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North Dakota oil production slips a bit in April after gaining in March

Jun. 12, 2015 6:44 PM ETContinental Resources, Inc. (CLR) StockCHRD, COP, XOM, HES, EOG, MRO, CLR, NOG, EOXBy: Carl Surran, SA News Editor23 Comments
  • North Dakota oil production fell 1.8%, or nearly 22K bbl/day, in April to ~1.17M bbl/day after recording a surprising jump in March, as weak crude prices led producers to ease production.
  • The number of drilling rigs operating in North Dakota stands at 76, the lowest since December 2009, according to the latest monthly report from the state's Department of Mineral Resources.
  • The agency director has said he expects the state’s oil production to remain at 1.1M-1.2M bbl/day until oil prices recover.
  • April natural gas production was up slightly at 1.54B cf/day from 1.51B cf/day in March.
  • Unimpressed commentator Gregor McDonald tweets: "Sorry America, but 9,525 wells in the North Dakota Bakken producing on average 116 bbl/day is more cartoon than triumph."
  • Top Bakken producers include: CLR, EOG, XOM, HES, COP. MRO, WLL, OAS, NOG, EOX

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