More The U.S. Energy Information Administration (EIA) estimates that total Bakken crude oil well output will pass the 1 million barrel of oil per day (MMbopd) mark in December. Bakken oil production is expected to rise by 26,000 barrels of oil per day (bopd) from 976,000 bopd this month to just over 1 MMbopd in December, EIA reported Friday. The estimate comes from EIA’s “November 2013 Drilling Productivity Report”, which tracks U.S. unconventional oil and gas plays. EIA also forecasts Bakken natural gas production to grow by 27 million cubic feet per day from 1.081 billion cubic feet per day (Bcf/d) in November to 1.108 Bcf/d in December. The Bakken now accounts for a little over 10 percent of total U.S. oil production. Once its production surpasses the 1 MMbopd mark, it will become the fourth U.S. region producing over 1 MMbopd in the United States. These other regions […]