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Bakken oil production is up for 1st time in 2017

 

Posted 4/18/17 (Tue)

Bakken oil production is up for 1st time in 2017

By Marcus White

Crude oil production in North Dakota rose by 53,000 barrels a day in February, bringing the state above the 1 million barrel mark for the first time this year.

According to Lynn Helms, director of the state’s Department of Mineral Resources (DMR),  production in the state was not forecast to reach that level until later this year. Noncompleted wells also dropped below the 800 mark for the first time since December 2014.

In his monthly press briefing last week, Helms said road restrictions in place for the spring thaw could temporarily slow production into early May.

In order to maintain production during the spring, his agency estimates oil companies will need to double the amount of trucks on the road, which is not a financially feasible option.

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