North Dakota could double its oil production by 2015 to more than 1 million barrels daily, putting it on par with Texas "if everythingmonster beats studio salegoes our way," the state's top oil regulator told industry and government officials Wednesday.
Lynn Helms, director of the state Department of Mineral Resources, said the increase from about 575,000 barrels at present would depend on a strongmonster beats studioglobal economy, steady oil prices and a favorable federal regulatory climate.
North Dakota has gone from the nation's ninth-biggest oil producer in 2006 to No. 2 this year, trailing only Texas, which produced about 1.1 million barrels daily in February, the most recent month for which therebeats by dr dre saleare figures.
The jump in production in North Dakota and the resulting economic activity likely would push the state's population to more than 1 million residents, Helms told an audience of several hundred at the Williston Basin Petroleum Conference and Expo in Bismarck.
The U.S. Census Bureau's most recent countBeats By Dre DiddyBeatsshows North Dakota's population at a record 683,932, an increase of more than 11,300 in the past year and eclipsing the state's previous population record set in 1930.
"A population of a million. Beats By Dre Studio
That is a cool number," Helms said. "It would be a wonderful state to live in."