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Article: United states : Soaring ND oil production to get another boost.
- Article from:
- TendersInfo
- Article date:
- November 9, 2009
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Byline: manish03
North Dakota's already burgeoning oil production could soar another 50 percent next year as the state's capacity to export crude catches up with its ability to pump it, state regulators and industry officials say.
If oil prices stay above $60 a barrel and contemplated oil transportation projects become reality, the state could be producing 400,000 barrels of oil daily within five years, said Lynn Helms, director of the state Department of Mineral Resources.
North Dakota's current production now exceeds 230,000 barrels a day, which ranks the state behind only Texas, Alaska and California. The state's output supplies about 2 ...