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North Dakota oil production continues to rise

Written by Mike Hughlett at The Minneapolis Star Tribune

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North Dakota’s oil production rose 3.5 percent in August, hitting the highest monthly mark since early 2016. North Dakota, the nation’s second largest oil producer, pumped out 1.085 million barrels of crude per day in August, compared with 1.048 million per day during the previous month, according to data released Tuesday by North Dakota’s Department of Mineral Resources. The state’s output generally has been rising in 2017, after dropping below 1 million barrels per day for a few months in 2016 and in January of this year. The oil rig count in North Dakota currently stands at 57, up from 56 in September and August, but down from a peak of 58 in July. A rising rig count indicates operators are drilling more new wells.

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Written by Mike Hughlett at The Minneapolis Star Tribune

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