2 graphs showing dramatic change in production dynamics in N.D. – 2-15
The price of crude oil realized in North Dakota is lower than the Gulf coast due to transportation costs. Here is a graph of the average price for the month as reported by the Department of Mineral Resources, Oil and Gas Division, of the North Dakota Industrial Commission. You can find the reports here.
Also, the number of rigs is dropping fast. Here is the average rig count, with an actual as of Friday’s report: