In a recent article from the Dickinson Press, North Dakota oil production has surpassed last year’s record and is now nearing half a million barrels per day according to a report from the Associated Press and confirmed by North Dakota state officials and industry officials. In fact, the current production in the state has already surpassed 113 million barrels produced in 2010.
A record 204 drilling rigs were operating in the western region of North Dakota this past week, nearly all are drilling on the Bakken and Three Forks formations, precisely the same region of production where the Dakota Access Pipeline will originate.
Right now in eastern Montana and North Dakota the daily capacity to move oil out of the region is 773,000 barrels, including 438,000 barrels by pipeline and 335,000 barrels by rail. Added pipeline capacity, through the construction of the Dakota Access Pipeline which will transport 470,000 barrels per day, will more than double the current take away, help free up rail capacity, and grow our country’s ability to extract our own energy resources while on the path to full energy independence.