North Dakota Hits Record Oil Production
Lowest unemployment in the U.S.
North Dakota set record highs in oil and natural gas production for the month of July, according to state resource officials. A record number of wells, 9,322, were also in production in July, another all-time high.
According to Lynn Helms, director of North Dakota’s Industrial Comission, the surge in production came from a the completion and activation of 149 wells over the month of June. The NDIC placed July oil and natural gas production at 108,258 barrels per day, and 970 million cubic feet per day, respectively.
North Dakota is currently second behind Texas in natural resource production in the United States. The oil boom has also gifted North Dakota with the lowest unemployment rate in the country and according to the U.S. Geological Survey, there may still be as much as 6.7 trillion cubic feet of natural gas and 7.4 billion barrels of oil under the ground.