North Dakota has suffered an 81-percent decline in oil and gas revenues in April. Between March and mid-April, North Dakota oil producers idled some 40 percent of drilling rigs. Oil production in North Dakota shrunk by 15 percent between March and April and is expected to have shrunk even more in May. North Dakota has suffered an 81-percent decline in oil and gas revenues in April amid the coronavirus pandemic that forced producers in one of the United States’ most prolific shale plays to cut production substantially. For April, oil and gas revenues stood at just $38 million, local media reported , although the state government still expects total revenues for the current two-year budget cycle to be higher than forecast. Oil production in North Dakota shrunk by 15 percent between March and April and is expected to have shrunk even more in May. As of April 15, oil […]