Oil production in North Dakota has declined 4 percent since a record was set in December, largely because of lower oil prices, state data show. The North Dakota Industrial Commission said oil production in February, the last full month for which data are available, was 1.17 million barrels per day, a 1.1 percent decline from January and a 4 percent decline from December. December’s oil production of 1.2 million bpd was the all-time high. NDIC Director Lynn Helms said a weak crude oil market and state targets aimed at reducing the amount of gas burned off during oil production was to blame for the decline . “Oil price is by far the biggest driver behind the slow-down, with operators […]