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BS - North Dakota drops 300,000 bo/d in weeks as prices deteriorate - May 5, 2020



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North Dakota is feeling the effects of the dramatic drop in oil prices. On April 21, state Mineral Resources Director Lynn Helms told the North Dakota Industrial Commission that an estimated 5,000 wells had been shut down in just a few weeks, impacting oil volumes by nearly 300,000 bo/d. The state’s February output averaged 1.45 MMbo/d. On the day WTI went negative, Helms said the state lost 60,000 bo/d of output in just 24......
 
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