Natural Gas News – July 20, 2020
North Dakota’s May oil output falls 30% on month as DAPL shutdown clouds outlook
North Dakota oil and natural gas production saw its sharpest monthly drop on record in May, as low prices and weak demand continued to curb drilling activity while the looming shutdown of the Dakota Access Pipeline threatens the state’s recovery. The state pumped 858,395 b/d in May, down 30% from April and the lowest since June 2013, according to data released July 17 by the North Dakota Pipeline Authority. About 494,000 b/d of North Dakota oil production was shut in from 6,770 wells in May, the data showed. May’s oil production was down 43% from February’s 1.5 million b/d, before the double whammy of the Saudi/Russian price war and coronavirus lockdowns crashed global prices and demand. North Dakota’s
natural gas output sank to 1.9 Bcf/d in May, down 29% from April, according to the pipeline authority.
Compressed Natural Gas (CNG) Vehicles Market 2020 – Key Factors and Emerging Opportunities with Current Trends Analysis
The new report on the global Compressed Natural Gas (CNG) Vehicles market is an extensive study on the overall prospects of the Compressed
Natural Gas (CNG) Vehicles market over the assessment period. Further, the report provides a thorough understanding of the key dynamics of the Compressed Natural Gas (CNG) Vehicles market including the current trends, opportunities, drivers, and restraints. The report introspects the micro and macro-economic factors that are expected to nurture the growth of the Compressed Natural Gas (CNG) Vehicles market in the upcoming years.
This article is part of Daily Natural Gas Newsletter
Tagged:
MARKET CONDITION REPORT - DISCLAIMER
The information contained herein is derived from sources believed to be reliable; however, this information is not guaranteed as to its accuracy or completeness. Furthermore, no responsibility is assumed for use of this material and no express or implied warranties or guarantees are made. This material and any view or comment expressed herein are provided for informational purposes only and should not be construed in any way as an inducement or recommendation to buy or sell products, commodity futures or options contracts.
