Oil producers in North Dakota’s Bakken Shale are facing the lowest natural gas prices in nearly three decades, according to the state’s top regulator. 

Department of Mineral Resources (DMR) Director Lynn Helms addressed the issue during a recent press conference.

The price of natural gas delivered to the Northern Border pipeline system at Watford City, ND, stood at $1.17/Mcf as of Thursday, the lowest price since June 1996, according to DMR. Farther downstream on the same system, NGI’s Daily Northern Border Ventura price averaged $1.365/MMBtu on Tuesday (Feb. 20).

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