North Dakota oil production drops below 1M barrels daily

By The Associated Press

 

North Dakota's oil production in August dropped below 1 million barrels per day.

 

BISMARCK, N.D. (AP) — North Dakota's oil production in August dropped below 1 million barrels per day.

The Department of Mineral Resources says the state produced an average of 981,039 barrels of oil daily in August, down from 1.029 million barrels of oil daily in July. North Dakota's production record was set in December 2014 at 1.22 million barrels daily.

North Dakota also produced 1.64 billion cubic feet of natural gas per day in August, down from 1.69 billion cubic feet daily in July.

The August tally is the latest figure available because oil production numbers typically lag at least two months.

There were 33 drill rigs operating in North Dakota's oil patch on Thursday, down 85 percent from the high of 218 in May 2012.

 

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs