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July 15, 2004 North Dakota Is 10th Largest Oil Producer in the Nation North Dakota ranks 10th out of 31 producing states and Federal Offshore areas in crude oil production, producing approximately 29 million barrels of oil in 2003. This month’s “Economic Briefs,” a monthly publication from the North Dakota State Data Center at North Dakota State University, focuses on crude oil production throughout North Dakota and the nation. In 2003, oil production in North Dakota captured 1.4 percent of the nation’s total production. Texas, Alaska and California, the leaders in U.S. crude oil production, captured nearly half of the total oil production in the nation (48.3 percent or 1 billion barrels). Nationally, 2.1 billion barrels of oil were produced in 2003. Production nationwide has declined 2.4 percent per year, on average, since 1985. North Dakota’s oil production increased sharply in the mid to late 1970s and peaked in 1984 at 52.7 million barrels. Production declined throughout the late 1980s and early 1990s. After a small rise in the mid 1990s, production slowed once again, dropping from 35.8 million barrels in 1997 to 29.3 in 2003. “However, with the recent changes overseas and increased demand, one should expect North Dakota’s production to increase over time,” said Richard Rathge, director of the State Data Center. Nearly two-thirds of North Dakota’s oil production came from four counties in 2003: Bowman (5.5 million barrels), McKenzie (4.8 million barrels), Billings (4.6 million barrels), and Stark (4.2 million barrels). ### Source:
Richard Rathge, (701) 231-8621, richard.rathge@ndsu.nodak.edu
Click here for an Adobe Acrobat file of this publication. (356 Kb pdf) |
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North Dakota State University |
