For the first time in more than four years, oil/natural gas production in North Dakota’s Bakken Shale play declined for two consecutive months, but the state’s chief regulator said Tuesday he expects things to turn around when June statistics are released. In the meantime, further monthly declines of 1-2% are expected. In the latest report from Lynn Helms, director of the Department of Mineral Resources (DMR), January-February production continued downward, following all-time record levels reached in December. February is the most recent month for which DMR has complete statistics. Oil production in February dropped to 32.9 million bbl (1.17 million b/d), compared to 36.9 million bbl (1.19 million b/d) in January, following the December all-time peak total of 1.22 million b/d. Natural gas production in February was 41.2 Bcf (1.47 Bcf/d), compared to 45.6 Bcf (1.47 Bcf/d) in January, following an […]