Oil production in the Powder River Basin more than doubles in five years

Oil production in the Powder River Basin more than doubled over the past five years, the U.S. Energy Information Agency reported Monday, confirming a trend many observers had long suspected.

Output in the basin grew from 38,000 barrels per day in 2009 to 78,000 barrels per day during the first quarter of this year, EIA said. 

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