Hellenic Shipping News
North Dakota crude output in May climbs to new high of 810,129 b/d

Tuesday, July 16, 2013

North Dakota produced 810,129 b/d of crude in May, up 16,277 b/d from April and a new record high, data by the state's natural resources agency showed. The gain in production was attributed to an increase in wellheads and drilling rigs, which rose by one from April to 187.

Investors also are nervous because of uncertainty surrounding federal policies on taxation and hydraulic fracturing regulation, the state said.

The number of producing wells rose to a new high of 8,915 in May, up 143 from April.

Bakken Blend crude made up 92% of April's production, or 745,399 b/d.

Meanwhile, Bentek Energy, a unit of Platts, came in with a lower May production estimate of 798,730 b/d for the North Dakota Williston Basin.

That is because "we define the counties a little differently," Bentek energy analyst Erika Coombs told Platts.

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