North Dakota Operators Likely to Keep Crude Output Steady This Year, Regulator Says

Crude output is expected to be relatively steady in North Dakota in February, the third-largest U.S. oil-producing state, a state regulator said on Monday, with little change expected in drilling activity.

Operators are likely to hold their drilling rig count, an indicator of future output, near current operational levels of 26 for the year, said Nathan Anderson, director of the North Dakota Department of Mineral Resources.

Oil production in North Dakota fell by 76,000 barrels per day to 1.12 million bpd in December, according to the department’s latest data.

North Dakota Operators Likely to Keep Crude Output Steady This Year, Regulator Says