1/25/2010

Drilling advances in the Bakken Shale formation have prompted North Dakota to increase its oil-production forecast. The state's output may reach between 300,000 to 400,000 barrels a day by the middle of next year and remain at that level for up to 15 years, North Dakota Mineral Resources Department Director Lynn Helms said. "The increase in North Dakota is all new production," American Petroleum Institute chief economist John Felmy said.

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