North Dakota’s oil output fell in December for the first time in three months, as producers reined in their wells and drilled less in a reaction to the plunge in crude prices. Feb 17 (Reuters) – North Dakota’s oil output fell in December for the first time in three months, as producers reined in their wells and drilled less in a reaction to the plunge in crude prices. The state produced 1,152,280 barrels of oil per day (bpd) in December, compared with 1,181,787 in November, according to data from the North Dakota Industrial Commission, which reports with a two-month lag. The output drop shows that North Dakota oil producers are finally acknowledging the low-price reality now rolling over the entire energy industry. It also serves as a harbinger for what 2016 could have in store for the No. 2 U.S. oil producer. Continental Resources Inc and Hess Corp, North […]