BREAKING NEWS

BREAKING NEWS

N.D. oil, gas production sets more records

BISMARCK North Dakota’s oil and gas production has reached preliminary all-time highs.

In October, the state produced a preliminary all-time high of 941,637 barrels a day or about 29.2 million barrels.

Gas production in October set a preliminary all-time high of 1,070,270 MCF a day, or about 33.2 million MCF. One MCF equals 1,000 cubic feet of natural gas.

The state has a preliminary all-time high of 9,900 producing wells. That’s 199 more wells than in September.

The North Dakota

Department of Mineral Resources reported the new statistics on Friday. The October figures are the most recent production figures available.

Lynn Helms, director of the N.D. Department of Mineral Resources, said 60 percent of the producing wells are unconventional Bakken-Three Forks wells and 40 percent of the producing wells are from legacy conventional pools.

Helms, in his monthly “Director’s Cut” report, said the number of rigs actively drilling on federal surface in the Dakota Prairie Grasslands remains at zero.

On the Fort Berthold Reservation, he said 20 rigs are drilling and there are 1,076 active wells.

He said crude oil take-away capacity is expected to be adequate as long as rail deliveries to coastal refineries keep growing.

As of late Friday afternoon, 190 rigs were actively drilling in North Dakota, according to the Mineral Resources Department’s Oil and Gas Division.