North Dakota oil production down in April; spring blizzards to blame (Audio)
June 15, 2022
BISMARCK, N.D.–North Dakota oil production dropped in April to 900,507 barrels per day.
State mineral resources director Lynn Helms says that’s a 20 percent drop from the March number.
Helms says the production was down due to the loss of electric power in blizzards….
Helms says despite the production drop, oil prices stayed very strong – 139 percent above the revenue forecast. He also says supplies of both oil and natural gas remain very tight.
North Dakota currently has 37 drilling rigs working in the Bakken, and has 494 wells waiting on completion. Helms says he expects production to pick back up this summer, and there’s a chance production could come close to 1.2 million barrels per day.