North Dakota Oil Production Slightly Declines in February
BISMARCK – North Dakota’s oil production reached 1.163 million barrels per day in February, totaling 32.5 million barrels for the month, according to the North Dakota Department of Mineral Resources. This marks a decrease of 13,000 barrels per day from January’s production, which was 1.176 million barrels per day.
Nathan Anderson, director of the Mineral Resources Department, noted that colder temperatures contributed to a 1.63% decline in natural gas production, which fell to 3.268 billion cubic feet per day in February from 3.322 BCF/day in January. Approximately 98% of North Dakota’s oil production originates from the Bakken/Three Forks formations, with McKenzie County accounting for 30% of the production.
Currently, there are 32 active drilling rigs and 13 frac crews in North Dakota. This is a slight decrease in producing wells, likely due to adverse weather conditions. Notably, February production on the Fort Berthold Reservation showed a slight increase to 193,278 barrels per day, maintaining a steady rig count of two and 128 approved drilling permits.
As the state continues to develop its energy resources, the oil sector remains a significant economic driver.
Note: The image is for illustrative purposes only and is not the original image associated with the presented article. Due to copyright reasons, we are unable to use the original images. However, you can still enjoy the accurate and up-to-date content and information provided.
