The rig count in North Dakota continues to decline and the economic health of cities depending on the oil industry may start to suffer, credit analysis finds. State data show 94 rigs actively exploring for or producing oil and natural gas. That’s down 2 percent since the start of the week and a reflection of spending cuts enacted by energy companies reacting to the low price of oil. State-wide, analysis from Standards & Poor’s finds the North Dakota economy will be able to cope with a depressed energy sector. For cities and counties in the oil-rich parts of the state, the slowdown could result in decreased revenues during the second half of 2015 and early 2016. “Oil-industry activity in North Dakota […]