Natural gas prices in North Dakota continue to languish at nearly 30-year lows amid nationwide oversupply, according to the state’s top oil and gas regulator.

Production cuts announced by large operators in the gassy Marcellus and Haynesville shales have so far failed to meaningfully boost prices.  

“We’re seeing rigs lay down in the natural gas plays, the Marcellus and the Haynesville, like there’s no tomorrow,” Department of Mineral Resources’ (DMR) Lynn Helms, Oil and Gas Division director, said during a press briefing.

[Want to visualize Henry Hub, Houston Ship Channel and Chicago Citygate prices? Check out NGI’s daily natural gas price snapshot now.]

The price of natural gas delivered to the Northern Border Pipeline at Watford City, ND, stood at $1.13/Mcf...