The North Dakota Oil Production Stats are out. North Dakota crude oil production was down just less than 10,000 barrels per day. Bakken crude oil production was down 7,743,000 bpd in March while all North Dakota production was down 9,846,000 barrels per day. From the Director’s Cut : Producing Wells February 13,017 March 13,024 (preliminary) (all-time high was Oct 2015 13,190) Permitting February 70 drilling and 1 seismic March 56 drilling and 4 seismic April 66 drilling and 0 seismic (all time high was 370 in 10/2012) ND Sweet Crude Price February $18.07/barrel March $26.62/barrel April $26.87/barrel Today $33.00/barrel (all-time high was $136.29 7/3/2008) Rig Count February 40 March 32 April 29 Today’s rig count is 27 (lowest since July 2005 when it was 27)(all-time high was 218 on 5/29/2012) Comments: The drilling rig count fell 8 from February to March, 3 from March to April, and 2 more […]