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November 17, 2005 North Dakota Is 10th Largest Oil Producer in Nation In 2004, North Dakota ranked 10th in crude oil production out of 31 oil-producing states and two federal offshore areas, producing an average of 85,000 barrels per day. 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. North Dakota’s total oil production in 2004, 31 million barrels, was 1.6 percent of the nation’s total. Texas, Alaska and California, the top three states in U.S. crude oil production, captured nearly half the total oil production in the nation (49.1 percent or nearly 1 billion barrels). Nationally, 2 billion barrels of oil were produced in 2004, a 5.1 percent decline from 2003. On average, production nationwide has declined 2.6 percent per year since 1985. North Dakota’s oil production increased sharply in the late ’70s and peaked in 1984 at nearly 53 million barrels. Production declined throughout the late ’80s and early ’90s. After a small rise in the mid ’90s, production slowed, dropping to 29 million in 2003. In 2004, production increased 5.7 percent to 31 million barrels. “With the increasing demand for oil, especially after the hurricanes and destruction in the Gulf Coast, we should see continued increases in oil production for North Dakota,” says Richard Rathge, State Data Center director. In 2004, 16 of 53 North Dakota counties were oil producers. Bowman County was North Dakota’s largest crude oil producer (8 million barrels), followed by McKenzie (5.1 million), Billings (4.6 million), Williams (3.5 million) and Stark (3.3 million). ### Source:
Richard Rathge, (701) 231-7980, richard.rathge@ndsu.edu
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North Dakota State University |
