Multiple oil well sites are seen on the Fort Berthold Indian Reservation in North Dakota, in a November 1, 2014 file photo. North Dakota’s daily oil production will soon drop below 1 million barrels if it has not already done so, a level not seen since the summer of 2014, and a recovery would take at least a year, state regulators said on Friday. The prediction came as yet another ominous sign for the No. 2 producing state, where Continental Resources Inc, Whiting Petroleum Corp and others have curtailed output and slashed costs in response to the slump in oil prices. “Oil prices really just seem to be stuck in that $40 to $48 per barrel range,” Lynn Helms, head of the state’s Department of Mineral Resources, said on a conference call with reporters. “We’re still looking at needing a $50 price point for increased hydraulic fracturing activity in […]