North Dakota posts record 821K barrels of oil daily in JuneBISMARCK, N.D. (AP) — North Dakota oil drillers continue to produce crude and natural gas at a record pace, the Department of Mineral Resources said Thursday.
BISMARCK, N.D. (AP) — North Dakota oil drillers continue to produce crude and natural gas at a record pace, the Department of Mineral Resources said Thursday.
Lynn Helms, the agency's director, said in a monthly report that the state produced an average of 821,415 barrels per day in June, up from an average of 811,262 barrels daily in May, and more than double the amount of barrels in June 2011.
North Dakota's oil patch had a record 9,071 producing wells in June, up from 8,932 wells in May. There were a then-record 5,558 producing wells in June 2011.
North Dakota also produced a record 27.9 million cubic feet of natural gas in June. That's up from 27.7 million cubic feet produced in May.
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 June tally is the latest figure available because oil production numbers typically lag at least two months.
North Dakota sweet crude was fetching $94.25 a barrel Thursday morning. That's up from about $86 in June.