North Dakota Oil Production Just Set A New Record

Williston, North Dakota

Photo: Robert Johnson — Business Insider

October oil production in North Dakota hit 747,239 barrels per day, 2.5 per cent more than the previous record — September.North Dakota, of course, is ground zero for America’s shale oil boom.

“North Dakota could join OPEC,” said Maury Harris, UBS chief U.S. economist.

The Bismarck Tribune reports total producing wells hit 8,025, compared with 7,899 producing wells in September.

The state’s Department of Mineral Resources director Lynn Helms says drilling companies “plan on having a very high-paced first half of 2013” in fracking wells, the paper says.

Although total drilling permits actually plummeted  to 211 in November compared with 370 in October, Helms this was correcting an overhang.

SEE MORE: Why Everyone’s Talking About ‘Saudi America’ >

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.