According to the NDIC Director, oil production increased by more than 10,000 barrels of oil in March (month-over-month) despite continued harsh weather and with as many as 774 wells still shut in. (See the Director’s Cut at the NDIC website; it was dated May 11, 2011 — yesterday.)
10,000 bopd at $100/bbl –> $1 million at the wellhead.
Yes, I know the average was less than $100, and that one doesn’t see $100/bbl at the wellhead, but it’s back-of-the-envelope doodling.
bakkenoil 