Market Overview

Record High North Dakota Oil Production in May

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Following an ongoing pattern, North Dakota continued to set more new records in May for monthly oil production (data here), see previous CD post here. The following are new, all-time record highs set in May:
Daily Oil Production: 296,423 barrels in May; 4.23% increase from April, 43.85% increase from May 2009, 89.5% increase from May 2008.

Total Monthly Production: 9,189,101 barrels in May, the first time that monthly production topped 9 million barrels.  Amazingly, oil production in North Dakota has doubled in just the last two years. 

The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

 

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