and 5,570 wells in May 2011.
North Dakota also produced a record 27.9 million cubic feet of natural gas in May, Helms said, an increase of about 2 million cubic feet from April. North Dakota produced 21.3 million cubic feet of natural gas in May 2012 and 11 million cubic feet of natural gas in May 2011, records show.
Helms said more than 95 percent of rigs drilling in the oil patch are aimed at the rich Bakken and Three Forks shale formations.
The May tally is the latest figure available because oil production numbers typically lag at least two months.
North Dakota sweet crude was fetching $97 a barrel Monday morning. That's up from about $72 for the same time last year and about from about $92 from the same month two years ago, records show.