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By Mark Davis
The nation founders, the Lone Star State thrives
Topic - Harold Hamm
The godfather of North Dakota's present oil bonanza predicted the state's crude production will double to 2 million barrels daily by decade's end but warned industry officials Thursday that future safety missteps would threaten that.
Oil drillers targeting the rich Bakken shale formation in western North Dakota and eastern Montana have produced 1 billion barrels of crude, data from the two states show.
Hamm, who later sat on a panel with other company CEOs, said his company's oil production in the Bakken has increased more than tenfold to 88,000 barrels a day since 2007.
Hamm said just one more incident is enough to put the brakes on Bakken oil development.