SOURCE: Industrial Info Resources

Industrial Info Resources

September 20, 2013 06:30 ET

Executives Predict North Dakota Crude Oil Production Will Double Within Decade, an Industrial Info News Alert

BISMARK, ND--(Marketwired - Sep 20, 2013) - Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- "How high?" and "How fast?" were the two most-asked questions regarding crude-oil production trends in the Bakken formation at an Oil & Gas conference early last week in Bismarck, North Dakota. The state's crude oil production averaged 821,598 barrels per day in June, which was the most recent data available when Information Forecast Incorporated held its Fourth Annual Bakken Infrastructure Finance & Development Conference. An official from SAIC Energy predicted that production will at least double over the next 10 years.

Other companies featured: SAIC Incorporated (NYSE:SAI), Triangle Petroleum Corporation (NYSE:TPLM), Continental Resources Incorporated (NYSE:CLR), ExxonMobil (NYSE:XOM), BP plc (NYSE: BP)

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