North Dakota oil production rebounds over 1M barrels daily

April 14, 2017
Shale Play

BISMARCK, N.D. (AP) - North Dakota's oil production in February increased above 1 million barrels per day for the first time since August.

The Department of Mineral Resources says the state produced an average of 1.03 million barrels of oil daily in February, up from 981 million barrels in January. Production has been rising due to a slight rebound in oil prices.

North Dakota also produced 1.7 billion cubic feet of natural gas per day in February, up from 1.5 billion cubic feet daily in January.

The February tallies are the latest figures available.

There were 51 drill rigs operating in North Dakota on Thursday, up 12 from the February average.

North Dakota first surpassed the million-barrel-per-day mark in April 2014 and set a production record in December 2014 at 1.22 million barrels daily.

 
 

 

I am looking for:
in:
News, Blogs & Events Web