North Dakota output dips

15 June 2015, News Wires – North Dakota posted a slight drop in oil output for April, resuming a downward slope after a slight jump in March, as weak crude prices led producers to throttle back production.

offshore-oil-rig-Newfoundland-Labrador-Statoil-Canada-Bay-du-Nord-light-sweet-crude-API34-Husky-Energy-Calgary-Norway-EDIWeeklyThe state produced 1.17 million barrels per day of oil, down roughly 22,000 bpd from March, Reuters reported, citing data from the North Dakota Department of Mineral Resources.

Oil prices began to rebound in April, helping many oil producers around the state regain a small sense of optimism that the Bakken boom has not yet abated, although the US Energy Information Administration expects North Dakota output to dip again slightly for May and June.

Natural gas output rose about 1% in April as producers flared less and collected more, exceeding the state-mandated flaring-collecting threshold.

– Reuters

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