the republic logo

North Dakota oil production slightly down; rig count back to April 2010 level due to prices

bug
Share/Save/Bookmark

BISMARCK, North Dakota — North Dakota's oil production slipped 3 percent in January from record production set a month earlier.

Mineral Resources Director Lynn Helms says the slide to about 1.2 million barrels daily was largely due to sagging oil prices.

He says falling oil prices also forced the drilling rig count down again, from 160 in January to 133 in February.

Helms says Thursday's rig count of 111 is the lowest in nearly five years, down 49 percent from the high of 218 in May 2012.

Think your friends should see this? Share it with them!

Story copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.


We also have more stories about:
(click the phrases to see a list)

Category:

Subjects:

Places:

 

Follow The Republic:

All content copyright ©2015 The Republic, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.