ND oil production rises slightly in August
BISMARCK – North Dakota’s oil production again made a slight rise to 1.084 million barrels per day in August, the state’s Department of Mineral Resources reported Tuesday.
The August production numbers are the most recent numbers available. In July the state produced 1.048 million barrels of oil per day. The all-time high was more than 1.2 million barrels per day produced in December 2014.
The state’s natural gas production had a preliminary new all-time high of 1.943 billion cubic feet per day in August. In July 1.896 billion cubic feet per day of natural gas was produced.
The state also had a preliminary new all-time high of 14,080 producing wells in August, according to the Mineral Resources Department. This was an increase of 88 wells. In July 13,992 wells were producing.
The North Dakota sweet crude price, according to Flint Hills Resource, was $41.50 per barrel on Tuesday.
The state’s rig count on Tuesday was 57, down 74 percent statewide from the high. The all-time high was 218 on May 29, 2012.
Two rigs are actively drilling on federal surface in the Dakota Prairie Grasslands, the Mineral Resources Department reported.
On the Fort Berthold Reservation 13 rigs are drilling. The reservation is producing 229,639 barrels of oil per day and has 1,723 active wells.
Lynn Helms, director of the Mineral Resources Department, said the oil price weakness is now anticipated to last through calendar year 2017. He said OPEC met the last week of August and decided to extend production cuts for nine months, but compliance has been less than 100 percent.