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Author Topic: North Dakota oil output may double by mid-2017 Back to Topics
DoctorV

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Message Posted: Sep 30, 2013 6:25:25 PM

Oil production in North Dakota, home to the giant Bakken shale formation, may double to 1.6 million barrels a day by mid-2017, a state official said in remarks shown on video at a meeting on Thursday and received by Reuters on Friday.

[Helms] said U.S. oil refineries only have an additional 650,000 bpd in capacity to take light sweet crude beyond the amounts they are processing now. But that could change as the domestic market gets flooded with light sweet oil produced not just from Bakken but also the Permian Basin and Eagle Ford formation in Texas and New Mexico. "As refiners get a taste for light sweet crude oil, we think there'll be some switching back to light sweet from heavy sour but there's going to be some price turbulence involved in all of that," he said.

In recent yea
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REPLIES (newest first) Post a Reply
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ClarkSC
Champion Author South Carolina

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Message Posted: Oct 1, 2013 1:16:39 PM

Great.
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amoshins
Champion Author Trenton

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Message Posted: Oct 1, 2013 9:34:57 AM

cool.
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scu227
Champion Author New Haven

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Message Posted: Oct 1, 2013 9:13:39 AM

Now all we have to do is keep and use it here and say goodbye to OPEC
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FPLREP
Champion Author Virginia

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Message Posted: Oct 1, 2013 7:45:58 AM

Good news. And Obama is out come 2016.
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EnviroChemist
Champion Author Oklahoma

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Message Posted: Oct 1, 2013 7:29:07 AM

I hope they are correct on their calculations, but only time will tell.
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gbs1
Champion Author Minnesota

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Message Posted: Oct 1, 2013 7:22:20 AM

WOW, good news.
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FocusST2
Champion Author North Carolina

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Message Posted: Oct 1, 2013 7:19:38 AM

Let's get it goiing now.
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Rockyguitar
Champion Author Tampa

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Message Posted: Oct 1, 2013 6:54:24 AM

Do it! Good news!
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dandvicb
Champion Author Bridgeport

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Message Posted: Oct 1, 2013 6:37:45 AM

ok
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Luckylindy
Champion Author Milwaukee

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Message Posted: Oct 1, 2013 4:52:34 AM

Drill baby drill.
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Previvor
All-Star Author Virginia

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Message Posted: Oct 1, 2013 3:26:17 AM

Lets see
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werich44
Champion Author California

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Message Posted: Oct 1, 2013 3:16:32 AM

So far, all of this increased oil production has not reduced oil prices.
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Happytalk
Champion Author Pennsylvania

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Message Posted: Oct 1, 2013 2:25:27 AM

not fast enough
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2b0b
Champion Author Tulsa

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Message Posted: Oct 1, 2013 2:10:49 AM

Sounds like we need to build a pipeline paralell to the Keystone XL from North Dakota to the Gulf Coast. The Keystone was for 830,000 barrels a day and N.D. already is producing 875,000 barrels a day now. Since it would be entirely within the US, the parallel line would not need US government approval.
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MN1
Champion Author Twin Cities

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Message Posted: Oct 1, 2013 1:10:49 AM

More buzz and hype. I'll believe it when I see it.
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KAR120CSII
Champion Author Oregon

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Message Posted: Oct 1, 2013 12:57:54 AM

Say it ain't so --
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Jeff4U
Champion Author Atlanta

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Message Posted: Oct 1, 2013 12:55:53 AM

I don't have much faith in predictions.
Hell, they can't even predict the weather - like the very active hurricane season we are supposed to be having right now. See any hurricanes lately?
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goldrose1
Champion Author Cleveland

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Message Posted: Oct 1, 2013 12:45:27 AM

ok
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cheapchickKY
Champion Author Lexington

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Message Posted: Oct 1, 2013 12:39:19 AM

Interesting.
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MikeCapeCoral
Champion Author Cape Coral

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Message Posted: Oct 1, 2013 12:36:34 AM

Good... now we need to state to act like an oil producing nation.
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MrLefty0706
Champion Author Chicago

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Message Posted: Oct 1, 2013 12:31:14 AM

A few weeks ago an article was listed that stated production in North Dakota was slowing down. Glad to see they were wrong.
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JohnofGB
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Message Posted: Oct 1, 2013 12:20:59 AM

Now if they could transport it to the refineries by pipeline, prices would come down.
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Gabydominguez85
Champion Author Milwaukee

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Message Posted: Oct 1, 2013 12:05:31 AM

Hope that brings prices down!!!
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rahcat
Champion Author Grand Rapids

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Message Posted: Oct 1, 2013 12:01:17 AM

Great News!
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Pielededrac
Champion Author Florida

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Message Posted: Sep 30, 2013 11:54:57 PM

Great, go for it!
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fuel2use
Champion Author Seattle

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Message Posted: Sep 30, 2013 11:49:40 PM

Amazing.
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1momsunshine
Champion Author Ottawa

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Message Posted: Sep 30, 2013 10:25:40 PM

wow.
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nurdco
Champion Author Colorado Springs

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Message Posted: Sep 30, 2013 10:25:39 PM

But NO Return to Customer of LOWER fuel pump prices
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Vetteblu
Champion Author Denver

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Message Posted: Sep 30, 2013 10:22:45 PM

And we'll be paying $5-6/gallon then.
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davenles
Champion Author Texas

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Message Posted: Sep 30, 2013 10:21:46 PM

Price turbulence = higher prices
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RRBC
Champion Author Victoria

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Message Posted: Sep 30, 2013 9:56:19 PM

Yippee
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TomT2Lee
Champion Author Cincinnati

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Message Posted: Sep 30, 2013 9:42:13 PM

Dreams are nice.
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sickhp
Champion Author San Antonio

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Message Posted: Sep 30, 2013 9:17:51 PM

Drill baby drill in all of America, tell OPEC to go pound sand and keep the profits in America, this will increase taxes to the Feds.
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mwg6275
Champion Author Miami

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Message Posted: Sep 30, 2013 8:54:28 PM

We do need more refineries. How else can we handle the increase in oil?
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madison8359
Champion Author Cleveland

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Message Posted: Sep 30, 2013 8:51:03 PM

And will this raise prices?
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comprof
Champion Author Houston

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Message Posted: Sep 30, 2013 8:27:32 PM

WE SHOULD BE BUILDING MORE REFINERIES NOW.
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Snowball2013
Champion Author Yakima

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Message Posted: Sep 30, 2013 8:12:14 PM

How will it affect gas prices?
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Rayfuel
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Message Posted: Sep 30, 2013 8:03:27 PM

Good!
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PathfinderSC
Champion Author South Carolina

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Message Posted: Sep 30, 2013 7:59:50 PM

It would be good, If it would bring gas prices down.
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Lugi1967
Champion Author Ohio

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Message Posted: Sep 30, 2013 7:50:44 PM

Less OPEC oil needed can only help
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kag2010
Champion Author Winnipeg

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Message Posted: Sep 30, 2013 7:26:19 PM

Excellent
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Zuegma
Champion Author Nova Scotia

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Message Posted: Sep 30, 2013 7:08:39 PM

Light sweet crude is easier to refine and, if more of it comes from North America, the better we'll all be in the long term: i.e., self sufficiency.
P.S.: Heavier oil is not necessarily sour and the range of refined products differ than the light crude (which can also be sour - i.e., containing H2S).
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jjjleblanc
Champion Author Rochester

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Message Posted: Sep 30, 2013 7:06:57 PM

Great news.
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mastermariner
Champion Author Texas

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Message Posted: Sep 30, 2013 7:00:26 PM

Excellent
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jamofsocal
Champion Author Los Angeles

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Message Posted: Sep 30, 2013 6:49:34 PM

Go NORTH DAKOTA!!

DRILL BABY DRILL!!
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Discovery02
Champion Author Colorado Springs

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Message Posted: Sep 30, 2013 6:44:31 PM

..."but there's going to be some price turbulence involved in all of that." is the key phrase here.
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humblepie
Champion Author Toledo

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Message Posted: Sep 30, 2013 6:42:19 PM

how delightful
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