Bakken Crude May Account for 15% of Domestic Output by 2015
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Crude oil from the Bakken Shale in North Dakota’s Williston Basin will help account for nearly 1.2 million barrels a day, or 15 percent, of U.S. output by 2015, analysts from Raymond James said today.
The North Dakota rig count rose to a record of 166 in December and production has tripled since 2006, according to the state Industrial Commission Department of Mineral Resources. The analysts predict that will rise to almost 200 by 2013.