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Tag Archives: oil production

Report shows Bakken production increases for July

pump jack, north dakota oil production

Oilprice.com recently reported Bakken oil production was up 3,046 barrels per day in July, despite an overall down trend. The report shows a preliminary total of 13,255 producing wells and a current (September) rig count of 33. This compares to an all-time high of 218 in May 2012. The rig count continues to slowly increase. Oilprice noted that over 98 ...

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North Dakota oil output drops 20K barrels daily in June

North Dakota oil production

BISMARCK, N.D. (AP) — North Dakota’s oil production decreased by more than 20,000 barrels a day in June. The Department of Mineral Resources says the state produced an average of 1.02 million barrels of oil daily in June, down from 1.04 million barrels in May. North Dakota’s production record was set in December 2014 at 1.22 million barrels daily. North ...

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US rig count up 17 this week to 481, Texas up 13

oil rig, rig count, Pixabay

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. increased by 17 this week to 481. A year ago, 884 rigs were active. Depressed energy prices have sharply curtailed oil and gas exploration. Houston oilfield services company Baker Hughes Inc. said Friday that 396 rigs sought oil and 83 explored for natural gas ...

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US rig count up 7 this week to 447

oil rig, rig count, Baker Hughes

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. increased by seven this week to 447. A year ago, 857 rigs were active. Depressed energy prices have sharply curtailed oil and gas exploration. Houston oilfield services company Baker Hughes Inc. said Friday that 357 rigs sought oil and 89 explored for natural gas ...

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US energy secretary sees oil market coming into balance

Ernest Moniz, Energy Department, oil glut

BEIJING (AP) — The U.S. energy secretary said Friday he sees the global oil market coming into balance over the next year as rising demand catches up with a two-year-old supply glut that depressed prices. Ernest Moniz said supplies should be adequate after the market comes into balance. He said Saudi Arabia has made clear it will maintain spare production ...

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Top 5 Bakken Stories of the Week, June 11-17

top 5

Doug Burgum’s bid for North Dakota governor came one step closer to reality with his Tuesday win in the primary. The republican candidate stressed policies that stress economic growth and capitalizing on North Dakota’s two most important industries: energy and agriculture. Burgum-Sanford ticket emphasizes energy, economic growth 2 & 3. Two spills in North Dakota this week got lots of ...

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