North Dakota said Wednesday crude-oil production in December fell 2.5% to the lowest level in more than a year, and the state’s top energy regulator said Bakken Shale output will continue to decline if the price of the commodity doesn’t rebound. Oil production in December, the latest data available, fell to 1.15 million barrels a day, from 1.17 million barrels a day the previous month, according to the North Dakota Department of Mineral Resources. That was the lowest level since the 1.13 million barrels a day produced in August 2014 and down 6.1% from an all-time high of 1.23 million barrels a day in December 2014. “We’re seeing actual production declines begin to kick in,” Lynn Helms, Director of North Dakota’s Department of Mineral Resources, said at a news conference in Bismarck, N.D. The state’s production has stayed above the million-barrel-per-day mark despite lower prices as energy companies focused […]