Upstream Conventional & Unconventional Onshore Development
The North Dakota Department of Mineral Resources released the state’s most recent oil production data earlier this month. According to the data, oil output across the state hit a record 1.19 million barrels a day in November. These levels were achieved even as energy companies drilled fewer wells and the rig count dropped to a near five-year low. Despite the new output record, the head of North Dakota’s Department of Mineral Resources warned the state’s crude production will peak and decline later this year if oil prices don’t rebound.