North Dakota’s robust Bakken Shale hasn’t reached its all-time low points for rig count and well shut-ins, but it will be there soon enough, the state’s chief oil/natural gas regulator Lynn Helms said Tuesday during a report on the latest monthly production statistics.
Articles from Helms
North Dakota’s chief oil and gas regulator last Friday predicted that the indirect impact of the coronavirus on global oil prices and demand could be felt for the rest of this year by U.S. operators.
Oil and natural gas production in North Dakota rebounded in June, with both commodities reaching new output highs in the state.
North Dakota officials are viewing as a constitutional duty to possibly file a lawsuit challenging a new law in Washington state that could restrict oil shipments from the Bakken Shale.
Interest beyond the Bakken Shale’s four-county core in North Dakota is expanding to the upper Midwest grasslands, with as many as five of the state’s 65 active rigs now in operation.
In another sign that the Bakken Shale’s best oil producing areas continue to be gassier than other shale plays, North Dakota officials saw natural gas production set an all-time record in January, averaging more than 2.7 Bcf/d for the month.
Oil and natural gas production in the Bakken Shale in North Dakota continued to shatter records at the end of last year, according to the monthly report issued last week by the Department of Mineral Resources (DMR).
The two hottest oil and natural gas basins in the United States, the Permian and Williston, are both working through similar bottlenecks and constraints on their respective midstream infrastructure systems, according to North Dakota’s leading oil and gas regulator.
North Dakota’s most recent production reports indicated that more than half of the 21,000 b/d decrease in crude oil production between May and June was on Fort Berthold Reservation lands, which account for roughly 25% of the Bakken Shale’s production in any given month.