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North Dakota oil, gas production returns to record level – INFORUM

North Dakota oil, gas production returns to record level – INFORUM

The state produced an average of nearly 1.27 million barrels of oil per day in July, a new all-time high, released on Friday, September 14, by provisional figures, by the ministry of mineral resources.

Oil production in July fell by 3.4 percent and surpassed the previous record of 1.25 million barrels per day that was set in May.

Also on Friday, the North Dakota Pipeline Authority presented new projections on how long the development of the wells of Bakken and Three Forks in North Dakota can continue under current oil prices.

"There is still somewhere between 20 and 60 years of drilling stock in the state at the price of today," said director Justin Kringstad. "That will only get bigger as the prices rise."

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