Helms: Gas producing faster than oilGas, oil, wells, rig count hit all-time highs in May; utilization of rigs capable of drilling 20,000 feet remained more than 95% By Ray Tyson For Petroleum News Bakken
Preliminary tallies for North Dakota oil and natural gas production show output for both rose to new all-time highs in May, with natural gas increasing slightly faster than oil, indicating the oil-gas ratio may be increasing and more gathering and processing capacity will be needed to handle the loa....
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