Way to go, North Dakota! State pumps record 313.5 million barrels of oil in 2013
Tops previous record by 70 million barrels
The state of North Dakota must be doing something right. The state has produced a record amount of crude oil in 2013 - 313.5 million barrels. That's about 70 million more than the previous high mark a year earlier. Up nearly 29 percent from 2012, the tally marks the sixth consecutive record year for oil production in North Dakota. North Dakota remains the nation's second largest oil producer after Texas.
More than 95 percent of drilling in the state is being done in the rich Bakken and Three Forks formations in western North Dakota.
The occasion marked the first time since January 2013 that the state did not set a monthly oil production record. December production figures were the latest available, because oil production numbers typically lag at least two months.
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"Oil and gas production continue to have a positive impact on the economy and jobs," Tessa Sandstrom, a spokeswoman for the North Dakota Petroleum Council said. Her group represents hundreds of companies working in the state's oil patch. "There are impacts and we look forward to addressing those in the coming year."
The state's natural gas production in December was 30.7 million cubic feet, down from a record 32.5 million cubic feet in November.
Data show 36 percent of natural gas produced in the state was burned off, or flared, in December, up about six percent from November, which Helms said was largely due to a temporary shutdown of a natural gas processing plant in Tioga.
In December, the amount of natural gas flared matched a record set in September 2011, records show. The U.S. Energy Department says less than one percent of natural gas is flared from oil fields nationwide, and less than three percent worldwide.
North Dakota sweet crude was fetching $81.35 a barrel Friday, up from $74.20 in January and $73.47 in December.
Data show 185 rigs drilling in North Dakota's oil patch Friday, double the amount for the same day four years ago.
Helms said North Dakota continues to be on track to surpass one million barrels of oil daily this year. More than 95 percent of drilling in the state is being done in the rich Bakken and Three Forks formations in western North Dakota.
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