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Oil Production in the Bakken Expected to Increase This Spring

on February 22, 2013

As residents of Upper Plains states know, winter still has a punch or two left, but spring is likely to be a good one for oil production and commercial development in the Bakken.

News reports indicate that oil production will be ramping up in western North Dakota in coming months.

The Crosby, N.D., Journal is among the news publications that have reported some encouraging projections for warmer-weather months.

“After a bity of lull across North Dakota’s oil patch, the rebound appears to be on its way.  With more than 200 wells waiting to be fracked and the expectation of 15 more rigs moving into the state, this spring promises to be busy in oil country,” the Journal reported Feb. 19.

The price of sweet crude, which has been climbing upward, is among the factors encouraging development, according to Lynn Helms, North Dakota’s director of mineral resources.

To read the full Journal story, click HERE.

Posted in Investment Insights | Tagged Bakken, Journal, North Dakota, Oil Production
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