N.D. Regulator: State's Oil Production Could Double

North Dakota's top oil regulator says the state could double its oil production by 2015 to more than 1 million barrels daily, putting it on par with Texas.

 

 

 

 

BISMARCK, N.D. (AP) - North Dakota's top oil regulator says the state could double its oil production by 2015 to more than 1 million barrels daily, putting it on par with Texas.

State Mineral Resources Director Lynn Helms says the increased production from about 575,000 barrels at present would depend on a strong worldwide economy, steady oil prices and a favorable federal regulatory climate.

North Dakota has gone from the nation's ninth-biggest oil producer in 2006 to No. 2 this year, trailing only Texas.

Helms says the jump in production in North Dakota and the resulting economic activity likely would push the state's population to more than 1 million residents.


(KFGO file photo)

 

AP

   

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