North Dakota natural gas production fell slightly in October because of an early wintry blast, but benign weather in the last two months of 2023 could lead to “great numbers” for oil and gas output, according to the state’s Department of Mineral Resources (DMR) director, Lynn Helms. 

Production averaged 3.4 Bcf/d in October, down 1% versus September, DMR data show. 

Producers captured and marketed 3.21 Bcf/d, or 94% of total production, down 1% from September’s capture rate.

The price of natural gas delivered to Northern Border at Watford City decreased to $1.99/Mcf as of Dec. 13, down from $2.90 around the same time in November. 

Farther downstream on the same system, NGI’s Northern Border Ventura price averaged $2.070/MMBtu on Wednesday (Dec. 27).

Oversupply...