The steep oil price drop in the spring caused a big dip in production, but the industry is back to more normal levels.
North Dakota’s oil output soared 14% in August as more wells shut down earlier in the spring because of the coronavirus crisis came back online.
“It is nice to note that we are back on the road again to healthy production,” Lynn Helms, director of North Dakota’s Mineral Resources Department, told reporters Friday.
Still, Helms noted that while oil prices have been high enough to return wells to production, they are still too low to drill and frac new wells. So, while September’s oil data is likely to show another increase, production will likely fall thereafter.
North Dakota, the nation’s second-largest oil-producing state after Texas, pumped out 1.16 million barrels per day, up from 1.04 million per day in July. In May, output hit a seven-year low of 858,400 barrels per day.
The state posted record oil production of 1.52 million barrels per day in November 2019.
— Read on m.startribune.com/north-dakota-oil-production-swells-as-wells-go-back-online/572775511/