Home / News / Bakken News / North Dakota posts 1.2 million barrels of oil daily in June

North Dakota posts 1.2 million barrels of oil daily in June

BISMARCK, N.D. — North Dakota oil drillers nearly matched the state’s oil production record in June, despite slipping crude prices.

The Department of Mineral Resources says the state produced an average of 1.21 million barrels of oil daily in June, up slightly from May. The June production was 16,000 barrels per day less than the record set in December.

North Dakota also produced a record 1.6 million cubic feet of natural gas in June.

The June tally is the latest figure available because oil production numbers typically lag at least two months.

Mineral Resources Director Lynn Helms says the number of wells targeting the Bakken and Three Forks formations surpassed 10,000 in June. Helms says that’s one-sixth of the estimated potential.

North Dakota sweet crude was fetching $28.50 a barrel Friday morning.

In related news, Breaking even: Bakken still profitable, but barely.

This article was from The Associated Press and was legally licensed through the NewsCred publisher network.

One comment

  1. Too bad oil prices are so low?but they seem to still be aping up production?

Leave a Reply

Your email address will not be published. Required fields are marked *

*