Faced with declining demand and potentially months of oil prices below most Bakken breakeven prices, the North Dakota Industrial Commission next week will consider new rules aimed at preventing operators from either bringing more unwanted crude onto the market or abandoning wells completely. In January, the number of inactive wells in North Dakota climbed to 2,607, a new record for the state and an increase of 687 wells, or nearly 36%, from December. In a year, North Dakota’s inactive well count has climbed by 1,090 wells, an increase of nearly 72%. The surge in inactive wells has left operators with a choice: allow it to fall into abandoned status, […]