north dakota oil

Nd Oil
Business, Local News, North Dakota News, Politics / Elections

Oil Production is Down in North Dakota

With room for improvement, the state has not received federal leases since 2016
Hami Arain,

BISMARCK, N.D. (KVRR) – As gas prices continue to rise, oil production has steadily decreased in the state of North Dakota and the United States. With the Biden administration’s ban on drilling permits and hydraulic fracturing on federal lands, North Dakota could miss out on at least $570 million over the next 15 years. That’s according to the state’s Department…

Oil Hearing
Business, Local News, North Dakota News

Energy Economists Warn NDIC To Vote No On ND Oil Production Cuts

They warn forcing producers to cut production will not stabilize prices for producers.
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BISMARCK, N.D. – The North Dakota Industrial Commission will vote tomorrow on if the state should mandate production cuts for oil producers. Economists are warning them to vote no. They warn forcing producers to cut production will not stabilize prices for producers. They also say storing oil is not a financial issue for North Dakota producers, as they already utilize…