North Dakota's oil production could be more than 2 million barrels a day by 2025 -- about three times the current rate -- according to a state-funded study released Wednesday.
Bentek Energy LLC, an analysis firm based in Evergreen, Colo., also predicts in its study that natural gas production could quintuple to some 3 billion cubic feet by 2025 in the Williston Basin, which includes the Dakotas and Montana.
The authors of the 129-page report said forecasting oil production was not a primary objective of the study, but it was "an essential part of determining the associated gas forecast."
The Bentek study predicts gas production could actually increase or decrease at a slower rate in the Bakken and Three Forks wells as oil production declines. The study based its findings on older Bakken wells in Montana.
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