Department Hopes Oil Production Surpasses A Billion Barrels - KFYRTV.COM - Bismarck, ND - News, Weather, Sports

Department Hopes Oil Production Surpasses A Billion Barrels

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Lynn Helms of the Department of Mineral Resources addressed the hundreds of energy industry attendees today about production numbers.

The Bakken formation recently reached the billion barrel mark, but Helms says North Dakota is approaching another benchmark that is even more impressive.

"We anticipate over the next decade that we will mark off another billion barrels in the next three years or less. Somewhere between two and three years between each billion barrel mark. The size and magnitude of the Bakken and the three forks really boggles the mind," says Helms. 

Helms anticipates North Dakota oil production will reach a million barrels a day in the near future. It took 35 years for North Dakota to reach the billion barrel mark statewide back in the mid '80s.

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