NGN 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.
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