ND sees steepest production drop on record - July 26, 2020

Providing coverage of Alaska and northern Canada's oil and gas industryJuly 2020

Vol. 25, No.30

Week of July 26, 2020

ND sees steepest production drop on record

Associated Press

North Dakota oil and gas production plunged about 30% May, as oil companies idled wells and halted drilling plans after prices collapsed due to the coronavirus.

The Department of Mineral Resources reported July 17 the state produced an average of 858,000 in May, down from 1.2 million barrels in April.

North Dakota’s natural gas production also fell from 81.3 billion cubic feet in April to 59.7 billion cubic feet in May.

The May tallies are the latest figures available and represent the sharpest monthly drop on record.

There were 12,809 wells producing in May, down from 15,474 in April.

North Dakota had 17 drill rigs operating in May, down from 35 in April. There were 10 drill rigs operating in the state July 17.

- Associated Press

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