Department Of Mineral resources gives positive oil outlook

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BISMARCK, N.D. - North Dakota has recovered from last year's oil slump, but the Department of Mineral Resources says it still has a long way to go before we're looking at oil boom numbers again.

North Dakota is producing more than one million barrels of oil per day several hundred thousand barrels less than production in 2015.

The department of mineral resources says this is still an uptick from last year.

There are about 14,000 active wells in the state, and about 32,000 in total.

Statewide well production has increased exponentially since January.

"He's expecting production to go up anywhere from 1.7 to 2 million. That is about ten years or so from now. But as far as an increase in production, we're expecting a slow increase until that time," said Bruce Hicks, NDIC assistant director.

Hicks says they expect the Bakken to have 55,000 to 60,000 wells before it is fully developed.