oil production

ND oil production flat due to worker shortage

BISMARCK, N.D. (KVRR) – Oil production is flat in North Dakota due to a workforce shortage as the industry recovers from the coronavirus pandemic. Companies say they are in need of workers to inject water, sand and chemicals down wells to crack open rock and release oil, a process known as hydraulic fracking. State Mineral Resources Director Lynn Helms says…

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.

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…

North Dakota Oil Output Pushes Revenue Ahead of Forecast

Oil production is running about 5% ahead of projections.

BISMARCK, N.D.–Record oil production is pushing state revenue ahead of expectations for the first several months of the state’s two-year budget cycle. North Dakota budget director Joe Morrissette says revenue is up 7.6%, or about $121.6 million, over projections. Oil production in North Dakota is at about 1.5 million barrels daily. The state has so far collected more than $1.25…

North Dakota Drillers Set Oil Production Record in July

There were a record 15,943 wells producing in July.

BISMARCK, N.D.–North Dakota regulators say drillers set a record for oil production in July. The Department of Mineral Resources says the state produced an average of 1.44 million barrels of oil daily in July. That was up from the previous record of 1.42 million barrels a day set in June. North Dakota also produced a record 2.94 billion cubic feet…

Oil Production Steady in North Dakota

The state's wells produced 1.39 million barrels of crude per day in May.

BISMARCK, N.D. – State officials say oil production in North Dakota held steady this spring. The state’s wells produced 1.39 million barrels of crude per day in May, just 800 per day more than in April. Despite the steady May numbers, North Dakota’s oil production is near the record set in January. And, the high level is creating some transportation…